Leggett Platt (Germany) Market Value
| LP1 Stock | EUR 10.86 0.01 0.09% |
| Symbol | Leggett |
Leggett Platt '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 Leggett Platt'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 Leggett Platt.
| 01/25/2023 |
| 12/15/2024 |
If you would invest 0.00 in Leggett Platt on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding Leggett Platt Incorporated or generate 0.0% return on investment in Leggett Platt over 690 days. Leggett Platt is related to or competes with GFL ENVIRONM, MCEWEN MINING, ADRIATIC METALS, BlueScope Steel, and BLUESCOPE STEEL. Leggett Platt, Incorporated designs and produces various engineered components and products worldwide More
Leggett Platt 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 Leggett Platt'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 Leggett Platt Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.66 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 6.94 |
Leggett Platt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leggett Platt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leggett Platt's standard deviation. In reality, there are many statistical measures that can use Leggett Platt historical prices to predict the future Leggett Platt's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0756 |
Leggett Platt Backtested Returns
Leggett Platt has Sharpe Ratio of -0.0078, which conveys that the firm had a -0.0078% return per unit of risk over the last 3 months. Leggett Platt exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leggett Platt's Mean Deviation of 2.27, downside deviation of 2.61, and Risk Adjusted Performance of 0.026 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. Leggett Platt returns are very sensitive to returns on the market. As the market goes up or down, Leggett Platt is expected to follow. At this point, Leggett Platt has a negative expected return of -0.0241%. Please make sure to verify Leggett Platt's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Leggett Platt performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Leggett Platt Incorporated has good predictability. Overlapping area represents the amount of predictability between Leggett Platt time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 to 15th 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 Leggett Platt price movement. The serial correlation of 0.72 indicates that around 72.0% of current Leggett Platt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 13.51 |
Leggett Platt lagged returns against current returns
Autocorrelation, which is Leggett Platt 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 Leggett Platt's stock expected returns. We can calculate the autocorrelation of Leggett Platt returns to help us make a trade decision. For example, suppose you find that Leggett Platt 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 |
Leggett Platt 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 Leggett Platt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leggett Platt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leggett Platt stock over time.
Current vs Lagged Prices |
| Timeline |
Leggett Platt Lagged Returns
When evaluating Leggett Platt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leggett Platt stock have on its future price. Leggett Platt 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, Leggett Platt autocorrelation shows the relationship between Leggett Platt stock current value and its past values and can show if there is a momentum factor associated with investing in Leggett Platt Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Leggett Stock
When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:Check out Leggett Platt Correlation, Leggett Platt Volatility and Leggett Platt Alpha and Beta module to complement your research on Leggett Platt. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Leggett Platt technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.