Lyft Inc Stock Market Value
| LYFT Stock | USD 16.79 0.50 3.07% |
| Symbol | LYFT |
LYFT Inc Price To Book Ratio
Is Passenger Ground Transportation 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 LYFT. If investors know LYFT 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 LYFT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.16) | Revenue Per Share 13.511 | Quarterly Revenue Growth 0.315 | Return On Assets (0.02) | Return On Equity (0.12) |
The market value of LYFT Inc is measured differently than its book value, which is the value of LYFT that is recorded on the company's balance sheet. Investors also form their own opinion of LYFT's value that differs from its market value or its book value, called intrinsic value, which is LYFT'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 LYFT's market value can be influenced by many factors that don't directly affect LYFT'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 LYFT's value and its price as these two are different measures arrived at by different means. Investors typically determine if LYFT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LYFT'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.
LYFT '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 LYFT'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 LYFT.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in LYFT on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding LYFT Inc or generate 0.0% return on investment in LYFT over 30 days. LYFT is related to or competes with Manhattan Associates, Paycom Soft, Clearwater Analytics, Procore Technologies, Alkami Technology, Appfolio, and Agilysys. Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada More
LYFT 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 LYFT'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 LYFT Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.1197 | |||
| Maximum Drawdown | 27.37 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.88 |
LYFT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LYFT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LYFT's standard deviation. In reality, there are many statistical measures that can use LYFT historical prices to predict the future LYFT's volatility.| Risk Adjusted Performance | 0.1209 | |||
| Jensen Alpha | 0.4303 | |||
| Total Risk Alpha | 0.0578 | |||
| Sortino Ratio | 0.1996 | |||
| Treynor Ratio | 0.4236 |
LYFT Inc Backtested Returns
LYFT appears to be somewhat reliable, given 3 months investment horizon. LYFT Inc has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting LYFT's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise LYFT's mean deviation of 2.39, and Risk Adjusted Performance of 0.1209 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LYFT holds a performance score of 11. The company secures a Beta (Market Risk) of 1.33, 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, LYFT will likely underperform. Please check LYFT's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether LYFT's current price movements will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
LYFT Inc has modest reverse predictability. Overlapping area represents the amount of predictability between LYFT 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 LYFT Inc price movement. The serial correlation of -0.42 indicates that just about 42.0% of current LYFT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
LYFT Inc lagged returns against current returns
Autocorrelation, which is LYFT 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 LYFT's stock expected returns. We can calculate the autocorrelation of LYFT returns to help us make a trade decision. For example, suppose you find that LYFT 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 |
LYFT 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 LYFT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LYFT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LYFT stock over time.
Current vs Lagged Prices |
| Timeline |
LYFT Lagged Returns
When evaluating LYFT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LYFT stock have on its future price. LYFT 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, LYFT autocorrelation shows the relationship between LYFT stock current value and its past values and can show if there is a momentum factor associated with investing in LYFT Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for LYFT Stock Analysis
When running LYFT's price analysis, check to measure LYFT'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 LYFT is operating at the current time. Most of LYFT's value examination focuses on studying past and present price action to predict the probability of LYFT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LYFT's price. Additionally, you may evaluate how the addition of LYFT to your portfolios can decrease your overall portfolio volatility.