Livanova Plc Stock Market Value
| LIVN Stock | USD 51.32 0.38 0.74% |
| Symbol | LivaNova |
LivaNova PLC Price To Book Ratio
Is Health Care Equipment & Supplies 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 LivaNova PLC. If investors know LivaNova 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 LivaNova PLC 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 14 | Earnings Share 0.43 | Revenue Per Share 22.907 | Quarterly Revenue Growth 0.112 | Return On Assets 0.0434 |
The market value of LivaNova PLC is measured differently than its book value, which is the value of LivaNova that is recorded on the company's balance sheet. Investors also form their own opinion of LivaNova PLC's value that differs from its market value or its book value, called intrinsic value, which is LivaNova PLC'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 LivaNova PLC's market value can be influenced by many factors that don't directly affect LivaNova PLC'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 LivaNova PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if LivaNova PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LivaNova PLC'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.
LivaNova PLC '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 LivaNova PLC'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 LivaNova PLC.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in LivaNova PLC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding LivaNova PLC or generate 0.0% return on investment in LivaNova PLC over 30 days. LivaNova PLC is related to or competes with Orthopediatrics Corp, Pulmonx Corp, Si Bone, Neuropace, Globus Medical, Orthofix Medical, and CONMED. LivaNova PLC, a medical device company, designs, develops, manufactures, and sells therapeutic solutions worldwide More
LivaNova PLC 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 LivaNova PLC'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 LivaNova PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0417 | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.73 |
LivaNova PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LivaNova PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LivaNova PLC's standard deviation. In reality, there are many statistical measures that can use LivaNova PLC historical prices to predict the future LivaNova PLC's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 0.0701 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | 0.1677 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LivaNova PLC'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.
LivaNova PLC Backtested Returns
As of now, LivaNova Stock is very steady. LivaNova PLC has Sharpe Ratio of 0.0933, which conveys that the firm had a 0.0933% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for LivaNova PLC, which you can use to evaluate the volatility of the firm. Please verify LivaNova PLC's Risk Adjusted Performance of 0.0852, downside deviation of 1.77, and Mean Deviation of 1.2 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. LivaNova PLC has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.03, which conveys a somewhat significant risk relative to the market. LivaNova PLC returns are very sensitive to returns on the market. As the market goes up or down, LivaNova PLC is expected to follow. LivaNova PLC right now secures a risk of 1.77%. Please verify LivaNova PLC downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if LivaNova PLC will be following its current price movements.
Auto-correlation | 0.58 |
Modest predictability
LivaNova PLC has modest predictability. Overlapping area represents the amount of predictability between LivaNova PLC time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 LivaNova PLC price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current LivaNova PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
LivaNova PLC lagged returns against current returns
Autocorrelation, which is LivaNova PLC 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 LivaNova PLC's stock expected returns. We can calculate the autocorrelation of LivaNova PLC returns to help us make a trade decision. For example, suppose you find that LivaNova PLC 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 |
LivaNova PLC 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 LivaNova PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LivaNova PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LivaNova PLC stock over time.
Current vs Lagged Prices |
| Timeline |
LivaNova PLC Lagged Returns
When evaluating LivaNova PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LivaNova PLC stock have on its future price. LivaNova PLC 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, LivaNova PLC autocorrelation shows the relationship between LivaNova PLC stock current value and its past values and can show if there is a momentum factor associated with investing in LivaNova PLC.
Regressed Prices |
| Timeline |
Pair Trading with LivaNova PLC
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 LivaNova PLC 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 LivaNova PLC will appreciate offsetting losses from the drop in the long position's value.Moving against LivaNova Stock
| 0.77 | IVP | Inspire Veterinary | PairCorr |
| 0.75 | FORA | Forian Inc | PairCorr |
| 0.56 | AMN | AMN Healthcare Services | PairCorr |
| 0.49 | AGL | agilon health | PairCorr |
| 0.46 | EVH | Evolent Health | PairCorr |
The ability to find closely correlated positions to LivaNova PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LivaNova PLC 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 LivaNova PLC - 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 LivaNova PLC to buy it.
The correlation of LivaNova PLC 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 LivaNova PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LivaNova PLC 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 LivaNova PLC 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 LivaNova PLC Correlation, LivaNova PLC Volatility and LivaNova PLC Alpha and Beta module to complement your research on LivaNova PLC. To learn how to invest in LivaNova Stock, please use our How to Invest in LivaNova PLC guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
LivaNova PLC 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.