Laboratory Of Stock Market Value
| LH Stock | USD 241.29 1.62 0.68% |
| Symbol | Laboratory |
Laboratory Price To Book Ratio
Is Health Care Providers & 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 Laboratory. If investors know Laboratory 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 Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 2.88 | Earnings Share 5.26 | Revenue Per Share 151.028 | Quarterly Revenue Growth 0.074 |
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory'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 Laboratory's market value can be influenced by many factors that don't directly affect Laboratory'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 Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory'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.
Laboratory '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 Laboratory'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 Laboratory.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Laboratory on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Laboratory of or generate 0.0% return on investment in Laboratory over 300 days. Laboratory is related to or competes with Quest Diagnostics, Waters, Universal Health, Humana, and Hologic. Laboratory Corporation of America Holdings operates as a global life sciences company that provides vital information to... More
Laboratory 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 Laboratory'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 Laboratory of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.09 |
Laboratory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laboratory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laboratory's standard deviation. In reality, there are many statistical measures that can use Laboratory historical prices to predict the future Laboratory's volatility.| Risk Adjusted Performance | 0.0515 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1088 |
Laboratory Backtested Returns
Laboratory is very steady at the moment. Laboratory has Sharpe Ratio of 0.0645, which conveys that the firm had a 0.0645% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Laboratory, which you can use to evaluate the volatility of the firm. Please verify Laboratory's Mean Deviation of 0.9273, downside deviation of 1.28, and Risk Adjusted Performance of 0.0515 to check out if the risk estimate we provide is consistent with the expected return of 0.0847%. Laboratory has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Laboratory's returns are expected to increase less than the market. However, during the bear market, the loss of holding Laboratory is expected to be smaller as well. Laboratory right now secures a risk of 1.31%. Please verify Laboratory of potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Laboratory of will be following its current price movements.
Auto-correlation | -0.52 |
Good reverse predictability
Laboratory of has good reverse predictability. Overlapping area represents the amount of predictability between Laboratory time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Laboratory price movement. The serial correlation of -0.52 indicates that about 52.0% of current Laboratory price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 115.52 |
Laboratory lagged returns against current returns
Autocorrelation, which is Laboratory 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 Laboratory's stock expected returns. We can calculate the autocorrelation of Laboratory returns to help us make a trade decision. For example, suppose you find that Laboratory 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 |
Laboratory 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 Laboratory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laboratory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laboratory stock over time.
Current vs Lagged Prices |
| Timeline |
Laboratory Lagged Returns
When evaluating Laboratory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laboratory stock have on its future price. Laboratory 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, Laboratory autocorrelation shows the relationship between Laboratory stock current value and its past values and can show if there is a momentum factor associated with investing in Laboratory of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Laboratory Correlation, Laboratory Volatility and Laboratory Alpha and Beta module to complement your research on Laboratory. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Laboratory 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.