Luminar Technologies Stock Market Value
| LAZR Stock | USD 5.32 0.11 2.11% |
| Symbol | Luminar |
Luminar Technologies Price To Book Ratio
Is Automotive Parts & Equipment 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 Luminar Technologies. If investors know Luminar 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 Luminar Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (17.75) | Revenue Per Share | Quarterly Revenue Growth (0.09) | Return On Assets | Return On Equity |
The market value of Luminar Technologies is measured differently than its book value, which is the value of Luminar that is recorded on the company's balance sheet. Investors also form their own opinion of Luminar Technologies' value that differs from its market value or its book value, called intrinsic value, which is Luminar Technologies' 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 Luminar Technologies' market value can be influenced by many factors that don't directly affect Luminar Technologies' 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 Luminar Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luminar Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luminar Technologies' 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.
Luminar Technologies '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 Luminar Technologies' 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 Luminar Technologies.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Luminar Technologies on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Luminar Technologies or generate 0.0% return on investment in Luminar Technologies over 30 days. Luminar Technologies is related to or competes with Mobileye Global, Hyliion Holdings, Aeva Technologies,, Innoviz Technologies, Quantumscape Corp, Hesai Group, and Aeye. Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger ca... More
Luminar Technologies 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 Luminar Technologies' 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 Luminar Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 39.94 | |||
| Value At Risk | (12.13) | |||
| Potential Upside | 14.13 |
Luminar Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luminar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luminar Technologies' standard deviation. In reality, there are many statistical measures that can use Luminar Technologies historical prices to predict the future Luminar Technologies' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (2.07) |
Luminar Technologies Backtested Returns
Luminar Technologies has Sharpe Ratio of -0.0661, which conveys that the firm had a -0.0661 % return per unit of risk over the last 3 months. Luminar Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luminar Technologies' Standard Deviation of 8.28, mean deviation of 6.04, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Luminar Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Luminar Technologies is expected to be smaller as well. At this point, Luminar Technologies has a negative expected return of -0.55%. Please make sure to verify Luminar Technologies' jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Luminar Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Luminar Technologies has poor predictability. Overlapping area represents the amount of predictability between Luminar Technologies time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Luminar Technologies price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Luminar Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Luminar Technologies lagged returns against current returns
Autocorrelation, which is Luminar Technologies 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 Luminar Technologies' stock expected returns. We can calculate the autocorrelation of Luminar Technologies returns to help us make a trade decision. For example, suppose you find that Luminar Technologies 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 |
| Timeline |
Luminar Technologies 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 Luminar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luminar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luminar Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Luminar Technologies Lagged Returns
When evaluating Luminar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luminar Technologies stock have on its future price. Luminar Technologies 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, Luminar Technologies autocorrelation shows the relationship between Luminar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Luminar Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Luminar Technologies
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 Luminar Technologies 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 Luminar Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Luminar Stock
| 0.68 | F | Ford Motor Aggressive Push | PairCorr |
Moving against Luminar Stock
| 0.67 | DAN | Dana Inc | PairCorr |
| 0.54 | LCID | Lucid Group | PairCorr |
| 0.47 | INVZ | Innoviz Technologies | PairCorr |
| 0.44 | XPEV | Xpeng Inc Upward Rally | PairCorr |
| 0.38 | SES | SES AI Corp | PairCorr |
The ability to find closely correlated positions to Luminar Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luminar Technologies 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 Luminar Technologies - 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 Luminar Technologies to buy it.
The correlation of Luminar Technologies 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 Luminar Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luminar Technologies 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 Luminar Technologies 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 Luminar Stock Analysis
When running Luminar Technologies' price analysis, check to measure Luminar Technologies' 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 Luminar Technologies is operating at the current time. Most of Luminar Technologies' value examination focuses on studying past and present price action to predict the probability of Luminar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luminar Technologies' price. Additionally, you may evaluate how the addition of Luminar Technologies to your portfolios can decrease your overall portfolio volatility.