Lightpath Technologies Stock Market Value
| LPTH Stock | USD 1.49 0.01 0.67% |
| Symbol | LightPath |
LightPath Technologies 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 LightPath Technologies. If investors know LightPath 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 LightPath 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 49.113 | Earnings Share (0.21) | Revenue Per Share 0.833 | Quarterly Revenue Growth 0.04 | Return On Assets (0.09) |
The market value of LightPath Technologies is measured differently than its book value, which is the value of LightPath that is recorded on the company's balance sheet. Investors also form their own opinion of LightPath Technologies' value that differs from its market value or its book value, called intrinsic value, which is LightPath 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 LightPath Technologies' market value can be influenced by many factors that don't directly affect LightPath 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 LightPath Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if LightPath Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LightPath 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.
LightPath 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 LightPath 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 LightPath Technologies.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in LightPath Technologies on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding LightPath Technologies or generate 0.0% return on investment in LightPath Technologies over 270 days. LightPath Technologies is related to or competes with Methode Electronics, OSI Systems, Plexus Corp, CTS, Benchmark Electronics, LSI Industries, and Bel Fuse. LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies More
LightPath 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 LightPath 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 LightPath Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.0327 | |||
| Maximum Drawdown | 18.28 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 7.3 |
LightPath Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LightPath Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LightPath Technologies' standard deviation. In reality, there are many statistical measures that can use LightPath Technologies historical prices to predict the future LightPath Technologies' volatility.| Risk Adjusted Performance | 0.0596 | |||
| Jensen Alpha | 0.1756 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | 0.4299 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LightPath Technologies' 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.
LightPath Technologies Backtested Returns
LightPath Technologies appears to be very risky, given 3 months investment horizon. LightPath Technologies has Sharpe Ratio of 0.0657, which conveys that the firm had a 0.0657% return per unit of risk over the last 3 months. We have found thirty technical indicators for LightPath Technologies, which you can use to evaluate the volatility of the firm. Please exercise LightPath Technologies' Mean Deviation of 2.83, risk adjusted performance of 0.0596, and Downside Deviation of 3.89 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LightPath Technologies holds a performance score of 5. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LightPath Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding LightPath Technologies is expected to be smaller as well. Please check LightPath Technologies' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether LightPath Technologies' current price movements will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
LightPath Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LightPath Technologies time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 LightPath Technologies price movement. The serial correlation of -0.75 indicates that around 75.0% of current LightPath Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LightPath Technologies lagged returns against current returns
Autocorrelation, which is LightPath 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 LightPath Technologies' stock expected returns. We can calculate the autocorrelation of LightPath Technologies returns to help us make a trade decision. For example, suppose you find that LightPath 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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LightPath 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 LightPath Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LightPath Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LightPath Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
LightPath Technologies Lagged Returns
When evaluating LightPath Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LightPath Technologies stock have on its future price. LightPath 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, LightPath Technologies autocorrelation shows the relationship between LightPath Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in LightPath Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether LightPath Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LightPath Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lightpath Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lightpath Technologies Stock:Check out LightPath Technologies Correlation, LightPath Technologies Volatility and LightPath Technologies Alpha and Beta module to complement your research on LightPath Technologies. For more detail on how to invest in LightPath Stock please use our How to Invest in LightPath Technologies guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
LightPath Technologies 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.