Lgi Homes Stock Market Value
| LGIH Stock | USD 89.97 1.23 1.35% |
| Symbol | LGI |
LGI Homes Price To Book Ratio
Is Household Durables 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 LGI Homes. If investors know LGI 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 LGI Homes 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 0.039 | Earnings Share 8.36 | Revenue Per Share 95.936 | Quarterly Revenue Growth 0.056 | Return On Assets 0.0402 |
The market value of LGI Homes is measured differently than its book value, which is the value of LGI that is recorded on the company's balance sheet. Investors also form their own opinion of LGI Homes' value that differs from its market value or its book value, called intrinsic value, which is LGI Homes' 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 LGI Homes' market value can be influenced by many factors that don't directly affect LGI Homes' 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 LGI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if LGI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LGI Homes' 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.
LGI Homes '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 LGI Homes' 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 LGI Homes.
| 10/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in LGI Homes on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding LGI Homes or generate 0.0% return on investment in LGI Homes over 60 days. LGI Homes is related to or competes with MI Homes, Taylor Morn, TRI Pointe, Beazer Homes, Century Communities, Cavco Industries, and Legacy Housing. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name ... More
LGI Homes 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 LGI Homes' 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 LGI Homes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 3.46 |
LGI Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LGI Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LGI Homes' standard deviation. In reality, there are many statistical measures that can use LGI Homes historical prices to predict the future LGI Homes' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.37) |
LGI Homes Backtested Returns
LGI Homes has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. LGI Homes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LGI Homes' risk adjusted performance of (0.15), and Mean Deviation of 1.67 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.19, 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, LGI Homes will likely underperform. At this point, LGI Homes has a negative expected return of -0.32%. Please make sure to verify LGI Homes' kurtosis, and the relationship between the maximum drawdown and day median price , to decide if LGI Homes performance from the past will be repeated in the future.
Auto-correlation | 0.24 |
Weak predictability
LGI Homes has weak predictability. Overlapping area represents the amount of predictability between LGI Homes time series from 25th of October 2024 to 24th of November 2024 and 24th of November 2024 to 24th 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 LGI Homes price movement. The serial correlation of 0.24 indicates that over 24.0% of current LGI Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 55.82 |
LGI Homes lagged returns against current returns
Autocorrelation, which is LGI Homes 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 LGI Homes' stock expected returns. We can calculate the autocorrelation of LGI Homes returns to help us make a trade decision. For example, suppose you find that LGI Homes 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 |
LGI Homes 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 LGI Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LGI Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LGI Homes stock over time.
Current vs Lagged Prices |
| Timeline |
LGI Homes Lagged Returns
When evaluating LGI Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LGI Homes stock have on its future price. LGI Homes 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, LGI Homes autocorrelation shows the relationship between LGI Homes stock current value and its past values and can show if there is a momentum factor associated with investing in LGI Homes.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether LGI Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LGI Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lgi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lgi Homes Stock:Check out LGI Homes Correlation, LGI Homes Volatility and LGI Homes Alpha and Beta module to complement your research on LGI Homes. For more detail on how to invest in LGI Stock please use our How to Invest in LGI Homes guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
LGI Homes 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.