Leggett Platt (Germany) Market Value
| LP1 Stock | EUR 11.79 0.04 0.34% |
| Symbol | Leggett |
Leggett Platt '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 Leggett Platt'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 Leggett Platt.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Leggett Platt on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Leggett Platt Incorporated or generate 0.0% return on investment in Leggett Platt over 30 days. Leggett Platt is related to or competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, Reliance Steel, and RYOHIN UNSPADR/1. Leggett Platt, Incorporated designs and produces various engineered components and products worldwide More
Leggett Platt 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 Leggett Platt'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 Leggett Platt Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.66 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 6.91 |
Leggett Platt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leggett Platt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leggett Platt's standard deviation. In reality, there are many statistical measures that can use Leggett Platt historical prices to predict the future Leggett Platt's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0602 |
Leggett Platt Backtested Returns
At this point, Leggett Platt is somewhat reliable. Leggett Platt has Sharpe Ratio of 0.0352, which conveys that the firm had a 0.0352% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Leggett Platt, which you can use to evaluate the volatility of the firm. Please verify Leggett Platt's Downside Deviation of 2.76, mean deviation of 2.42, and Risk Adjusted Performance of 0.0267 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Leggett Platt has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.22, 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, Leggett Platt will likely underperform. Leggett Platt right now secures a risk of 3.39%. Please verify Leggett Platt Incorporated information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Leggett Platt Incorporated will be following its current price movements.
Auto-correlation | 0.04 |
Virtually no predictability
Leggett Platt Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between Leggett Platt time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Leggett Platt price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Leggett Platt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Leggett Platt lagged returns against current returns
Autocorrelation, which is Leggett Platt 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 Leggett Platt's stock expected returns. We can calculate the autocorrelation of Leggett Platt returns to help us make a trade decision. For example, suppose you find that Leggett Platt 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 |
Leggett Platt 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 Leggett Platt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leggett Platt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leggett Platt stock over time.
Current vs Lagged Prices |
| Timeline |
Leggett Platt Lagged Returns
When evaluating Leggett Platt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leggett Platt stock have on its future price. Leggett Platt 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, Leggett Platt autocorrelation shows the relationship between Leggett Platt stock current value and its past values and can show if there is a momentum factor associated with investing in Leggett Platt Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Leggett Stock
When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:Check out Leggett Platt Correlation, Leggett Platt Volatility and Leggett Platt Alpha and Beta module to complement your research on Leggett Platt. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Leggett Platt 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.