Legence Corp Class Stock Market Value
| LGN Stock | 49.59 3.28 7.08% |
| Symbol | Legence |
Legence Corp Class Company Valuation
Is Engineering & Construction 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 Legence Corp. If investors know Legence 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 Legence Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.84) | Quarterly Revenue Growth 0.15 |
The market value of Legence Corp Class is measured differently than its book value, which is the value of Legence that is recorded on the company's balance sheet. Investors also form their own opinion of Legence Corp's value that differs from its market value or its book value, called intrinsic value, which is Legence Corp'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 Legence Corp's market value can be influenced by many factors that don't directly affect Legence Corp'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 Legence Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legence Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legence Corp'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.
Legence Corp '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 Legence Corp'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 Legence Corp.
| 12/20/2025 |
| 01/19/2026 |
If you would invest 0.00 in Legence Corp on December 20, 2025 and sell it all today you would earn a total of 0.00 from holding Legence Corp Class or generate 0.0% return on investment in Legence Corp over 30 days. Legence Corp is related to or competes with Hillman Solutions, Willdan, LegalZoom, V2X, Gibraltar Industries, Pitney Bowes, and Insperity. Legence Corp is entity of United States. It is traded as Stock on NASDAQ exchange. More
Legence Corp 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 Legence Corp'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 Legence Corp Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.59 | |||
| Information Ratio | 0.1394 | |||
| Maximum Drawdown | 30.77 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 7.55 |
Legence Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legence Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legence Corp's standard deviation. In reality, there are many statistical measures that can use Legence Corp historical prices to predict the future Legence Corp's volatility.| Risk Adjusted Performance | 0.1189 | |||
| Jensen Alpha | 0.6953 | |||
| Total Risk Alpha | 0.1363 | |||
| Sortino Ratio | 0.1542 | |||
| Treynor Ratio | 0.6996 |
Legence Corp Class Backtested Returns
Legence Corp appears to be not too volatile, given 3 months investment horizon. Legence Corp Class has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. By analyzing Legence Corp's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please exercise Legence Corp's Downside Deviation of 4.59, risk adjusted performance of 0.1189, and Mean Deviation of 3.57 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Legence Corp holds a performance score of 10. The company secures a Beta (Market Risk) of 1.14, which conveys a somewhat significant risk relative to the market. Legence Corp returns are very sensitive to returns on the market. As the market goes up or down, Legence Corp is expected to follow. Please check Legence Corp's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Legence Corp's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Legence Corp Class has very weak reverse predictability. Overlapping area represents the amount of predictability between Legence Corp time series from 20th of December 2025 to 4th of January 2026 and 4th of January 2026 to 19th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Legence Corp Class price movement. The serial correlation of -0.03 indicates that only 3.0% of current Legence Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.73 |
Legence Corp Class lagged returns against current returns
Autocorrelation, which is Legence Corp 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 Legence Corp's stock expected returns. We can calculate the autocorrelation of Legence Corp returns to help us make a trade decision. For example, suppose you find that Legence Corp 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 |
Legence Corp 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 Legence Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legence Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legence Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Legence Corp Lagged Returns
When evaluating Legence Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legence Corp stock have on its future price. Legence Corp 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, Legence Corp autocorrelation shows the relationship between Legence Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Legence Corp Class.
Regressed Prices |
| Timeline |
Pair Trading with Legence Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Legence Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Legence Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Legence Stock
Moving against Legence Stock
The ability to find closely correlated positions to Legence Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legence Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Legence Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Legence Corp Class to buy it.
The correlation of Legence Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Legence Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legence Corp Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Legence Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Legence Corp Correlation, Legence Corp Volatility and Legence Corp Alpha and Beta module to complement your research on Legence Corp. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Legence Corp 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.