Luna Innovations Incorporated Stock Market Value
| LUNA Stock | USD 1.78 0.04 2.20% |
| Symbol | Luna |
Luna Innovations 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 Luna Innovations. If investors know Luna 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 Luna Innovations 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 (0.68) | Earnings Share (0.03) | Revenue Per Share 3.487 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0055 |
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' 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 Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' 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 Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luna Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' 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.
Luna Innovations '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 Luna Innovations' 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 Luna Innovations.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Luna Innovations on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Luna Innovations Incorporated or generate 0.0% return on investment in Luna Innovations over 30 days. Luna Innovations is related to or competes with ESCO Technologies, Know Labs, Focus Universal, Sono Tek, Mesa Laboratories, Novanta, and Fortive Corp. Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products wo... More
Luna Innovations 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 Luna Innovations' 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 Luna Innovations Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 27.75 | |||
| Value At Risk | (9.36) | |||
| Potential Upside | 8.38 |
Luna Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luna Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luna Innovations' standard deviation. In reality, there are many statistical measures that can use Luna Innovations historical prices to predict the future Luna Innovations' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.18) |
Luna Innovations Backtested Returns
Luna Innovations has Sharpe Ratio of -0.0602, which conveys that the firm had a -0.0602% return per unit of risk over the last 3 months. Luna Innovations exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luna Innovations' Mean Deviation of 3.91, risk adjusted performance of (0.03), and Standard Deviation of 5.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.68, 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, Luna Innovations will likely underperform. At this point, Luna Innovations has a negative expected return of -0.34%. Please make sure to verify Luna Innovations' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Luna Innovations performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Luna Innovations Incorporated has modest predictability. Overlapping area represents the amount of predictability between Luna Innovations 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 Luna Innovations price movement. The serial correlation of 0.51 indicates that about 51.0% of current Luna Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Luna Innovations lagged returns against current returns
Autocorrelation, which is Luna Innovations 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 Luna Innovations' stock expected returns. We can calculate the autocorrelation of Luna Innovations returns to help us make a trade decision. For example, suppose you find that Luna Innovations 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 |
Luna Innovations 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 Luna Innovations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luna Innovations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luna Innovations stock over time.
Current vs Lagged Prices |
| Timeline |
Luna Innovations Lagged Returns
When evaluating Luna Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luna Innovations stock have on its future price. Luna Innovations 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, Luna Innovations autocorrelation shows the relationship between Luna Innovations stock current value and its past values and can show if there is a momentum factor associated with investing in Luna Innovations Incorporated.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Luna Innovations offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Luna Innovations' 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 Luna Innovations Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Luna Innovations Incorporated Stock:Check out Luna Innovations Correlation, Luna Innovations Volatility and Luna Innovations Alpha and Beta module to complement your research on Luna Innovations. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Luna Innovations 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.