Legato Merger Ii Stock Beta
| LGTO Stock | USD 3.14 0.07 2.28% |
Legato Merger II fundamentals help investors to digest information that contributes to Legato Merger's financial success or failures. It also enables traders to predict the movement of Legato Stock. The fundamental analysis module provides a way to measure Legato Merger's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Legato Merger stock.
Legato | Beta |
Legato Merger II Company Beta Analysis
Legato Merger's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Legato Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Legato Merger is extremely important. It helps to project a fair market value of Legato Stock properly, considering its historical fundamentals such as Beta. Since Legato Merger's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Legato Merger's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Legato Merger's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Legato Merger II has a Beta of 0.0. This is 100.0% lower than that of the Construction & Engineering sector and about the same as Industrials (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
Legato Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Legato Merger's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Legato Merger could also be used in its relative valuation, which is a method of valuing Legato Merger by comparing valuation metrics of similar companies.Legato Merger is currently under evaluation in beta category among its peers.
Legato Merger ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Legato Merger's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Legato Merger's managers, analysts, and investors.Environmental | Governance | Social |
Legato Merger Institutional Holders
Institutional Holdings refers to the ownership stake in Legato Merger that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Legato Merger's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Legato Merger's value.| Shares | Exos Asset Management, Llc | 2024-03-31 | 0.0 |
Legato Fundamentals
| Current Valuation | 363.3 M | ||||
| Shares Outstanding | 35.91 M | ||||
| Shares Owned By Insiders | 17.63 % | ||||
| Shares Owned By Institutions | 81.80 % | ||||
| Number Of Shares Shorted | 11.05 K | ||||
| Revenue | 1.16 B | ||||
| EBITDA | 22.76 M | ||||
| Net Income | (18.71 M) | ||||
| Cash And Equivalents | 520.84 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 319.69 M | ||||
| Debt To Equity | 2.57 % | ||||
| Current Ratio | 18.20 X | ||||
| Book Value Per Share | (0.25) X | ||||
| Cash Flow From Operations | (10.26 M) | ||||
| Short Ratio | 0.13 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 13.33 | ||||
| Market Capitalization | 321.04 M | ||||
| Total Asset | 1.2 B | ||||
| Retained Earnings | (19.25 M) | ||||
| Net Asset | 1.2 B |
About Legato Merger Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Legato Merger II's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Legato Merger using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Legato Merger II based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Legato Merger
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Legato Merger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Legato Merger will appreciate offsetting losses from the drop in the long position's value.Moving against Legato Stock
| 0.84 | AZ | A2Z Smart Technologies | PairCorr |
| 0.71 | CW | Curtiss Wright | PairCorr |
| 0.66 | R | Ryder System | PairCorr |
| 0.66 | CR | Crane Company | PairCorr |
| 0.63 | J | Jacobs Solutions | PairCorr |
The ability to find closely correlated positions to Legato Merger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legato Merger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Legato Merger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Legato Merger II to buy it.
The correlation of Legato Merger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Legato Merger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legato Merger II moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Legato Merger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Legato Merger Piotroski F Score and Legato Merger Altman Z Score analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legato Merger. If investors know Legato will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legato Merger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Legato Merger II is measured differently than its book value, which is the value of Legato that is recorded on the company's balance sheet. Investors also form their own opinion of Legato Merger's value that differs from its market value or its book value, called intrinsic value, which is Legato Merger's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legato Merger's market value can be influenced by many factors that don't directly affect Legato Merger's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legato Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legato Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legato Merger's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.