Legal General (UK) Market Value
| LGEN Stock | 221.30 0.80 0.36% |
| Symbol | Legal |
Legal General '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 Legal General'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 Legal General.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Legal General on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Legal General Group or generate 0.0% return on investment in Legal General over 30 days. Legal General is related to or competes with Greenroc Mining, GoldMining, GlobalData PLC, Blackrock World, Silvercorp Metals, Coeur Mining, and Automatic Data. More
Legal General 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 Legal General'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 Legal General Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.74 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.31 |
Legal General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legal General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legal General's standard deviation. In reality, there are many statistical measures that can use Legal General historical prices to predict the future Legal General's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.1421 |
Legal General Group Backtested Returns
Legal General Group has Sharpe Ratio of -0.0076, which conveys that the firm had a -0.0076% return per unit of risk over the last 3 months. Legal General exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legal General's Standard Deviation of 0.9552, insignificant risk adjusted performance, and Mean Deviation of 0.7509 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Legal General are expected to decrease at a much lower rate. During the bear market, Legal General is likely to outperform the market. At this point, Legal General Group has a negative expected return of -0.0073%. Please make sure to verify Legal General's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Legal General Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Legal General Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Legal General time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Legal General Group price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Legal General price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Legal General Group lagged returns against current returns
Autocorrelation, which is Legal General 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 Legal General's stock expected returns. We can calculate the autocorrelation of Legal General returns to help us make a trade decision. For example, suppose you find that Legal General 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 |
Legal General 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 Legal General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legal General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legal General stock over time.
Current vs Lagged Prices |
| Timeline |
Legal General Lagged Returns
When evaluating Legal General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legal General stock have on its future price. Legal General 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, Legal General autocorrelation shows the relationship between Legal General stock current value and its past values and can show if there is a momentum factor associated with investing in Legal General Group.
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 Legal Stock Analysis
When running Legal General's price analysis, check to measure Legal General'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 Legal General is operating at the current time. Most of Legal General's value examination focuses on studying past and present price action to predict the probability of Legal General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legal General's price. Additionally, you may evaluate how the addition of Legal General to your portfolios can decrease your overall portfolio volatility.