Legal General's market value is the price at which a share of Legal General trades on a public exchange. It measures the collective expectations of Legal General UCITS investors about its performance. Legal General is trading at 105.24 as of the 18th of January 2025. This is a 0.40 percent increase since the beginning of the trading day. The etf's lowest day price was 105.24. With this module, you can estimate the performance of a buy and hold strategy of Legal General UCITS and determine expected loss or profit from investing in Legal General over a given investment horizon. Check out Legal General Correlation, Legal General Volatility and Legal General Alpha and Beta module to complement your research on Legal General.
Please note, there is a significant difference between Legal General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legal General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legal General'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.
Legal General '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 Legal General's etf 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 Legal General.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Legal General on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Legal General UCITS or generate 0.0% return on investment in Legal General over 30 days. Legal General is related to or competes with Legal General, and . The Fund is designed to track the performance of the Russell 2000 Index More
Legal General 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 Legal General's etf 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 Legal General UCITS upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legal General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legal General's standard deviation. In reality, there are many statistical measures that can use Legal General historical prices to predict the future Legal General's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legal General. Your research has to be compared to or analyzed against Legal General's peers to derive any actionable benefits. When done correctly, Legal General's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Legal General UCITS.
Legal General UCITS Backtested Returns
At this point, Legal General is very steady. Legal General UCITS has Sharpe Ratio of 0.0588, which conveys that the entity had a 0.0588% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Legal General, which you can use to evaluate the volatility of the etf. Please verify Legal General's Mean Deviation of 0.9841, downside deviation of 1.25, and Risk Adjusted Performance of 0.0539 to check out if the risk estimate we provide is consistent with the expected return of 0.0937%. The etf secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Legal General's returns are expected to increase less than the market. However, during the bear market, the loss of holding Legal General is expected to be smaller as well.
Auto-correlation
-0.77
Almost perfect reverse predictability
Legal General UCITS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Legal General time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Legal General UCITS price movement. The serial correlation of -0.77 indicates that around 77.0% of current Legal General price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
0.72
Legal General UCITS lagged returns against current returns
Autocorrelation, which is Legal General etf'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 Legal General's etf expected returns. We can calculate the autocorrelation of Legal General returns to help us make a trade decision. For example, suppose you find that Legal General has exhibited high autocorrelation historically, and you observe that the etf 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
Legal General 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 Legal General etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legal General etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legal General etf over time.
Current vs Lagged Prices
Timeline
Legal General Lagged Returns
When evaluating Legal General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legal General etf have on its future price. Legal General 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, Legal General autocorrelation shows the relationship between Legal General etf current value and its past values and can show if there is a momentum factor associated with investing in Legal General UCITS.
Legal General financial ratios help investors to determine whether Legal Etf 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 Legal with respect to the benefits of owning Legal General security.