Laser Photonics Stock Market Value
| LASE Stock | 6.55 0.50 8.26% |
| Symbol | Laser |
Laser Photonics Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Laser Photonics. If investors know Laser 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 Laser Photonics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Earnings Share (0.38) | Revenue Per Share 0.389 | Quarterly Revenue Growth (0.35) | Return On Assets (0.25) |
The market value of Laser Photonics is measured differently than its book value, which is the value of Laser that is recorded on the company's balance sheet. Investors also form their own opinion of Laser Photonics' value that differs from its market value or its book value, called intrinsic value, which is Laser Photonics' 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 Laser Photonics' market value can be influenced by many factors that don't directly affect Laser Photonics' 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 Laser Photonics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Laser Photonics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laser Photonics' 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.
Laser Photonics '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 Laser Photonics' 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 Laser Photonics.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Laser Photonics on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Laser Photonics or generate 0.0% return on investment in Laser Photonics over 720 days. Laser Photonics is related to or competes with Graco, Ametek, Flowserve, Donaldson, IDEX, Kadant, and ITT. Laser Photonics is entity of United States More
Laser Photonics 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 Laser Photonics' 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 Laser Photonics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.93 | |||
| Information Ratio | 0.1467 | |||
| Maximum Drawdown | 119.41 | |||
| Value At Risk | (23.09) | |||
| Potential Upside | 28.57 |
Laser Photonics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laser Photonics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laser Photonics' standard deviation. In reality, there are many statistical measures that can use Laser Photonics historical prices to predict the future Laser Photonics' volatility.| Risk Adjusted Performance | 0.1257 | |||
| Jensen Alpha | 2.83 | |||
| Total Risk Alpha | 0.4234 | |||
| Sortino Ratio | 0.1834 | |||
| Treynor Ratio | 1.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Laser Photonics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Laser Photonics Backtested Returns
Laser Photonics is dangerous given 3 months investment horizon. Laser Photonics has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.85% are justified by taking the suggested risk. Use Laser Photonics Risk Adjusted Performance of 0.1257, mean deviation of 12.56, and Downside Deviation of 15.93 to evaluate company specific risk that cannot be diversified away. Laser Photonics holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.92, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Laser Photonics will likely underperform. Use Laser Photonics expected short fall, and the relationship between the value at risk and daily balance of power , to analyze future returns on Laser Photonics.
Auto-correlation | -0.58 |
Good reverse predictability
Laser Photonics has good reverse predictability. Overlapping area represents the amount of predictability between Laser Photonics time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Laser Photonics price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Laser Photonics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 8.5 |
Laser Photonics lagged returns against current returns
Autocorrelation, which is Laser Photonics 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 Laser Photonics' stock expected returns. We can calculate the autocorrelation of Laser Photonics returns to help us make a trade decision. For example, suppose you find that Laser Photonics 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 |
Laser Photonics 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 Laser Photonics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laser Photonics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laser Photonics stock over time.
Current vs Lagged Prices |
| Timeline |
Laser Photonics Lagged Returns
When evaluating Laser Photonics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laser Photonics stock have on its future price. Laser Photonics 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, Laser Photonics autocorrelation shows the relationship between Laser Photonics stock current value and its past values and can show if there is a momentum factor associated with investing in Laser Photonics.
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.When determining whether Laser Photonics is a strong investment it is important to analyze Laser Photonics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Laser Photonics' future performance. For an informed investment choice regarding Laser Stock, refer to the following important reports:Check out Laser Photonics Correlation, Laser Photonics Volatility and Laser Photonics Alpha and Beta module to complement your research on Laser Photonics. For information on how to trade Laser Stock refer to our How to Trade Laser Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Laser Photonics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.