LEGGETT PLATT INC Market Value
| 524660AY3 | 94.11 1.04 1.09% |
| Symbol | LEGGETT |
LEGGETT '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's bond 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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in LEGGETT on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding LEGGETT PLATT INC or generate 0.0% return on investment in LEGGETT over 180 days. LEGGETT is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
LEGGETT 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's bond 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 INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.74 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 0.9802 |
LEGGETT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LEGGETT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEGGETT's standard deviation. In reality, there are many statistical measures that can use LEGGETT historical prices to predict the future LEGGETT's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.3679 |
LEGGETT PLATT INC Backtested Returns
LEGGETT PLATT INC has Sharpe Ratio of -0.0455, which conveys that the entity had a -0.0455% return per unit of risk over the last 3 months. LEGGETT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEGGETT's risk adjusted performance of (0), and Mean Deviation of 0.5268 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0579, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LEGGETT are expected to decrease at a much lower rate. During the bear market, LEGGETT is likely to outperform the market.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
LEGGETT PLATT INC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LEGGETT time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 INC price movement. The serial correlation of -0.73 indicates that around 73.0% of current LEGGETT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
LEGGETT PLATT INC lagged returns against current returns
Autocorrelation, which is LEGGETT bond'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's bond expected returns. We can calculate the autocorrelation of LEGGETT returns to help us make a trade decision. For example, suppose you find that LEGGETT has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEGGETT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEGGETT bond over time.
Current vs Lagged Prices |
| Timeline |
LEGGETT Lagged Returns
When evaluating LEGGETT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEGGETT bond have on its future price. LEGGETT 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 autocorrelation shows the relationship between LEGGETT bond current value and its past values and can show if there is a momentum factor associated with investing in LEGGETT PLATT INC.
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.Other Information on Investing in LEGGETT Bond
LEGGETT financial ratios help investors to determine whether LEGGETT Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LEGGETT with respect to the benefits of owning LEGGETT security.