Legalzoom Stock Market Value
| LZ Stock | USD 8.17 0.05 0.62% |
| Symbol | LegalZoom |
LegalZoom Price To Book Ratio
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of LegalZoom. If investors know LegalZoom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about LegalZoom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.521 | Earnings Share 0.13 | Revenue Per Share 3.69 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0629 |
The market value of LegalZoom is measured differently than its book value, which is the value of LegalZoom that is recorded on the company's balance sheet. Investors also form their own opinion of LegalZoom's value that differs from its market value or its book value, called intrinsic value, which is LegalZoom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because LegalZoom's market value can be influenced by many factors that don't directly affect LegalZoom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LegalZoom's value and its price as these two are different measures arrived at by different means. Investors typically determine if LegalZoom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LegalZoom'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.
LegalZoom '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 LegalZoom'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 LegalZoom.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in LegalZoom on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding LegalZoom or generate 0.0% return on investment in LegalZoom over 30 days. LegalZoom is related to or competes with Montrose Environmental, Waste Connections, and Gfl Environmental. LegalZoom.com, Inc. operates an online platform for legal and compliance solutions in the United States More
LegalZoom 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 LegalZoom'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 LegalZoom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 21.05 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 4.44 |
LegalZoom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LegalZoom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LegalZoom's standard deviation. In reality, there are many statistical measures that can use LegalZoom historical prices to predict the future LegalZoom's volatility.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.2331 | |||
| Total Risk Alpha | 0.097 | |||
| Sortino Ratio | 0.1146 | |||
| Treynor Ratio | 0.2201 |
LegalZoom Backtested Returns
LegalZoom appears to be somewhat reliable, given 3 months investment horizon. LegalZoom has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for LegalZoom, which you can use to evaluate the volatility of the firm. Please exercise LegalZoom's Mean Deviation of 1.74, risk adjusted performance of 0.0933, and Downside Deviation of 2.25 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LegalZoom holds a performance score of 9. The company secures a Beta (Market Risk) of 1.44, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LegalZoom will likely underperform. Please check LegalZoom's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether LegalZoom's current price movements will revert.
Auto-correlation | 0.29 |
Poor predictability
LegalZoom has poor predictability. Overlapping area represents the amount of predictability between LegalZoom time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 LegalZoom price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current LegalZoom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LegalZoom lagged returns against current returns
Autocorrelation, which is LegalZoom 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 LegalZoom's stock expected returns. We can calculate the autocorrelation of LegalZoom returns to help us make a trade decision. For example, suppose you find that LegalZoom 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 |
LegalZoom 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 LegalZoom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LegalZoom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LegalZoom stock over time.
Current vs Lagged Prices |
| Timeline |
LegalZoom Lagged Returns
When evaluating LegalZoom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LegalZoom stock have on its future price. LegalZoom 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, LegalZoom autocorrelation shows the relationship between LegalZoom stock current value and its past values and can show if there is a momentum factor associated with investing in LegalZoom.
Regressed Prices |
| Timeline |
Also Currently Popular
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 LegalZoom Stock Analysis
When running LegalZoom's price analysis, check to measure LegalZoom'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 LegalZoom is operating at the current time. Most of LegalZoom's value examination focuses on studying past and present price action to predict the probability of LegalZoom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LegalZoom's price. Additionally, you may evaluate how the addition of LegalZoom to your portfolios can decrease your overall portfolio volatility.