Legato Merger Corp Stock Buy Hold or Sell Recommendation
| LEGT Stock | 10.28 0.01 0.1% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Legato Merger Corp is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Legato Merger Corp given historical horizon and risk tolerance towards Legato Merger. When Macroaxis issues a 'buy' or 'sell' recommendation for Legato Merger Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Legato Merger Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Legato and provide practical buy, sell, or hold advice based on investors' constraints. Legato Merger Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Legato |
Execute Legato Merger Buy or Sell Advice
The Legato recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Legato Merger Corp. Macroaxis does not own or have any residual interests in Legato Merger Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Legato Merger's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Legato Merger Trading Alerts and Improvement Suggestions
| About 65.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: First Trust Capital Management L.P. Expands Portfolio with Legato Merger Corp III Acquisition |
Legato Merger Returns Distribution Density
The distribution of Legato Merger's historical returns is an attempt to chart the uncertainty of Legato Merger's future price movements. The chart of the probability distribution of Legato Merger daily returns describes the distribution of returns around its average expected value. We use Legato Merger Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Legato Merger returns is essential to provide solid investment advice for Legato Merger.
| Mean Return | 0.01 | Value At Risk | -0.1 | Potential Upside | 0.1 | Standard Deviation | 0.08 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Legato Merger historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Legato Merger Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Legato Merger or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Legato Merger's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Legato stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.0017 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -1.5 |
Legato Merger Volatility Alert
Legato Merger Corp exhibits very low volatility with skewness of 0.1 and kurtosis of 0.44. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Legato Merger's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Legato Merger's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Legato Merger Fundamentals Vs Peers
Comparing Legato Merger's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Legato Merger's direct or indirect competition across all of the common fundamentals between Legato Merger and the related equities. This way, we can detect undervalued stocks with similar characteristics as Legato Merger or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Legato Merger's fundamental indicators could also be used in its relative valuation, which is a method of valuing Legato Merger by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Legato Merger to competition |
| Fundamentals | Legato Merger | Peer Average |
| Current Valuation | 260.94 M | 16.62 B |
| Shares Outstanding | 25.8 M | 571.82 M |
| Shares Owned By Insiders | 20.84 % | 10.09 % |
| Shares Owned By Institutions | 65.47 % | 39.21 % |
| Number Of Shares Shorted | 25.33 K | 4.71 M |
| Book Value Per Share | (0.18) X | 1.93 K |
| Short Ratio | 0.16 X | 4.00 X |
| Market Capitalization | 262.9 M | 19.03 B |
Legato Merger Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Legato . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10.28 | |||
| Day Typical Price | 10.28 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 76.61 |
About Legato Merger Buy or Sell Advice
When is the right time to buy or sell Legato Merger Corp? Buying financial instruments such as Legato Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Legato Stock Analysis
When running Legato Merger's price analysis, check to measure Legato Merger'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 Legato Merger is operating at the current time. Most of Legato Merger's value examination focuses on studying past and present price action to predict the probability of Legato Merger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legato Merger's price. Additionally, you may evaluate how the addition of Legato Merger to your portfolios can decrease your overall portfolio volatility.