Locafy Stock Market Value
| LCFY Stock | USD 7.40 0.20 2.78% |
| Symbol | Locafy |
Locafy Price To Book Ratio
Is Movies & Entertainment 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 Locafy. If investors know Locafy 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 Locafy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.11) | Revenue Per Share 3.242 | Quarterly Revenue Growth 0.001 | Return On Assets (0.23) | Return On Equity (0.72) |
The market value of Locafy is measured differently than its book value, which is the value of Locafy that is recorded on the company's balance sheet. Investors also form their own opinion of Locafy's value that differs from its market value or its book value, called intrinsic value, which is Locafy'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 Locafy's market value can be influenced by many factors that don't directly affect Locafy'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 Locafy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Locafy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Locafy'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.
Locafy '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 Locafy'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 Locafy.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Locafy on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Locafy or generate 0.0% return on investment in Locafy over 180 days. Locafy is related to or competes with Metalpha Technology, 36Kr Holdings, TuanChe ADR, Asset Entities, TechTarget, Sabio Holdings, and Comscore. Locafy Limited operates as a software-as-a-service company that specializes in local search engine marketing in Australi... More
Locafy 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 Locafy'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 Locafy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.32 | |||
| Information Ratio | 0.1046 | |||
| Maximum Drawdown | 30.79 | |||
| Value At Risk | (8.20) | |||
| Potential Upside | 12.81 |
Locafy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Locafy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Locafy's standard deviation. In reality, there are many statistical measures that can use Locafy historical prices to predict the future Locafy's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.5456 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.115 | |||
| Treynor Ratio | 0.4866 |
Locafy Backtested Returns
Locafy appears to be unstable, given 3 months investment horizon. Locafy has Sharpe Ratio of 0.0976, which conveys that the firm had a 0.0976% return per unit of risk over the last 3 months. By analyzing Locafy's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Locafy's Mean Deviation of 4.3, downside deviation of 5.32, and Risk Adjusted Performance of 0.1066 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Locafy holds a performance score of 7. The company secures a Beta (Market Risk) of 1.52, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Locafy will likely underperform. Please check Locafy's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Locafy's current price movements will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Locafy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Locafy time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Locafy price movement. The serial correlation of -0.17 indicates that over 17.0% of current Locafy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Locafy lagged returns against current returns
Autocorrelation, which is Locafy 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 Locafy's stock expected returns. We can calculate the autocorrelation of Locafy returns to help us make a trade decision. For example, suppose you find that Locafy 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 |
Locafy 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 Locafy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Locafy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Locafy stock over time.
Current vs Lagged Prices |
| Timeline |
Locafy Lagged Returns
When evaluating Locafy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Locafy stock have on its future price. Locafy 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, Locafy autocorrelation shows the relationship between Locafy stock current value and its past values and can show if there is a momentum factor associated with investing in Locafy.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Locafy Stock Analysis
When running Locafy's price analysis, check to measure Locafy'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 Locafy is operating at the current time. Most of Locafy's value examination focuses on studying past and present price action to predict the probability of Locafy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locafy's price. Additionally, you may evaluate how the addition of Locafy to your portfolios can decrease your overall portfolio volatility.