Lamar Advertising Stock Market Value
| LAMR Stock | USD 134.02 0.40 0.30% |
| Symbol | Lamar |
Lamar Advertising Price To Book Ratio
Is Other Specialized REITs 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 Lamar Advertising. If investors know Lamar 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 Lamar Advertising 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 0.051 | Dividend Share 5.25 | Earnings Share 5 | Revenue Per Share 21.414 | Quarterly Revenue Growth 0.043 |
The market value of Lamar Advertising is measured differently than its book value, which is the value of Lamar that is recorded on the company's balance sheet. Investors also form their own opinion of Lamar Advertising's value that differs from its market value or its book value, called intrinsic value, which is Lamar Advertising'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 Lamar Advertising's market value can be influenced by many factors that don't directly affect Lamar Advertising'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 Lamar Advertising's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lamar Advertising is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lamar Advertising'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.
Lamar Advertising '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 Lamar Advertising'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 Lamar Advertising.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Lamar Advertising on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Lamar Advertising or generate 0.0% return on investment in Lamar Advertising over 180 days. Lamar Advertising is related to or competes with Rayonier, Gaming Leisure, EPR Properties, AFC Gamma, Weyerhaeuser, Farmland Partners, and Gladstone Land. Founded in 1902, Lamar Advertising is one of the largest outdoor advertising companies in North America, with over 352,0... More
Lamar Advertising 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 Lamar Advertising'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 Lamar Advertising upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.94 |
Lamar Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lamar Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lamar Advertising's standard deviation. In reality, there are many statistical measures that can use Lamar Advertising historical prices to predict the future Lamar Advertising's volatility.| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 0.0929 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0171 | |||
| Treynor Ratio | 0.3432 |
Lamar Advertising Backtested Returns
Currently, Lamar Advertising is very steady. Lamar Advertising has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lamar Advertising, which you can use to evaluate the volatility of the firm. Please verify Lamar Advertising's Downside Deviation of 1.19, risk adjusted performance of 0.1062, and Mean Deviation of 0.8681 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Lamar Advertising has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lamar Advertising's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lamar Advertising is expected to be smaller as well. Lamar Advertising right now secures a risk of 1.18%. Please verify Lamar Advertising semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Lamar Advertising will be following its current price movements.
Auto-correlation | 0.39 |
Below average predictability
Lamar Advertising has below average predictability. Overlapping area represents the amount of predictability between Lamar Advertising time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Lamar Advertising price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Lamar Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 16.96 |
Lamar Advertising lagged returns against current returns
Autocorrelation, which is Lamar Advertising 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 Lamar Advertising's stock expected returns. We can calculate the autocorrelation of Lamar Advertising returns to help us make a trade decision. For example, suppose you find that Lamar Advertising 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 |
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Lamar Advertising 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 Lamar Advertising stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lamar Advertising stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lamar Advertising stock over time.
Current vs Lagged Prices |
| Timeline |
Lamar Advertising Lagged Returns
When evaluating Lamar Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lamar Advertising stock have on its future price. Lamar Advertising 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, Lamar Advertising autocorrelation shows the relationship between Lamar Advertising stock current value and its past values and can show if there is a momentum factor associated with investing in Lamar Advertising.
Regressed Prices |
| Timeline |
Pair Trading with Lamar Advertising
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lamar Advertising position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lamar Advertising will appreciate offsetting losses from the drop in the long position's value.Moving against Lamar Stock
The ability to find closely correlated positions to Lamar Advertising could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lamar Advertising when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lamar Advertising - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lamar Advertising to buy it.
The correlation of Lamar Advertising is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lamar Advertising moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lamar Advertising moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lamar Advertising can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lamar Stock Analysis
When running Lamar Advertising's price analysis, check to measure Lamar Advertising's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lamar Advertising is operating at the current time. Most of Lamar Advertising's value examination focuses on studying past and present price action to predict the probability of Lamar Advertising's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lamar Advertising's price. Additionally, you may evaluate how the addition of Lamar Advertising to your portfolios can decrease your overall portfolio volatility.