Laboratory Of Stock Price on September 30, 2023
| LH Stock | USD 200.25 1.07 0.53% |
Below is the normalized historical share price chart for Laboratory of extending back to July 07, 1988. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Laboratory stands at 200.25, as last reported on the 2nd of May, with the highest price reaching 201.65 and the lowest price hitting 199.11 during the day.
If you're considering investing in Laboratory Stock, it is important to understand the factors that can impact its price. Laboratory has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Laboratory exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Laboratory's Mean Deviation of 0.9341, standard deviation of 1.28, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide.
As of now, Laboratory's Common Stock is increasing as compared to previous years. The Laboratory's current Common Stock Total Equity is estimated to increase to about 12.2 M, while Other Stockholder Equity is projected to decrease to under 36.5 M. . As of now, Laboratory's Price To Book Ratio is decreasing as compared to previous years. The Laboratory's current Price Fair Value is estimated to increase to 3.27, while Price To Sales Ratio is projected to decrease to 1.60. Laboratory Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of March 1990 | 200 Day MA 212.9113 | 50 Day MA 210.8192 | Beta 0.995 |
Laboratory |
Sharpe Ratio = -0.1149
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| Negative Returns | LH |
Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Laboratory is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Laboratory by adding Laboratory to a well-diversified portfolio.
Price Book 2.1977 | Enterprise Value Ebitda 16.8856 | Price Sales 1.4231 | Shares Float 83.9 M | Dividend Share 2.88 |
Laboratory Valuation on September 30, 2023
It is possible to determine the worth of Laboratory on a given historical date. On September 30, 2023 Laboratory was worth 204.22 at the beginning of the trading date compared to the closed value of 199.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Laboratory stock. Still, in general, we apply an absolute valuation method to find Laboratory's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Laboratory where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Laboratory's related companies.
| Open | High | Low | Close | Volume | |
| 205.27 | 206.92 | 201.90 | 201.90 | 809,340 | |
09/29/2023 | 204.22 | 204.57 | 199.70 | 199.70 | 1,090,832 |
| 199.99 | 200.58 | 196.81 | 198.22 | 1,012,300 |
| Backtest Laboratory | | | Laboratory History | | | Laboratory Valuation | Previous | Next |
Laboratory Trading Date Momentum on September 30, 2023
| On October 02 2023 Laboratory of was traded for 198.22 at the closing time. The highest price during the trading period was 200.58 and the lowest recorded bid was listed for 196.81 . The volume for the day was 1 M. This history from October 2, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.74% . The trading delta at closing time to the current price is 0.34% . |
Laboratory Fundamentals Correlations and Trends
By evaluating Laboratory's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Laboratory's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Laboratory financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Laboratory Stock history
Laboratory investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Laboratory is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Laboratory will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Laboratory stock prices may prove useful in developing a viable investing in Laboratory
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 87.6 M | 96 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1.5 B |
Laboratory Stock Technical Analysis
Laboratory 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.
Price Boundaries
Laboratory Period Price Range
Low | September 29, 2023
| High |
204.22 | 199.70 |
Laboratory May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Laboratory stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Laboratory shares will generate the highest return on investment. By undertsting and applying Laboratory stock market strength indicators, traders can identify Laboratory of entry and exit signals to maximize returns
| Accumulation Distribution | 25968.38 | |||
| Daily Balance Of Power | (0.93) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 202.14 | |||
| Day Typical Price | 201.32 | |||
| Price Action Indicator | (4.70) | |||
| Period Momentum Indicator | 0.55 | |||
| Relative Strength Index | 24.32 |
Laboratory Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Laboratory's price direction in advance. Along with the technical and fundamental analysis of Laboratory Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Laboratory to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.18) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laboratory of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Laboratory Stock analysis
When running Laboratory's price analysis, check to measure Laboratory'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 Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
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| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Is Laboratory's industry 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 Laboratory. If investors know Laboratory 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 Laboratory 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 0.123 | Dividend Share 2.88 | Earnings Share 4.67 | Revenue Per Share 142.986 | Quarterly Revenue Growth 0.046 |
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory'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 Laboratory's market value can be influenced by many factors that don't directly affect Laboratory'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 Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory'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.