L3harris Technologies Stock Market Value
| LHX Stock | USD 246.60 2.24 0.92% |
| Symbol | L3Harris |
L3Harris Technologies Price To Book Ratio
Is Aerospace & Defense 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 0.04 | Dividend Share 4.62 | Earnings Share 6.33 | Revenue Per Share 111.464 | Quarterly Revenue Growth 0.077 |
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if L3Harris Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.
L3Harris Technologies '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 L3Harris Technologies' 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 L3Harris Technologies.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in L3Harris Technologies on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding L3Harris Technologies or generate 0.0% return on investment in L3Harris Technologies over 720 days. L3Harris Technologies is related to or competes with Lockheed Martin, General Dynamics, Raytheon Technologies, Huntington Ingalls, Northrop Grumman, Boeing, and Curtiss Wright. L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for govern... More
L3Harris Technologies 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 L3Harris Technologies' 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 L3Harris Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.19 |
L3Harris Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for L3Harris Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as L3Harris Technologies' standard deviation. In reality, there are many statistical measures that can use L3Harris Technologies historical prices to predict the future L3Harris Technologies' volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.0546 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0162 | |||
| Treynor Ratio | 0.1746 |
L3Harris Technologies Backtested Returns
At this stage we consider L3Harris Stock to be very steady. L3Harris Technologies has Sharpe Ratio of 0.0987, which conveys that the company had a 0.0987% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for L3Harris Technologies, which you can use to evaluate the volatility of the entity. Please verify L3Harris Technologies' Downside Deviation of 1.32, mean deviation of 0.9105, and Semi Deviation of 1.17 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. L3Harris Technologies has a performance score of 7 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, L3Harris Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding L3Harris Technologies is expected to be smaller as well. L3Harris Technologies at this moment secures a risk of 1.3%. Please verify L3Harris Technologies treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if L3Harris Technologies will be following its current price movements.
Auto-correlation | -0.69 |
Very good reverse predictability
L3Harris Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between L3Harris Technologies time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 L3Harris Technologies price movement. The serial correlation of -0.69 indicates that around 69.0% of current L3Harris Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 267.19 |
L3Harris Technologies lagged returns against current returns
Autocorrelation, which is L3Harris Technologies 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 L3Harris Technologies' stock expected returns. We can calculate the autocorrelation of L3Harris Technologies returns to help us make a trade decision. For example, suppose you find that L3Harris Technologies 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 |
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L3Harris Technologies 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 L3Harris Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if L3Harris Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in L3Harris Technologies stock over time.
Current vs Lagged Prices |
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L3Harris Technologies Lagged Returns
When evaluating L3Harris Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of L3Harris Technologies stock have on its future price. L3Harris Technologies 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, L3Harris Technologies autocorrelation shows the relationship between L3Harris Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in L3Harris Technologies.
Regressed Prices |
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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 L3Harris Stock Analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' 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 L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.