LEGACY IRON's market value is the price at which a share of LEGACY IRON trades on a public exchange. It measures the collective expectations of LEGACY IRON ORE investors about its performance. LEGACY IRON is trading at 0.0105 as of the 27th of November 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 0.0105. With this module, you can estimate the performance of a buy and hold strategy of LEGACY IRON ORE and determine expected loss or profit from investing in LEGACY IRON over a given investment horizon. Check out LEGACY IRON Correlation, LEGACY IRON Volatility and LEGACY IRON Alpha and Beta module to complement your research on LEGACY IRON.
Please note, there is a significant difference between LEGACY IRON's value and its price as these two are different measures arrived at by different means. Investors typically determine if LEGACY IRON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LEGACY IRON'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.
LEGACY IRON 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to LEGACY IRON's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of LEGACY IRON.
0.00
10/28/2024
No Change 0.00
0.0
In 30 days
11/27/2024
0.00
If you would invest 0.00 in LEGACY IRON on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding LEGACY IRON ORE or generate 0.0% return on investment in LEGACY IRON over 30 days. LEGACY IRON is related to or competes with Apple, Apple, Microsoft, and Microsoft. More
LEGACY IRON Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure LEGACY IRON's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess LEGACY IRON ORE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for LEGACY IRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEGACY IRON's standard deviation. In reality, there are many statistical measures that can use LEGACY IRON historical prices to predict the future LEGACY IRON's volatility.
LEGACY IRON ORE has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. LEGACY IRON exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEGACY IRON's mean deviation of 0.283, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LEGACY IRON's returns are expected to increase less than the market. However, during the bear market, the loss of holding LEGACY IRON is expected to be smaller as well. At this point, LEGACY IRON ORE has a negative expected return of -0.15%. Please make sure to verify LEGACY IRON's coefficient of variation, variance, treynor ratio, as well as the relationship between the standard deviation and information ratio , to decide if LEGACY IRON ORE performance from the past will be repeated in the future.
Auto-correlation
1.00
Perfect predictability
LEGACY IRON ORE has perfect predictability. Overlapping area represents the amount of predictability between LEGACY IRON time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LEGACY IRON ORE price movement. The serial correlation of 1.0 indicates that 100.0% of current LEGACY IRON price fluctuation can be explain by its past prices.
Correlation Coefficient
1.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
LEGACY IRON ORE lagged returns against current returns
Autocorrelation, which is LEGACY IRON stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting LEGACY IRON's stock expected returns. We can calculate the autocorrelation of LEGACY IRON returns to help us make a trade decision. For example, suppose you find that LEGACY IRON has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
LEGACY IRON regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If LEGACY IRON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEGACY IRON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEGACY IRON stock over time.
Current vs Lagged Prices
Timeline
LEGACY IRON Lagged Returns
When evaluating LEGACY IRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEGACY IRON stock have on its future price. LEGACY IRON autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, LEGACY IRON autocorrelation shows the relationship between LEGACY IRON stock current value and its past values and can show if there is a momentum factor associated with investing in LEGACY IRON ORE.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
LEGACY IRON financial ratios help investors to determine whether LEGACY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LEGACY with respect to the benefits of owning LEGACY IRON security.