Lazard Stock Market Value
| LAZ Stock | USD 52.70 2.69 5.38% |
| Symbol | Lazard |
Lazard Price To Book Ratio
Is Investment Banking & Brokerage 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 Lazard. If investors know Lazard 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 Lazard 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 0.466 | Dividend Share 2 | Earnings Share 1.62 | Revenue Per Share 30.585 | Quarterly Revenue Growth 0.061 |
The market value of Lazard is measured differently than its book value, which is the value of Lazard that is recorded on the company's balance sheet. Investors also form their own opinion of Lazard's value that differs from its market value or its book value, called intrinsic value, which is Lazard'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 Lazard's market value can be influenced by many factors that don't directly affect Lazard'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 Lazard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lazard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lazard'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.
Lazard '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 Lazard'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 Lazard.
| 09/14/2024 |
| 10/14/2024 |
If you would invest 0.00 in Lazard on September 14, 2024 and sell it all today you would earn a total of 0.00 from holding Lazard or generate 0.0% return on investment in Lazard over 30 days. Lazard is related to or competes with PJT Partners, Moelis, Houlihan Lokey, Piper Sandler, Perella Weinberg, Evercore Partners, and Scully Royalty. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America,... More
Lazard 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 Lazard'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 Lazard upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.1172 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.97 |
Lazard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lazard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lazard's standard deviation. In reality, there are many statistical measures that can use Lazard historical prices to predict the future Lazard's volatility.| Risk Adjusted Performance | 0.1417 | |||
| Jensen Alpha | 0.2096 | |||
| Total Risk Alpha | 0.075 | |||
| Sortino Ratio | 0.1461 | |||
| Treynor Ratio | 0.2205 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lazard'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.
Lazard Backtested Returns
Lazard appears to be very steady, given 3 months investment horizon. Lazard 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. We have found twenty-nine technical indicators for Lazard, which you can use to evaluate the volatility of the firm. Please exercise Lazard's Risk Adjusted Performance of 0.1417, mean deviation of 1.81, and Downside Deviation of 2.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lazard holds a performance score of 8. The company secures a Beta (Market Risk) of 1.86, 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, Lazard will likely underperform. Please check Lazard's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Lazard's current price movements will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Lazard has insignificant reverse predictability. Overlapping area represents the amount of predictability between Lazard time series from 14th of September 2024 to 29th of September 2024 and 29th of September 2024 to 14th of October 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 Lazard price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Lazard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
Lazard lagged returns against current returns
Autocorrelation, which is Lazard 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 Lazard's stock expected returns. We can calculate the autocorrelation of Lazard returns to help us make a trade decision. For example, suppose you find that Lazard 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 |
Lazard 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 Lazard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lazard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lazard stock over time.
Current vs Lagged Prices |
| Timeline |
Lazard Lagged Returns
When evaluating Lazard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lazard stock have on its future price. Lazard 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, Lazard autocorrelation shows the relationship between Lazard stock current value and its past values and can show if there is a momentum factor associated with investing in Lazard.
Regressed Prices |
| Timeline |
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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 Lazard Stock Analysis
When running Lazard's price analysis, check to measure Lazard'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 Lazard is operating at the current time. Most of Lazard's value examination focuses on studying past and present price action to predict the probability of Lazard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lazard's price. Additionally, you may evaluate how the addition of Lazard to your portfolios can decrease your overall portfolio volatility.