Legacy Education Stock Market Value
| LGCY Stock | USD 7.93 0.36 4.76% |
| Symbol | Legacy |
Legacy Education Price To Book Ratio
Is Personal Services 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 Education. 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 Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Legacy Education 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 Education's value that differs from its market value or its book value, called intrinsic value, which is Legacy Education'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 Education's market value can be influenced by many factors that don't directly affect Legacy Education'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 Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Education'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 Education '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 Education'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 Education.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Legacy Education on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Legacy Education or generate 0.0% return on investment in Legacy Education over 30 days. Legacy Education is related to or competes with Visionary Education, Ihuman, Jianzhi Education, 17 Education, Vasta Platform, Skillful Craftsman, and Elite Education. Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and ... More
Legacy Education 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 Education'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 Education upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.18 | |||
| Information Ratio | 0.3035 | |||
| Maximum Drawdown | 21.63 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 10.85 |
Legacy Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legacy Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legacy Education's standard deviation. In reality, there are many statistical measures that can use Legacy Education historical prices to predict the future Legacy Education's volatility.| Risk Adjusted Performance | 0.2562 | |||
| Jensen Alpha | 1.63 | |||
| Total Risk Alpha | 0.9959 | |||
| Sortino Ratio | 0.3765 | |||
| Treynor Ratio | 3.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Legacy Education'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.
Legacy Education Backtested Returns
Legacy Education is moderately volatile given 3 months investment horizon. Legacy Education has Sharpe Ratio of 0.34, which conveys that the firm had a 0.34% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.75% are justified by taking the suggested risk. Use Legacy Education Risk Adjusted Performance of 0.2562, mean deviation of 3.57, and Downside Deviation of 4.18 to evaluate company specific risk that cannot be diversified away. Legacy Education holds a performance score of 26 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Legacy Education's returns are expected to increase less than the market. However, during the bear market, the loss of holding Legacy Education is expected to be smaller as well. Use Legacy Education potential upside, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Legacy Education.
Auto-correlation | 0.83 |
Very good predictability
Legacy Education has very good predictability. Overlapping area represents the amount of predictability between Legacy Education time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Education price movement. The serial correlation of 0.83 indicates that around 83.0% of current Legacy Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Legacy Education lagged returns against current returns
Autocorrelation, which is Legacy Education 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 Education's stock expected returns. We can calculate the autocorrelation of Legacy Education returns to help us make a trade decision. For example, suppose you find that Legacy Education 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 Education 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 Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legacy Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legacy Education stock over time.
Current vs Lagged Prices |
| Timeline |
Legacy Education Lagged Returns
When evaluating Legacy Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legacy Education stock have on its future price. Legacy Education 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 Education autocorrelation shows the relationship between Legacy Education stock current value and its past values and can show if there is a momentum factor associated with investing in Legacy Education.
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.Additional Tools for Legacy Stock Analysis
When running Legacy Education's price analysis, check to measure Legacy Education's 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 Legacy Education is operating at the current time. Most of Legacy Education's value examination focuses on studying past and present price action to predict the probability of Legacy Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Education's price. Additionally, you may evaluate how the addition of Legacy Education to your portfolios can decrease your overall portfolio volatility.