Lucid Group Stock Market Value
| LCID Stock | USD 2.06 0.03 1.48% |
| Symbol | Lucid |
Lucid Group Price To Book Ratio
Is Automobile Manufacturers 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 Lucid. If investors know Lucid 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 Lucid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.33) | Revenue Per Share 0.317 | Quarterly Revenue Growth 0.452 | Return On Assets (0.22) | Return On Equity (0.65) |
The market value of Lucid Group is measured differently than its book value, which is the value of Lucid that is recorded on the company's balance sheet. Investors also form their own opinion of Lucid's value that differs from its market value or its book value, called intrinsic value, which is Lucid'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 Lucid's market value can be influenced by many factors that don't directly affect Lucid'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 Lucid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucid'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.
Lucid '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 Lucid'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 Lucid.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Lucid on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Lucid Group or generate 0.0% return on investment in Lucid over 90 days. Lucid is related to or competes with Nio, Xpeng, Ford, Tesla, Li Auto, Rivian Automotive, and Polestar Automotive. Lucid Group, Inc. a technology and automotive company, develops electric vehicle technologies More
Lucid 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 Lucid'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 Lucid Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 30.74 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 7.54 |
Lucid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lucid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lucid's standard deviation. In reality, there are many statistical measures that can use Lucid historical prices to predict the future Lucid's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.70) |
Lucid Group Backtested Returns
Lucid Group has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25% return per unit of risk over the last 3 months. Lucid exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lucid's Standard Deviation of 4.55, mean deviation of 3.24, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.87, which conveys possible diversification benefits within a given portfolio. Lucid returns are very sensitive to returns on the market. As the market goes up or down, Lucid is expected to follow. At this point, Lucid Group has a negative expected return of -1.02%. Please make sure to verify Lucid's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Lucid Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Lucid Group has very good predictability. Overlapping area represents the amount of predictability between Lucid time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 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 Lucid Group price movement. The serial correlation of 0.83 indicates that around 83.0% of current Lucid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Lucid Group lagged returns against current returns
Autocorrelation, which is Lucid 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 Lucid's stock expected returns. We can calculate the autocorrelation of Lucid returns to help us make a trade decision. For example, suppose you find that Lucid 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 |
Lucid 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 Lucid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucid stock over time.
Current vs Lagged Prices |
| Timeline |
Lucid Lagged Returns
When evaluating Lucid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lucid stock have on its future price. Lucid 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, Lucid autocorrelation shows the relationship between Lucid stock current value and its past values and can show if there is a momentum factor associated with investing in Lucid Group.
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 Lucid Group is a strong investment it is important to analyze Lucid's 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 Lucid's future performance. For an informed investment choice regarding Lucid Stock, refer to the following important reports:Check out Lucid Correlation, Lucid Volatility and Lucid Alpha and Beta module to complement your research on Lucid. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Lucid 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.