Legacy Iron (Australia) Market Value

LCY Stock   0.01  0  11.11%   
Legacy Iron's market value is the price at which a share of Legacy Iron trades on a public exchange. It measures the collective expectations of Legacy Iron Ore investors about its performance. Legacy Iron is selling for under 0.01 as of the 4th of March 2025; that is 11.11 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.009.
With this module, you can estimate the performance of a buy and hold strategy of Legacy Iron Ore and determine expected loss or profit from investing in Legacy Iron over a given investment horizon. Check out Legacy Iron Correlation, Legacy Iron Volatility and Legacy Iron Alpha and Beta module to complement your research on Legacy Iron.
Symbol

Please note, there is a significant difference between Legacy Iron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Iron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Iron'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.

Legacy Iron '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 Legacy Iron'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 Legacy Iron.
0.00
12/04/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/04/2025
0.00
If you would invest  0.00  in Legacy Iron on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Legacy Iron Ore or generate 0.0% return on investment in Legacy Iron over 90 days. Legacy Iron is related to or competes with Australian Unity, Sandon Capital, Carlton Investments, Microequities Asset, and Pinnacle Investment. Legacy Iron is entity of Australia. It is traded as Stock on AU exchange. More

Legacy Iron 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 Legacy Iron'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 Legacy Iron Ore upside and downside potential and time the market with a certain degree of confidence.

Legacy Iron Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Legacy Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legacy Iron's standard deviation. In reality, there are many statistical measures that can use Legacy Iron historical prices to predict the future Legacy Iron's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.014.76
Details
Intrinsic
Valuation
LowRealHigh
0.000.014.76
Details
Naive
Forecast
LowNextHigh
0.00020.014.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.010.010.01
Details

Legacy Iron Ore Backtested Returns

Currently, Legacy Iron Ore is out of control. Legacy Iron Ore has Sharpe Ratio of 0.0234, which conveys that the firm had a 0.0234 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Legacy Iron, which you can use to evaluate the volatility of the firm. Please verify Legacy Iron's Risk Adjusted Performance of 0.0263, mean deviation of 2.31, and Downside Deviation of 10.71 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Legacy Iron has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.61, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Legacy Iron are expected to decrease by larger amounts. On the other hand, during market turmoil, Legacy Iron is expected to outperform it. Legacy Iron Ore right now secures a risk of 4.79%. Please verify Legacy Iron Ore downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Legacy Iron Ore will be following its current price movements.

Auto-correlation

    
  0.08  

Virtually no predictability

Legacy Iron Ore has virtually no predictability. Overlapping area represents the amount of predictability between Legacy Iron time series from 4th of December 2024 to 18th of January 2025 and 18th of January 2025 to 4th 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 Legacy Iron Ore price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Legacy Iron price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.0

Legacy Iron Ore lagged returns against current returns

Autocorrelation, which is Legacy Iron 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 Legacy Iron's stock expected returns. We can calculate the autocorrelation of Legacy Iron returns to help us make a trade decision. For example, suppose you find that Legacy Iron 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  

Legacy Iron 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 Legacy Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legacy Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legacy Iron stock over time.
   Current vs Lagged Prices   
       Timeline  

Legacy Iron Lagged Returns

When evaluating Legacy Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legacy Iron stock have on its future price. Legacy Iron 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, Legacy Iron autocorrelation shows the relationship between Legacy Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Legacy Iron Ore.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Legacy Stock Analysis

When running Legacy Iron's price analysis, check to measure Legacy Iron'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 Legacy Iron is operating at the current time. Most of Legacy Iron's value examination focuses on studying past and present price action to predict the probability of Legacy Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Iron's price. Additionally, you may evaluate how the addition of Legacy Iron to your portfolios can decrease your overall portfolio volatility.