Nlight Inc Stock Market Value
| LASR Stock | USD 11.11 0.26 2.40% |
| Symbol | NLIGHT |
nLIGHT Inc Price To Book Ratio
Is Electronic Equipment, Instruments & 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 NLIGHT. If investors know NLIGHT 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 NLIGHT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.03) | Revenue Per Share 4.28 | Quarterly Revenue Growth 0.109 | Return On Assets (0.11) | Return On Equity (0.20) |
The market value of nLIGHT Inc is measured differently than its book value, which is the value of NLIGHT that is recorded on the company's balance sheet. Investors also form their own opinion of NLIGHT's value that differs from its market value or its book value, called intrinsic value, which is NLIGHT'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 NLIGHT's market value can be influenced by many factors that don't directly affect NLIGHT'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 NLIGHT's value and its price as these two are different measures arrived at by different means. Investors typically determine if NLIGHT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NLIGHT'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.
NLIGHT '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 NLIGHT'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 NLIGHT.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in NLIGHT on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding nLIGHT Inc or generate 0.0% return on investment in NLIGHT over 30 days. NLIGHT is related to or competes with NVIDIA, Taiwan Semiconductor, Marvell Technology, Micron Technology, Advanced Micro, and Broadcom. nLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aeros... More
NLIGHT 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 NLIGHT'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 nLIGHT Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.74 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 51.57 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 4.41 |
NLIGHT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NLIGHT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NLIGHT's standard deviation. In reality, there are many statistical measures that can use NLIGHT historical prices to predict the future NLIGHT's volatility.| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0071 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NLIGHT's 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.
nLIGHT Inc Backtested Returns
Currently, nLIGHT Inc is somewhat reliable. nLIGHT Inc has Sharpe Ratio of 0.0115, which conveys that the firm had a 0.0115% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NLIGHT, which you can use to evaluate the volatility of the firm. Please verify NLIGHT's risk adjusted performance of 0.0123, and Downside Deviation of 4.74 to check out if the risk estimate we provide is consistent with the expected return of 0.0618%. The company secures a Beta (Market Risk) of 2.26, 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, NLIGHT will likely underperform. nLIGHT Inc currently secures a risk of 5.37%. Please verify nLIGHT Inc downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if nLIGHT Inc will be following its current price movements.
Auto-correlation | -0.53 |
Good reverse predictability
nLIGHT Inc has good reverse predictability. Overlapping area represents the amount of predictability between NLIGHT time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 nLIGHT Inc price movement. The serial correlation of -0.53 indicates that about 53.0% of current NLIGHT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
nLIGHT Inc lagged returns against current returns
Autocorrelation, which is NLIGHT 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 NLIGHT's stock expected returns. We can calculate the autocorrelation of NLIGHT returns to help us make a trade decision. For example, suppose you find that NLIGHT 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 |
NLIGHT 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 NLIGHT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NLIGHT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NLIGHT stock over time.
Current vs Lagged Prices |
| Timeline |
NLIGHT Lagged Returns
When evaluating NLIGHT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NLIGHT stock have on its future price. NLIGHT 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, NLIGHT autocorrelation shows the relationship between NLIGHT stock current value and its past values and can show if there is a momentum factor associated with investing in nLIGHT Inc.
Regressed Prices |
| Timeline |
Pair Trading with NLIGHT
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 NLIGHT 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 NLIGHT will appreciate offsetting losses from the drop in the long position's value.Moving against NLIGHT Stock
The ability to find closely correlated positions to NLIGHT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NLIGHT 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 NLIGHT - 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 nLIGHT Inc to buy it.
The correlation of NLIGHT 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 NLIGHT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nLIGHT Inc 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 NLIGHT 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.Additional Tools for NLIGHT Stock Analysis
When running NLIGHT's price analysis, check to measure NLIGHT'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 NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.