La-Z-Boy Incorporated (Germany) Market Value
| LAZ Stock | EUR 36.20 1.00 2.84% |
| Symbol | La-Z-Boy |
La-Z-Boy Incorporated '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 La-Z-Boy Incorporated'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 La-Z-Boy Incorporated.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in La-Z-Boy Incorporated on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding La Z Boy Incorporated or generate 0.0% return on investment in La-Z-Boy Incorporated over 90 days. La-Z-Boy Incorporated is related to or competes with Gol Intelligent, Check Point, Aegean Airlines, International Consolidated, COMPUTERSHARE, and JAPAN AIRLINES. La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, a... More
La-Z-Boy Incorporated 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 La-Z-Boy Incorporated'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 La Z Boy Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.88 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 2.93 |
La-Z-Boy Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for La-Z-Boy Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as La-Z-Boy Incorporated's standard deviation. In reality, there are many statistical measures that can use La-Z-Boy Incorporated historical prices to predict the future La-Z-Boy Incorporated's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.6161 |
La-Z-Boy Incorporated Backtested Returns
La-Z-Boy Incorporated retains Efficiency (Sharpe Ratio) of -0.11, which conveys that the firm had a -0.11 % return per unit of price deviation over the last 3 months. La-Z-Boy Incorporated exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify La-Z-Boy Incorporated's Mean Deviation of 1.42, information ratio of (0.08), and Market Risk Adjusted Performance of 0.6261 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning La-Z-Boy Incorporated are expected to decrease at a much lower rate. During the bear market, La-Z-Boy Incorporated is likely to outperform the market. At this point, La-Z-Boy Incorporated has a negative expected return of -0.22%. Please make sure to verify La-Z-Boy Incorporated's jensen alpha, skewness, and the relationship between the variance and treynor ratio , to decide if La-Z-Boy Incorporated performance from the past will be repeated at some future date.
Auto-correlation | -0.63 |
Very good reverse predictability
La Z Boy Incorporated has very good reverse predictability. Overlapping area represents the amount of predictability between La-Z-Boy Incorporated time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 La-Z-Boy Incorporated price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current La-Z-Boy Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 4.65 |
La-Z-Boy Incorporated lagged returns against current returns
Autocorrelation, which is La-Z-Boy Incorporated 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 La-Z-Boy Incorporated's stock expected returns. We can calculate the autocorrelation of La-Z-Boy Incorporated returns to help us make a trade decision. For example, suppose you find that La-Z-Boy Incorporated 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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La-Z-Boy Incorporated 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 La-Z-Boy Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if La-Z-Boy Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in La-Z-Boy Incorporated stock over time.
Current vs Lagged Prices |
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La-Z-Boy Incorporated Lagged Returns
When evaluating La-Z-Boy Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of La-Z-Boy Incorporated stock have on its future price. La-Z-Boy Incorporated 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, La-Z-Boy Incorporated autocorrelation shows the relationship between La-Z-Boy Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in La Z Boy Incorporated.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in La-Z-Boy Stock
When determining whether La-Z-Boy Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of La-Z-Boy Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of La Z Boy Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on La Z Boy Incorporated Stock:Check out La-Z-Boy Incorporated Correlation, La-Z-Boy Incorporated Volatility and La-Z-Boy Incorporated Alpha and Beta module to complement your research on La-Z-Boy Incorporated. For more detail on how to invest in La-Z-Boy Stock please use our How to Invest in La-Z-Boy Incorporated guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
La-Z-Boy Incorporated 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.