Light Management Group Stock Market Value
| LMGR Stock | USD 0.0001 0.00 0.00% |
| Symbol | Light |
Light Management Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Light Management. If investors know Light 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 Light Management 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 Light Management is measured differently than its book value, which is the value of Light that is recorded on the company's balance sheet. Investors also form their own opinion of Light Management's value that differs from its market value or its book value, called intrinsic value, which is Light Management'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 Light Management's market value can be influenced by many factors that don't directly affect Light Management'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 Light Management's value and its price as these two are different measures arrived at by different means. Investors typically determine if Light Management is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Light Management'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.
Light Management '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 Light Management'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 Light Management.
| 01/04/2024 |
| 12/24/2025 |
If you would invest 0.00 in Light Management on January 4, 2024 and sell it all today you would earn a total of 0.00 from holding Light Management Group or generate 0.0% return on investment in Light Management over 720 days. Light Management is related to or competes with BK Technologies, Microvision, Turtle Beach, AudioCodes, Aviat Networks, Conduent, and Rimini Street. Light Management Group, Inc., through its subsidiaries, develops new applications for optical and light technologies More
Light Management 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 Light Management'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 Light Management Group upside and downside potential and time the market with a certain degree of confidence.
Light Management Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Light Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Light Management's standard deviation. In reality, there are many statistical measures that can use Light Management historical prices to predict the future Light Management's volatility.Light Management Backtested Returns
We have found three technical indicators for Light Management, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Light Management are completely uncorrelated.
Auto-correlation | 0.22 |
Weak predictability
Light Management Group has weak predictability. Overlapping area represents the amount of predictability between Light Management time series from 4th of January 2024 to 29th of December 2024 and 29th of December 2024 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Light Management price movement. The serial correlation of 0.22 indicates that over 22.0% of current Light Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Light Management lagged returns against current returns
Autocorrelation, which is Light Management 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 Light Management's stock expected returns. We can calculate the autocorrelation of Light Management returns to help us make a trade decision. For example, suppose you find that Light Management 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 |
Light Management 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 Light Management stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Light Management stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Light Management stock over time.
Current vs Lagged Prices |
| Timeline |
Light Management Lagged Returns
When evaluating Light Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Light Management stock have on its future price. Light Management 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, Light Management autocorrelation shows the relationship between Light Management stock current value and its past values and can show if there is a momentum factor associated with investing in Light Management Group.
Regressed Prices |
| Timeline |
Pair Trading with Light Management
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 Light Management 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 Light Management will appreciate offsetting losses from the drop in the long position's value.Moving against Light Stock
| 0.48 | KE | Kimball Electronics | PairCorr |
| 0.37 | MEI | Methode Electronics | PairCorr |
| 0.35 | IMTE | Integrated Media Tec | PairCorr |
The ability to find closely correlated positions to Light Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Light Management 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 Light Management - 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 Light Management Group to buy it.
The correlation of Light Management 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 Light Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Light Management 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 Light Management 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.Additional Tools for Light Stock Analysis
When running Light Management's price analysis, check to measure Light Management's 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 Light Management is operating at the current time. Most of Light Management's value examination focuses on studying past and present price action to predict the probability of Light Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light Management's price. Additionally, you may evaluate how the addition of Light Management to your portfolios can decrease your overall portfolio volatility.