Legacy Housing Corp Stock Probability of Future Stock Price Finishing Over 29.83
| LEGH Stock | USD 25.21 0.30 1.20% |
Legacy |
Legacy Housing Target Price Odds to finish over 29.83
The tendency of Legacy Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 29.83 or more in 90 days |
| 25.21 | 90 days | 29.83 | near 1 |
Based on a normal probability distribution, the odds of Legacy Housing to move over $ 29.83 or more in 90 days from now is near 1 (This Legacy Housing Corp probability density function shows the probability of Legacy Stock to fall within a particular range of prices over 90 days) . Probability of Legacy Housing Corp price to stay between its current price of $ 25.21 and $ 29.83 at the end of the 90-day period is about 83.02 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.36 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Legacy Housing will likely underperform. Additionally Legacy Housing Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Legacy Housing Price Density |
| Price |
Predictive Modules for Legacy Housing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legacy Housing Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Legacy Housing Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legacy Housing is not an exception. The market had few large corrections towards the Legacy Housing's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Legacy Housing Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legacy Housing within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | 1.36 | |
σ | Overall volatility | 0.89 | |
Ir | Information ratio | -0.12 |
Legacy Housing Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Legacy Housing for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legacy Housing Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legacy Housing Corp generated a negative expected return over the last 90 days | |
| Legacy Housing Corp currently holds about 14.27 M in cash with (13.54 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.58. | |
| Legacy Housing Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 56.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 17300 shares by Curtis Hodgson of Legacy Housing at 25.2 subject to Rule 16b-3 |
Legacy Housing Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Legacy Stock often depends not only on the future outlook of the current and potential Legacy Housing's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legacy Housing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.1 M | |
| Cash And Short Term Investments | 748 K |
Legacy Housing Technical Analysis
Legacy Housing's future price can be derived by breaking down and analyzing its technical indicators over time. Legacy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legacy Housing Corp. In general, you should focus on analyzing Legacy Stock price patterns and their correlations with different microeconomic environments and drivers.
Legacy Housing Predictive Forecast Models
Legacy Housing's time-series forecasting models is one of many Legacy Housing's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Legacy Housing's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Legacy Housing Corp
Checking the ongoing alerts about Legacy Housing for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legacy Housing Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legacy Housing Corp generated a negative expected return over the last 90 days | |
| Legacy Housing Corp currently holds about 14.27 M in cash with (13.54 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.58. | |
| Legacy Housing Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 56.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 17300 shares by Curtis Hodgson of Legacy Housing at 25.2 subject to Rule 16b-3 |
Check out Legacy Housing Backtesting, Legacy Housing Valuation, Legacy Housing Correlation, Legacy Housing Hype Analysis, Legacy Housing Volatility, Legacy Housing History as well as Legacy Housing Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.18 | Revenue Per Share 6.744 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0711 | Return On Equity 0.1193 |
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.