Logicmark Stock Market Value
| LGMK Stock | USD 1.88 0.17 8.29% |
| Symbol | LogicMark |
LogicMark Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 LogicMark. If investors know LogicMark 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 LogicMark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (206.75) | Revenue Per Share 5.212 | Quarterly Revenue Growth 0.004 | Return On Assets (0.23) | Return On Equity (0.80) |
The market value of LogicMark is measured differently than its book value, which is the value of LogicMark that is recorded on the company's balance sheet. Investors also form their own opinion of LogicMark's value that differs from its market value or its book value, called intrinsic value, which is LogicMark'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 LogicMark's market value can be influenced by many factors that don't directly affect LogicMark'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 LogicMark's value and its price as these two are different measures arrived at by different means. Investors typically determine if LogicMark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LogicMark'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.
LogicMark '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 LogicMark'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 LogicMark.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in LogicMark on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding LogicMark or generate 0.0% return on investment in LogicMark over 30 days. LogicMark is related to or competes with Knightscope, Bridger Aerospace, Iveda Solutions, Guardforce, Brinks, Allegion PLC, and Mistras. LogicMark, Inc. offers personal emergency response systems , health communications devices, and Internet of Things techn... More
LogicMark 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 LogicMark'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 LogicMark upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 71.81 | |||
| Value At Risk | (17.11) | |||
| Potential Upside | 19.35 |
LogicMark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LogicMark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LogicMark's standard deviation. In reality, there are many statistical measures that can use LogicMark historical prices to predict the future LogicMark's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (2.38) | |||
| Treynor Ratio | 0.2001 |
LogicMark Backtested Returns
LogicMark has Sharpe Ratio of -0.0307, which conveys that the firm had a -0.0307% return per unit of risk over the last 3 months. LogicMark exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LogicMark's Mean Deviation of 8.97, standard deviation of 11.91, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -2.53, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning LogicMark are expected to decrease by larger amounts. On the other hand, during market turmoil, LogicMark is expected to outperform it. At this point, LogicMark has a negative expected return of -0.37%. Please make sure to verify LogicMark's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if LogicMark performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
LogicMark has insignificant predictability. Overlapping area represents the amount of predictability between LogicMark time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 LogicMark price movement. The serial correlation of 0.11 indicates that less than 11.0% of current LogicMark price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
LogicMark lagged returns against current returns
Autocorrelation, which is LogicMark 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 LogicMark's stock expected returns. We can calculate the autocorrelation of LogicMark returns to help us make a trade decision. For example, suppose you find that LogicMark 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 |
LogicMark 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 LogicMark stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LogicMark stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LogicMark stock over time.
Current vs Lagged Prices |
| Timeline |
LogicMark Lagged Returns
When evaluating LogicMark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LogicMark stock have on its future price. LogicMark 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, LogicMark autocorrelation shows the relationship between LogicMark stock current value and its past values and can show if there is a momentum factor associated with investing in LogicMark.
Regressed Prices |
| Timeline |
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LogicMark 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.