Legible Stock Market Value
| LEBGF Stock | USD 0.05 0.02 34.29% |
| Symbol | Legible |
Legible '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 Legible's pink sheet 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 Legible.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Legible on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Legible or generate 0.0% return on investment in Legible over 540 days. Legible is related to or competes with Slate Office, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. Legible Media Inc. operates as a book entertainment and media company More
Legible 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 Legible's pink sheet 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 Legible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.08 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 77.2 | |||
| Value At Risk | (25.60) | |||
| Potential Upside | 31.44 |
Legible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legible's standard deviation. In reality, there are many statistical measures that can use Legible historical prices to predict the future Legible's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 1.75 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.1089 | |||
| Treynor Ratio | 0.9992 |
Legible Backtested Returns
Legible is out of control given 3 months investment horizon. Legible has Sharpe Ratio of 0.0995, which conveys that the firm had a 0.0995% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.68% are justified by taking the suggested risk. Use Legible Downside Deviation of 17.08, mean deviation of 11.61, and Risk Adjusted Performance of 0.1014 to evaluate company specific risk that cannot be diversified away. Legible holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.98, 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, Legible will likely underperform. Use Legible information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Legible.
Auto-correlation | -0.3 |
Weak reverse predictability
Legible has weak reverse predictability. Overlapping area represents the amount of predictability between Legible time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Legible price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Legible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legible lagged returns against current returns
Autocorrelation, which is Legible pink sheet'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 Legible's pink sheet expected returns. We can calculate the autocorrelation of Legible returns to help us make a trade decision. For example, suppose you find that Legible has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Legible 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 Legible pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legible pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legible pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Legible Lagged Returns
When evaluating Legible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legible pink sheet have on its future price. Legible 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, Legible autocorrelation shows the relationship between Legible pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Legible.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Legible Pink Sheet
Legible financial ratios help investors to determine whether Legible Pink Sheet 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 Legible with respect to the benefits of owning Legible security.