Legato Merger Ii Stock Market Value
| LGTO Stock | USD 3.21 0.18 5.94% |
| Symbol | Legato |
Legato Merger II Price To Book Ratio
Is Construction & Engineering 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 Legato Merger. If investors know Legato 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 Legato Merger 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 Legato Merger II is measured differently than its book value, which is the value of Legato that is recorded on the company's balance sheet. Investors also form their own opinion of Legato Merger's value that differs from its market value or its book value, called intrinsic value, which is Legato Merger'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 Legato Merger's market value can be influenced by many factors that don't directly affect Legato Merger'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 Legato Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legato Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legato Merger'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.
Legato Merger '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 Legato Merger'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 Legato Merger.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Legato Merger on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Legato Merger II or generate 0.0% return on investment in Legato Merger over 30 days. Legato Merger is related to or competes with LB Foster, Pearson PLC, Udemy, Scholastic, Daily Journal, Yuexiu Transport, and Lincoln Educational. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganizat... More
Legato Merger 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 Legato Merger'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 Legato Merger II upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 39.26 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 8.04 |
Legato Merger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legato Merger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legato Merger's standard deviation. In reality, there are many statistical measures that can use Legato Merger historical prices to predict the future Legato Merger's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Legato Merger'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.
Legato Merger II Backtested Returns
Legato Merger II has Sharpe Ratio of -0.0354, which conveys that the firm had a -0.0354% return per unit of risk over the last 3 months. Legato Merger exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legato Merger's Standard Deviation of 5.82, risk adjusted performance of (0.03), and Mean Deviation of 3.79 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.56, 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, Legato Merger will likely underperform. At this point, Legato Merger II has a negative expected return of -0.21%. Please make sure to verify Legato Merger's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Legato Merger II performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Legato Merger II has insignificant reverse predictability. Overlapping area represents the amount of predictability between Legato Merger time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Legato Merger II price movement. The serial correlation of -0.2 indicates that over 20.0% of current Legato Merger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Legato Merger II lagged returns against current returns
Autocorrelation, which is Legato Merger 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 Legato Merger's stock expected returns. We can calculate the autocorrelation of Legato Merger returns to help us make a trade decision. For example, suppose you find that Legato Merger 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 |
Legato Merger 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 Legato Merger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legato Merger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legato Merger stock over time.
Current vs Lagged Prices |
| Timeline |
Legato Merger Lagged Returns
When evaluating Legato Merger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legato Merger stock have on its future price. Legato Merger 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, Legato Merger autocorrelation shows the relationship between Legato Merger stock current value and its past values and can show if there is a momentum factor associated with investing in Legato Merger II.
Regressed Prices |
| Timeline |
Pair Trading with Legato Merger
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 Legato Merger 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 Legato Merger will appreciate offsetting losses from the drop in the long position's value.Moving against Legato Stock
| 0.86 | AZ | A2Z Smart Technologies | PairCorr |
| 0.71 | CW | Curtiss Wright | PairCorr |
| 0.66 | R | Ryder System | PairCorr |
| 0.64 | CR | Crane Company | PairCorr |
| 0.62 | J | Jacobs Solutions | PairCorr |
The ability to find closely correlated positions to Legato Merger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legato Merger 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 Legato Merger - 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 Legato Merger II to buy it.
The correlation of Legato Merger 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 Legato Merger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legato Merger II 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 Legato Merger 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 Legato Merger Correlation, Legato Merger Volatility and Legato Merger Alpha and Beta module to complement your research on Legato Merger. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Legato Merger 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.