La Z Boy Incorporated Stock Market Value
| LZB Stock | USD 43.62 0.22 0.51% |
| Symbol | LZB |
La Z Boy Price To Book Ratio
Is Household Durables 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 La Z. If investors know LZB 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 La Z 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 (0.03) | Earnings Share 2.9 | Revenue Per Share 48.399 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0521 |
The market value of La Z Boy is measured differently than its book value, which is the value of LZB that is recorded on the company's balance sheet. Investors also form their own opinion of La Z's value that differs from its market value or its book value, called intrinsic value, which is La Z'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 La Z's market value can be influenced by many factors that don't directly affect La Z'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 La Z's value and its price as these two are different measures arrived at by different means. Investors typically determine if La Z is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, La Z'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.
La Z '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 La Z'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 La Z.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in La Z on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding La Z Boy Incorporated or generate 0.0% return on investment in La Z over 30 days. La Z is related to or competes with Flexsteel Industries, Crown Crafts, Bassett Furniture, Hamilton Beach, and MasterBrand. La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, a... More
La Z 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 La Z'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 La Z Boy Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 3.19 |
La Z Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for La Z's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as La Z's standard deviation. In reality, there are many statistical measures that can use La Z historical prices to predict the future La Z's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0127 | |||
| Treynor Ratio | 0.1312 |
La Z Boy Backtested Returns
At this point, La Z is very steady. La Z Boy retains Efficiency (Sharpe Ratio) of 0.0674, which conveys that the firm had a 0.0674% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for La Z, which you can use to evaluate the volatility of the firm. Please verify La Z's Mean Deviation of 1.35, market risk adjusted performance of 0.1412, and Standard Deviation of 1.8 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. La Z has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.93, which conveys possible diversification benefits within a given portfolio. La Z returns are very sensitive to returns on the market. As the market goes up or down, La Z is expected to follow. La Z Boy at this moment owns a risk of 1.72%. Please verify La Z Boy Incorporated potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if La Z Boy Incorporated will be following its current price history.
Auto-correlation | 0.27 |
Poor predictability
La Z Boy Incorporated has poor predictability. Overlapping area represents the amount of predictability between La Z 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 La Z Boy price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current La Z price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
La Z Boy lagged returns against current returns
Autocorrelation, which is La Z 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 La Z's stock expected returns. We can calculate the autocorrelation of La Z returns to help us make a trade decision. For example, suppose you find that La Z 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 |
La Z 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 La Z stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if La Z stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in La Z stock over time.
Current vs Lagged Prices |
| Timeline |
La Z Lagged Returns
When evaluating La Z's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of La Z stock have on its future price. La Z 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, La Z autocorrelation shows the relationship between La Z stock current value and its past values and can show if there is a momentum factor associated with investing in La Z Boy 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 La Z Boy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of La Z's 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 La Z Boy Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on La Z Boy Incorporated Stock:Check out La Z Correlation, La Z Volatility and La Z Alpha and Beta module to complement your research on La Z. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
La Z 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.