Leggett Platt Incorporated Stock Market Value
| LEG Stock | USD 13.06 1.40 12.01% |
| Symbol | Leggett |
Leggett Platt Price To Book Ratio
Is Household Durables 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 Leggett Platt. If investors know Leggett 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 Leggett Platt 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 (0.16) | Dividend Share 1.02 | Earnings Share (6.01) | Revenue Per Share 32.414 | Quarterly Revenue Growth (0.06) |
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt'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 Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt'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 Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt'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.
Leggett Platt '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 Leggett Platt'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 Leggett Platt.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Leggett Platt on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Leggett Platt Incorporated or generate 0.0% return on investment in Leggett Platt over 510 days. Leggett Platt is related to or competes with Mohawk Industries, Tempur Sealy, Ethan Allen, Lovesac, La Z, Flexsteel Industries, and Crown Crafts. Leggett Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide More
Leggett Platt 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 Leggett Platt'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 Leggett Platt Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.09 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 4.03 |
Leggett Platt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leggett Platt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leggett Platt's standard deviation. In reality, there are many statistical measures that can use Leggett Platt historical prices to predict the future Leggett Platt's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0727 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leggett Platt'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.
Leggett Platt Backtested Returns
At this point, Leggett Platt is not too volatile. Leggett Platt has Sharpe Ratio of 0.0301, which conveys that the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Leggett Platt, which you can use to evaluate the volatility of the firm. Please verify Leggett Platt's Risk Adjusted Performance of 0.0324, mean deviation of 1.95, and Downside Deviation of 2.27 to check out if the risk estimate we provide is consistent with the expected return of 0.0861%. Leggett Platt has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. Leggett Platt returns are very sensitive to returns on the market. As the market goes up or down, Leggett Platt is expected to follow. Leggett Platt right now secures a risk of 2.86%. Please verify Leggett Platt Incorporated standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Leggett Platt Incorporated will be following its current price movements.
Auto-correlation | 0.64 |
Good predictability
Leggett Platt Incorporated has good predictability. Overlapping area represents the amount of predictability between Leggett Platt time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Leggett Platt price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Leggett Platt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 5.63 |
Leggett Platt lagged returns against current returns
Autocorrelation, which is Leggett Platt 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 Leggett Platt's stock expected returns. We can calculate the autocorrelation of Leggett Platt returns to help us make a trade decision. For example, suppose you find that Leggett Platt 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 |
Leggett Platt 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 Leggett Platt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leggett Platt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leggett Platt stock over time.
Current vs Lagged Prices |
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Leggett Platt Lagged Returns
When evaluating Leggett Platt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leggett Platt stock have on its future price. Leggett Platt 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, Leggett Platt autocorrelation shows the relationship between Leggett Platt stock current value and its past values and can show if there is a momentum factor associated with investing in Leggett Platt Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt'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 Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:Check out Leggett Platt Correlation, Leggett Platt Volatility and Leggett Platt Alpha and Beta module to complement your research on Leggett Platt. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Leggett Platt 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.