Legacy Housing Corp Stock Alpha and Beta Analysis
| LEGH Stock | USD 25.95 0.23 0.88% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Legacy Housing Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Legacy Housing over a specified time horizon. Remember, high Legacy Housing's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Legacy Housing's market risk premium analysis include:
Beta 1.65 | Alpha (0.22) | Risk 1.86 | Sharpe Ratio 0.0179 | Expected Return 0.0333 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Legacy |
Legacy Housing Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Legacy Housing market risk premium is the additional return an investor will receive from holding Legacy Housing long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Legacy Housing. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Legacy Housing's performance over market.| α | -0.22 | β | 1.65 |
Legacy Housing expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Legacy Housing's Buy-and-hold return. Our buy-and-hold chart shows how Legacy Housing performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Legacy Housing Market Price Analysis
Market price analysis indicators help investors to evaluate how Legacy Housing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legacy Housing shares will generate the highest return on investment. By understating and applying Legacy Housing stock market price indicators, traders can identify Legacy Housing position entry and exit signals to maximize returns.
Legacy Housing Return and Market Media
The median price of Legacy Housing for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 26.48 with a coefficient of variation of 3.45. The daily time series for the period is distributed with a sample standard deviation of 0.92, arithmetic mean of 26.5, and mean deviation of 0.78. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 11442 shares by Curtis Hodgson of Legacy Housing at 28.01 subject to Rule 16b-3 | 09/16/2024 |
2 | Disposition of 14420 shares by Curtis Hodgson of Legacy Housing at 27.96 subject to Rule 16b-3 | 09/23/2024 |
3 | Disposition of 1060 shares by Curtis Hodgson of Legacy Housing at 27.74 subject to Rule 16b-3 | 09/26/2024 |
4 | Disposition of 17300 shares by Curtis Hodgson of Legacy Housing at 27.27 subject to Rule 16b-3 | 09/30/2024 |
5 | Disposition of 499 shares by Curtis Hodgson of Legacy Housing at 26.27 subject to Rule 16b-3 | 10/07/2024 |
6 | Disposition of 2333 shares by Curtis Hodgson of Legacy Housing at 26.27 subject to Rule 16b-3 | 10/08/2024 |
7 | Disposition of 5288 shares by Curtis Hodgson of Legacy Housing at 26.29 subject to Rule 16b-3 | 10/09/2024 |
8 | Disposition of 34000 shares by Shipley Douglas M of Legacy Housing at 24.4 subject to Rule 16b-3 | 10/11/2024 |
9 | Legacy housing chairman Curtis Hodgson sells 698k in stock | 10/15/2024 |
10 | Disposition of 1300 shares by Curtis Hodgson of Legacy Housing at 27.02 subject to Rule 16b-3 | 10/21/2024 |
11 | Disposition of 17300 shares by Curtis Hodgson of Legacy Housing at 25.2 subject to Rule 16b-3 | 10/28/2024 |
12 | Disposition of 7700 shares by Curtis Hodgson of Legacy Housing at 25.57 subject to Rule 16b-3 | 11/04/2024 |
13 | Countdown to Legacy Housing Q3 Earnings Wall Street Forecasts for Key Metrics | 11/08/2024 |
14 | Disposition of 16268 shares by Curtis Hodgson of Legacy Housing at 27.52 subject to Rule 16b-3 | 11/11/2024 |
15 | Legacy Housing GAAP EPS of 0.65 beats by 0.05, revenue of 44.3M misses by 3.72M | 11/12/2024 |
16 | Disposition of 500 shares by Curtis Hodgson of Legacy Housing at 27.31 subject to Rule 16b-3 | 11/13/2024 |
17 | Legacy Housing Corp Q3 2024 Earnings EPS of 0. ... | 11/14/2024 |
18 | Legacy Housing Corporation Beat Analyst Estimates See What The Consensus Is Forecasting For Next Year | 11/15/2024 |
19 | Legacy Housing appoints new independent director | 11/18/2024 |
20 | Legacy Housing chairman Curtis Hodgson sells 153,600 in stock | 11/21/2024 |
About Legacy Housing Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Legacy or other stocks. Alpha measures the amount that position in Legacy Housing Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0551 | 0.0359 | Price To Sales Ratio | 3.25 | 1.86 |
Legacy Housing Upcoming Company Events
As portrayed in its financial statements, the presentation of Legacy Housing's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Legacy Housing's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Legacy Housing's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Legacy Housing. Please utilize our Beneish M Score to check the likelihood of Legacy Housing's management manipulating its earnings.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Legacy Housing
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Legacy Housing Backtesting, Legacy Housing Valuation, Legacy Housing Correlation, Legacy Housing Hype Analysis, Legacy Housing Volatility, Legacy Housing History and analyze Legacy Housing Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Legacy Housing 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.