LEGAL GENERAL (Germany) Market Value

LGI Stock  EUR 2.69  0.01  0.37%   
LEGAL GENERAL's market value is the price at which a share of LEGAL GENERAL trades on a public exchange. It measures the collective expectations of LEGAL GENERAL investors about its performance. LEGAL GENERAL is trading at 2.69 as of the 22nd of December 2024, a 0.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.69.
With this module, you can estimate the performance of a buy and hold strategy of LEGAL GENERAL and determine expected loss or profit from investing in LEGAL GENERAL over a given investment horizon. Check out LEGAL GENERAL Correlation, LEGAL GENERAL Volatility and LEGAL GENERAL Alpha and Beta module to complement your research on LEGAL GENERAL.
Symbol

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

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.
0.00
11/22/2024
No Change 0.00  0.0 
In 30 days
12/22/2024
0.00
If you would invest  0.00  in LEGAL GENERAL on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding LEGAL GENERAL or generate 0.0% return on investment in LEGAL GENERAL over 30 days. LEGAL GENERAL is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. 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 upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
1.472.693.91
Details
Intrinsic
Valuation
LowRealHigh
1.482.703.93
Details
Naive
Forecast
LowNextHigh
1.332.543.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.602.752.90
Details

LEGAL GENERAL Backtested Returns

At this point, LEGAL GENERAL is slightly risky. LEGAL GENERAL has Sharpe Ratio of 0.0106, which conveys that the firm had a 0.0106% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for LEGAL GENERAL, which you can use to evaluate the volatility of the firm. Please verify LEGAL GENERAL's risk adjusted performance of 0.0156, and Mean Deviation of 0.921 to check out if the risk estimate we provide is consistent with the expected return of 0.0129%. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LEGAL GENERAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding LEGAL GENERAL is expected to be smaller as well. LEGAL GENERAL now secures a risk of 1.22%. Please verify LEGAL GENERAL information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if LEGAL GENERAL will be following its current price movements.

Auto-correlation

    
  -0.77  

Almost perfect reverse predictability

LEGAL GENERAL has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LEGAL GENERAL time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 price movement. The serial correlation of -0.77 indicates that around 77.0% of current LEGAL GENERAL price fluctuation can be explain by its past prices.
Correlation Coefficient-0.77
Spearman Rank Test-0.77
Residual Average0.0
Price Variance0.0

LEGAL GENERAL 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.
   Regressed Prices   
       Timeline  

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Other Information on Investing in LEGAL Stock

LEGAL GENERAL financial ratios help investors to determine whether LEGAL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LEGAL with respect to the benefits of owning LEGAL GENERAL security.