Ll Flooring Holdings Stock Market Value
| LL Stock | USD 1.51 0.01 0.67% |
| Symbol | LL Flooring |
LL Flooring Holdings Price To Book Ratio
Is LL Flooring'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 LL Flooring. If investors know LL Flooring 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 LL Flooring 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 (0.78) | Earnings Share (3.59) | Revenue Per Share 31.408 | Quarterly Revenue Growth (0.20) | Return On Assets (0.09) |
The market value of LL Flooring Holdings is measured differently than its book value, which is the value of LL Flooring that is recorded on the company's balance sheet. Investors also form their own opinion of LL Flooring's value that differs from its market value or its book value, called intrinsic value, which is LL Flooring'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 LL Flooring's market value can be influenced by many factors that don't directly affect LL Flooring'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 LL Flooring's value and its price as these two are different measures arrived at by different means. Investors typically determine if LL Flooring is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LL Flooring'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.
LL Flooring '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 LL Flooring'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 LL Flooring.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in LL Flooring on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding LL Flooring Holdings or generate 0.0% return on investment in LL Flooring over 90 days. LL Flooring is related to or competes with Haverty Furniture, Arhaus, Tile Shop, Floor Decor, Home Depot, Lowes Companies, and Live Ventures. LL Flooring Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surfa... More
LL Flooring 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 LL Flooring'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 LL Flooring Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 3.05 |
LL Flooring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LL Flooring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LL Flooring's standard deviation. In reality, there are many statistical measures that can use LL Flooring historical prices to predict the future LL Flooring's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | (0.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LL Flooring'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.
LL Flooring Holdings Backtested Returns
LL Flooring Holdings retains Efficiency (Sharpe Ratio) of -0.33, which conveys that the firm had a -0.33% return per unit of price deviation over the last 3 months. LL Flooring exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LL Flooring's Information Ratio of (0.36), market risk adjusted performance of (0.84), and Mean Deviation of 2.23 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.14, which conveys a somewhat significant risk relative to the market. LL Flooring returns are very sensitive to returns on the market. As the market goes up or down, LL Flooring is expected to follow. LL Flooring Holdings has an expected return of -0.99%. Please make sure to verify LL Flooring Holdings total risk alpha, as well as the relationship between the skewness and day median price , to decide if LL Flooring Holdings performance from the past will be repeated sooner or later.
Auto-correlation | 0.65 |
Good predictability
LL Flooring Holdings has good predictability. Overlapping area represents the amount of predictability between LL Flooring time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 LL Flooring Holdings price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current LL Flooring price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LL Flooring Holdings lagged returns against current returns
Autocorrelation, which is LL Flooring 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 LL Flooring's stock expected returns. We can calculate the autocorrelation of LL Flooring returns to help us make a trade decision. For example, suppose you find that LL Flooring 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 |
LL Flooring 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 LL Flooring stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LL Flooring stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LL Flooring stock over time.
Current vs Lagged Prices |
| Timeline |
LL Flooring Lagged Returns
When evaluating LL Flooring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LL Flooring stock have on its future price. LL Flooring 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, LL Flooring autocorrelation shows the relationship between LL Flooring stock current value and its past values and can show if there is a momentum factor associated with investing in LL Flooring Holdings.
Regressed Prices |
| Timeline |
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When running LL Flooring's price analysis, check to measure LL Flooring'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 LL Flooring is operating at the current time. Most of LL Flooring's value examination focuses on studying past and present price action to predict the probability of LL Flooring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LL Flooring's price. Additionally, you may evaluate how the addition of LL Flooring to your portfolios can decrease your overall portfolio volatility.
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LL Flooring 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.