Legend Power Systems Stock Probability of Future Stock Price Finishing Over 0.2
| LPS Stock | CAD 0.20 0.01 5.26% |
Legend |
Legend Power Target Price Odds to finish over 0.2
The tendency of Legend Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.20 | 90 days | 0.20 | about 92.42 |
Based on a normal probability distribution, the odds of Legend Power to move above the current price in 90 days from now is about 92.42 (This Legend Power Systems probability density function shows the probability of Legend Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Legend Power Systems has a beta of -0.51. This indicates as returns on the benchmark increase, returns on holding Legend Power are expected to decrease at a much lower rate. During a bear market, however, Legend Power Systems is likely to outperform the market. Additionally Legend Power Systems has an alpha of 0.1212, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Legend Power Price Density |
| Price |
Predictive Modules for Legend Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legend Power Systems. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Legend Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legend Power is not an exception. The market had few large corrections towards the Legend Power's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Legend Power Systems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legend Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.51 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.01 |
Legend Power Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Legend Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legend Power Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legend Power Systems generated a negative expected return over the last 90 days | |
| Legend Power Systems has high historical volatility and very poor performance | |
| Legend Power Systems has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 1.11 M. Net Loss for the year was (4.18 M) with profit before overhead, payroll, taxes, and interest of 204.35 K. | |
| Legend Power Systems has accumulated about 7.2 M in cash with (2.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Monolithic Power Systems, Inc. Shares Acquired by Commerce Bank - MarketBeat |
Legend Power Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Legend Stock often depends not only on the future outlook of the current and potential Legend Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legend Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 119.8 M | |
| Cash And Short Term Investments | 2.5 M |
Legend Power Technical Analysis
Legend Power's future price can be derived by breaking down and analyzing its technical indicators over time. Legend Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legend Power Systems. In general, you should focus on analyzing Legend Stock price patterns and their correlations with different microeconomic environments and drivers.
Legend Power Predictive Forecast Models
Legend Power's time-series forecasting models is one of many Legend Power's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Legend Power's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Legend Power Systems
Checking the ongoing alerts about Legend Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legend Power Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legend Power Systems generated a negative expected return over the last 90 days | |
| Legend Power Systems has high historical volatility and very poor performance | |
| Legend Power Systems has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 1.11 M. Net Loss for the year was (4.18 M) with profit before overhead, payroll, taxes, and interest of 204.35 K. | |
| Legend Power Systems has accumulated about 7.2 M in cash with (2.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Monolithic Power Systems, Inc. Shares Acquired by Commerce Bank - MarketBeat |
Additional Tools for Legend Stock Analysis
When running Legend Power's price analysis, check to measure Legend Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legend Power is operating at the current time. Most of Legend Power's value examination focuses on studying past and present price action to predict the probability of Legend Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legend Power's price. Additionally, you may evaluate how the addition of Legend Power to your portfolios can decrease your overall portfolio volatility.