Legacy Housing Corp Stock Market Value
| LEGH Stock | USD 25.61 0.31 1.23% |
| Symbol | Legacy |
Legacy Housing Corp 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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.18 | Revenue Per Share 6.744 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0711 | Return On Equity 0.1193 |
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.
Legacy Housing '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 Legacy Housing'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 Legacy Housing.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Legacy Housing on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Legacy Housing Corp or generate 0.0% return on investment in Legacy Housing over 30 days. Legacy Housing is related to or competes with MI Homes, Taylor Morn, TRI Pointe, Beazer Homes, LGI Homes, Century Communities, and Cavco Industries. Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern Unit... More
Legacy Housing 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 Legacy Housing'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 Legacy Housing Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.93 |
Legacy Housing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legacy Housing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legacy Housing's standard deviation. In reality, there are many statistical measures that can use Legacy Housing historical prices to predict the future Legacy Housing's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.03) |
Legacy Housing Corp Backtested Returns
Legacy Housing Corp has Sharpe Ratio of -0.0366, which conveys that the firm had a -0.0366% return per unit of risk over the last 3 months. Legacy Housing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legacy Housing's Standard Deviation of 1.96, mean deviation of 1.48, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.7, 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, Legacy Housing will likely underperform. At this point, Legacy Housing Corp has a negative expected return of -0.0683%. Please make sure to verify Legacy Housing's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Legacy Housing Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Legacy Housing Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Legacy Housing time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Legacy Housing Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Legacy Housing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Legacy Housing Corp lagged returns against current returns
Autocorrelation, which is Legacy Housing 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 Legacy Housing's stock expected returns. We can calculate the autocorrelation of Legacy Housing returns to help us make a trade decision. For example, suppose you find that Legacy Housing 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 |
Legacy Housing 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 Legacy Housing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legacy Housing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legacy Housing stock over time.
Current vs Lagged Prices |
| Timeline |
Legacy Housing Lagged Returns
When evaluating Legacy Housing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legacy Housing stock have on its future price. Legacy Housing 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, Legacy Housing autocorrelation shows the relationship between Legacy Housing stock current value and its past values and can show if there is a momentum factor associated with investing in Legacy Housing Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:Check out Legacy Housing Correlation, Legacy Housing Volatility and Legacy Housing Alpha and Beta module to complement your research on Legacy Housing. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Legacy Housing 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.