Lensar Inc Stock Market Value
| LNSR Stock | USD 7.20 0.19 2.57% |
| Symbol | LENSAR |
LENSAR Inc Price To Book Ratio
Is Health Care Equipment & Supplies 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 LENSAR. If investors know LENSAR 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 LENSAR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.43) | Revenue Per Share 4.279 | Quarterly Revenue Growth 0.382 | Return On Assets (0.09) | Return On Equity (0.38) |
The market value of LENSAR Inc is measured differently than its book value, which is the value of LENSAR that is recorded on the company's balance sheet. Investors also form their own opinion of LENSAR's value that differs from its market value or its book value, called intrinsic value, which is LENSAR'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 LENSAR's market value can be influenced by many factors that don't directly affect LENSAR'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 LENSAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if LENSAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LENSAR'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.
LENSAR '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 LENSAR'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 LENSAR.
| 10/16/2024 |
| 11/15/2024 |
If you would invest 0.00 in LENSAR on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding LENSAR Inc or generate 0.0% return on investment in LENSAR over 30 days. LENSAR is related to or competes with Streamline Health, HealthStream, National Research, Privia Health, Evolent Health, CareCloud, and CareCloud. LENSAR, Inc., a commercial-stage medical device company, focuses on designing, developing, and marketing a femtosecond l... More
LENSAR 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 LENSAR'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 LENSAR Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | 0.1705 | |||
| Maximum Drawdown | 26.35 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 9.09 |
LENSAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LENSAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LENSAR's standard deviation. In reality, there are many statistical measures that can use LENSAR historical prices to predict the future LENSAR's volatility.| Risk Adjusted Performance | 0.1591 | |||
| Jensen Alpha | 0.9265 | |||
| Total Risk Alpha | 0.1401 | |||
| Sortino Ratio | 0.1885 | |||
| Treynor Ratio | 1.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LENSAR'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.
LENSAR Inc Backtested Returns
LENSAR appears to be moderately volatile, given 3 months investment horizon. LENSAR Inc has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of volatility over the last 3 months. By evaluating LENSAR's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please exercise LENSAR's risk adjusted performance of 0.1591, and Mean Deviation of 3.71 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LENSAR holds a performance score of 14. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LENSAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding LENSAR is expected to be smaller as well. Please check LENSAR's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether LENSAR's current price movements will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
LENSAR Inc has modest reverse predictability. Overlapping area represents the amount of predictability between LENSAR time series from 16th of October 2024 to 31st of October 2024 and 31st of October 2024 to 15th of November 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 LENSAR Inc price movement. The serial correlation of -0.46 indicates that about 46.0% of current LENSAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
LENSAR Inc lagged returns against current returns
Autocorrelation, which is LENSAR 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 LENSAR's stock expected returns. We can calculate the autocorrelation of LENSAR returns to help us make a trade decision. For example, suppose you find that LENSAR 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 |
LENSAR 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 LENSAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LENSAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LENSAR stock over time.
Current vs Lagged Prices |
| Timeline |
LENSAR Lagged Returns
When evaluating LENSAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LENSAR stock have on its future price. LENSAR 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, LENSAR autocorrelation shows the relationship between LENSAR stock current value and its past values and can show if there is a momentum factor associated with investing in LENSAR Inc.
Regressed Prices |
| Timeline |
Pair Trading with LENSAR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LENSAR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LENSAR will appreciate offsetting losses from the drop in the long position's value.Moving against LENSAR Stock
| 0.85 | TFX | Teleflex Incorporated | PairCorr |
| 0.84 | TNDM | Tandem Diabetes Care | PairCorr |
| 0.82 | AGL | agilon health | PairCorr |
| 0.79 | ACHC | Acadia Healthcare | PairCorr |
| 0.77 | GCTK | GlucoTrack | PairCorr |
The ability to find closely correlated positions to LENSAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LENSAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LENSAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LENSAR Inc to buy it.
The correlation of LENSAR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LENSAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LENSAR Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LENSAR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for LENSAR Stock Analysis
When running LENSAR's price analysis, check to measure LENSAR'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 LENSAR is operating at the current time. Most of LENSAR's value examination focuses on studying past and present price action to predict the probability of LENSAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LENSAR's price. Additionally, you may evaluate how the addition of LENSAR to your portfolios can decrease your overall portfolio volatility.