Legacy Housing Corp Stock Price Prediction
| LEGH Stock | USD 25.20 0.28 1.10% |
Oversold Vs Overbought
48
Oversold | Overbought |
Quarterly Earnings Growth 0.083 | EPS Estimate Next Quarter 0.6 | EPS Estimate Current Year 2.45 | EPS Estimate Next Year 2.59 | Wall Street Target Price 31.25 |
Using Legacy Housing hype-based prediction, you can estimate the value of Legacy Housing Corp from the perspective of Legacy Housing response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Legacy Housing to buy its stock at a price that has no basis in reality. In that case, they are not buying Legacy because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Legacy Housing after-hype prediction price | USD 25.18 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Legacy |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Legacy Housing's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Legacy Housing After-Hype Price Prediction Density Analysis
As far as predicting the price of Legacy Housing at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Legacy Housing or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Legacy Housing, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Legacy Housing Estimiated After-Hype Price Volatility
In the context of predicting Legacy Housing's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Legacy Housing's historical news coverage. Legacy Housing's after-hype downside and upside margins for the prediction period are 23.16 and 27.20, respectively. We have considered Legacy Housing's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Legacy Housing is very steady at this time. Analysis and calculation of next after-hype price of Legacy Housing Corp is based on 3 months time horizon.
Legacy Housing Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Legacy Housing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legacy Housing backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Legacy Housing, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.16 | 2.02 | 0.02 | 0.18 | 9 Events / Month | 8 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
25.20 | 25.18 | 0.08 |
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Legacy Housing Hype Timeline
Legacy Housing Corp is now traded for 25.20. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of -0.18. Legacy is forecasted to decline in value after the next headline, with the price expected to drop to 25.18. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.08%, whereas the daily expected return is now at -0.16%. The volatility of related hype on Legacy Housing is about 181.82%, with the expected price after the next announcement by competition of 25.02. About 56.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.32. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Legacy Housing Corp had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in about 9 days. Check out Legacy Housing Basic Forecasting Models to cross-verify your projections.Legacy Housing Related Hype Analysis
Having access to credible news sources related to Legacy Housing's direct competition is more important than ever and may enhance your ability to predict Legacy Housing's future price movements. Getting to know how Legacy Housing's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Legacy Housing may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MHO | MI Homes | (4.90) | 7 per month | 2.55 | (0.03) | 4.51 | (4.51) | 11.04 | |
| TMHC | Taylor Morn Home | 0.29 | 10 per month | 2.03 | 0 | 3.10 | (4.14) | 9.89 | |
| TPH | TRI Pointe Homes | 0.05 | 8 per month | 0.00 | (0.12) | 2.86 | (3.73) | 10.14 | |
| BZH | Beazer Homes USA | (0.47) | 10 per month | 0.00 | (0.04) | 4.48 | (5.16) | 16.10 | |
| LGIH | LGI Homes | 0.39 | 8 per month | 2.38 | (0.02) | 4.12 | (3.98) | 18.95 | |
| CCS | Century Communities | 0.51 | 11 per month | 0.00 | (0.08) | 3.75 | (4.05) | 13.05 | |
| CVCO | Cavco Industries | (4.47) | 9 per month | 1.98 | (0.01) | 3.88 | (3.92) | 9.71 | |
| SKY | Skyline | 1.08 | 11 per month | 2.05 | 0.06 | 4.63 | (3.48) | 17.56 | |
| IBP | Installed Building Products | (3.09) | 9 per month | 0.00 | (0.04) | 6.08 | (4.50) | 19.93 | |
| MTH | Meritage | (0.50) | 13 per month | 0.00 | (0.06) | 4.09 | (4.85) | 11.87 |
Legacy Housing Additional Predictive Modules
Most predictive techniques to examine Legacy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Legacy using various technical indicators. When you analyze Legacy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Legacy Housing Predictive Indicators
The successful prediction of Legacy Housing stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Legacy Housing Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Legacy Housing based on analysis of Legacy Housing hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Legacy Housing's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Legacy Housing's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.0551 | 0.0359 | Price To Sales Ratio | 3.25 | 1.86 |
Story Coverage note for Legacy Housing
The number of cover stories for Legacy Housing depends on current market conditions and Legacy Housing's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Legacy Housing is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Legacy Housing's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Legacy Housing Short Properties
Legacy Housing's future price predictability will typically decrease when Legacy Housing's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Legacy Housing Corp often depends not only on the future outlook of the potential Legacy Housing's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legacy Housing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25.1 M | |
| Cash And Short Term Investments | 748 K |
Complementary Tools for Legacy Stock analysis
When running Legacy Housing's price analysis, check to measure Legacy Housing'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 Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
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