Legends Business Grp Stock Market Value
| LGBS Stock | USD 0.0001 0.00 0.00% |
| Symbol | Legends |
Legends Business '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 Legends Business' 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 Legends Business.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Legends Business on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Legends Business Grp or generate 0.0% return on investment in Legends Business over 690 days. Legends Business Group, Inc. focuses on manufacturing andor testing various battery charging products in the United Stat... More
Legends Business 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 Legends Business' 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 Legends Business Grp upside and downside potential and time the market with a certain degree of confidence.
Legends Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legends Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legends Business' standard deviation. In reality, there are many statistical measures that can use Legends Business historical prices to predict the future Legends Business' volatility.Legends Business Grp Backtested Returns
We have found three technical indicators for Legends Business, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Legends Business are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Legends Business Grp has no correlation between past and present. Overlapping area represents the amount of predictability between Legends Business time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Legends Business Grp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Legends Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legends Business Grp lagged returns against current returns
Autocorrelation, which is Legends Business 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 Legends Business' pink sheet expected returns. We can calculate the autocorrelation of Legends Business returns to help us make a trade decision. For example, suppose you find that Legends Business 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 |
Legends Business 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 Legends Business pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legends Business pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legends Business pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Legends Business Lagged Returns
When evaluating Legends Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legends Business pink sheet have on its future price. Legends Business 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, Legends Business autocorrelation shows the relationship between Legends Business pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Legends Business Grp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Legends Pink Sheet Analysis
When running Legends Business' price analysis, check to measure Legends Business' 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 Legends Business is operating at the current time. Most of Legends Business' value examination focuses on studying past and present price action to predict the probability of Legends Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legends Business' price. Additionally, you may evaluate how the addition of Legends Business to your portfolios can decrease your overall portfolio volatility.