LGI (Australia) Market Value

LGI Stock   2.93  0.11  3.62%   
LGI's market value is the price at which a share of LGI trades on a public exchange. It measures the collective expectations of LGI investors about its performance. LGI is selling for under 2.93 as of the 23rd of December 2024; that is 3.62 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 2.93.
With this module, you can estimate the performance of a buy and hold strategy of LGI and determine expected loss or profit from investing in LGI over a given investment horizon. Check out LGI Correlation, LGI Volatility and LGI Alpha and Beta module to complement your research on LGI.
Symbol

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

LGI '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 LGI'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 LGI.
0.00
01/03/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/23/2024
0.00
If you would invest  0.00  in LGI on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding LGI or generate 0.0% return on investment in LGI over 720 days. LGI is related to or competes with WA1 Resources, Predictive Discovery, and Zip Co. LGI is entity of Australia. It is traded as Stock on AU exchange. More

LGI 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 LGI'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 LGI upside and downside potential and time the market with a certain degree of confidence.

LGI Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for LGI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LGI's standard deviation. In reality, there are many statistical measures that can use LGI historical prices to predict the future LGI's volatility.
Hype
Prediction
LowEstimatedHigh
1.022.934.84
Details
Intrinsic
Valuation
LowRealHigh
0.572.484.39
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.020.020.02
Details

LGI Backtested Returns

Currently, LGI is moderately volatile. LGI has Sharpe Ratio of 0.0634, which conveys that the firm had a 0.0634% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for LGI, which you can use to evaluate the volatility of the firm. Please verify LGI's risk adjusted performance of 0.0626, and Mean Deviation of 1.31 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. LGI has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0216, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LGI are expected to decrease at a much lower rate. During the bear market, LGI is likely to outperform the market. LGI now secures a risk of 1.91%. Please verify LGI jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if LGI will be following its current price movements.

Auto-correlation

    
  0.00  

No correlation between past and present

LGI has no correlation between past and present. Overlapping area represents the amount of predictability between LGI time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 LGI price movement. The serial correlation of 0.0 indicates that just 0.0% of current LGI price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.12

LGI lagged returns against current returns

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

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

LGI Lagged Returns

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for LGI Stock Analysis

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