Locafy Limited Stock Market Value
| LCFYW Stock | USD 8.53 0.41 5.05% |
| Symbol | Locafy |
Locafy Limited Price To Book Ratio
Is Movies & Entertainment 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 Locafy. If investors know Locafy 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 Locafy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 3.242 | Quarterly Revenue Growth 0.001 | Return On Assets (0.23) | Return On Equity (0.72) |
The market value of Locafy Limited is measured differently than its book value, which is the value of Locafy that is recorded on the company's balance sheet. Investors also form their own opinion of Locafy's value that differs from its market value or its book value, called intrinsic value, which is Locafy'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 Locafy's market value can be influenced by many factors that don't directly affect Locafy'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 Locafy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Locafy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Locafy'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.
Locafy '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 Locafy'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 Locafy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Locafy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Locafy Limited or generate 0.0% return on investment in Locafy over 30 days. Locafy is related to or competes with Locafy, and Heartbeam Warrant. Locafy Limited operates as a software-as-a-service company that specializes in local search engine marketing in Australi... More
Locafy 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 Locafy'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 Locafy Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.15 | |||
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 63.39 | |||
| Value At Risk | (13.38) | |||
| Potential Upside | 23.54 |
Locafy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locafy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locafy's standard deviation. In reality, there are many statistical measures that can use Locafy historical prices to predict the future Locafy's volatility.| Risk Adjusted Performance | 0.0896 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Locafy'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.
Locafy Limited Backtested Returns
Locafy is out of control given 3 months investment horizon. Locafy Limited has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 22.11% are justified by taking the suggested risk. Use Locafy Limited Mean Deviation of 5.29, downside deviation of 10.15, and Risk Adjusted Performance of 0.0896 to evaluate company specific risk that cannot be diversified away. Locafy holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.23, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Locafy are expected to decrease by larger amounts. On the other hand, during market turmoil, Locafy is expected to outperform it. Use Locafy Limited downside variance, and the relationship between the total risk alpha and daily balance of power , to analyze future returns on Locafy Limited.
Auto-correlation | 0.27 |
Poor predictability
Locafy Limited has poor predictability. Overlapping area represents the amount of predictability between Locafy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Locafy Limited price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Locafy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Locafy Limited lagged returns against current returns
Autocorrelation, which is Locafy 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 Locafy's stock expected returns. We can calculate the autocorrelation of Locafy returns to help us make a trade decision. For example, suppose you find that Locafy 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 |
Locafy 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 Locafy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locafy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locafy stock over time.
Current vs Lagged Prices |
| Timeline |
Locafy Lagged Returns
When evaluating Locafy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locafy stock have on its future price. Locafy 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, Locafy autocorrelation shows the relationship between Locafy stock current value and its past values and can show if there is a momentum factor associated with investing in Locafy Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for Locafy Stock Analysis
When running Locafy's price analysis, check to measure Locafy'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 Locafy is operating at the current time. Most of Locafy's value examination focuses on studying past and present price action to predict the probability of Locafy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locafy's price. Additionally, you may evaluate how the addition of Locafy to your portfolios can decrease your overall portfolio volatility.