Lightwave Logic Stock Technical Analysis
LWLG Stock | USD 4.09 0.09 2.25% |
As of the 18th of April 2024, Lightwave Logic secures the Downside Deviation of 3.16, risk adjusted performance of 0.0179, and Mean Deviation of 2.65. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Lightwave Logic, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Lightwave Logic, which can be compared to its peers in the industry. Please verify Lightwave Logic variance, as well as the relationship between the maximum drawdown and semi variance to decide if Lightwave Logic is priced some-what accurately, providing market reflects its recent price of 4.09 per share. Given that Lightwave Logic has jensen alpha of (0.09), we recommend you to check Lightwave Logic's last-minute market performance to make sure the company can sustain itself at a future point.
Lightwave Logic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Lightwave, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LightwaveLightwave |
Lightwave Logic Analyst Consensus
Target Price | Advice | # of Analysts | |
2.71 | Strong Sell | 0 | Odds |
Most Lightwave analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Lightwave stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Lightwave Logic, talking to its executives and customers, or listening to Lightwave conference calls.
Lightwave Analyst Advice DetailsLightwave Logic 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.
Lightwave Logic Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Lightwave Logic volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Lightwave Logic Trend Analysis
Use this graph to draw trend lines for Lightwave Logic. You can use it to identify possible trend reversals for Lightwave Logic as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Lightwave Logic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Lightwave Logic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Lightwave Logic applied against its price change over selected period. The best fit line has a slop of 0.0069 , which may suggest that Lightwave Logic market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.8, which is the sum of squared deviations for the predicted Lightwave Logic price change compared to its average price change.About Lightwave Logic Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Lightwave Logic on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Lightwave Logic based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Lightwave Logic price pattern first instead of the macroeconomic environment surrounding Lightwave Logic. By analyzing Lightwave Logic's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Lightwave Logic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Lightwave Logic specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Days Sales Outstanding | 282.71 | 251.3 | PTB Ratio | 15.78 | 14.99 |
Lightwave Logic April 18, 2024 Technical Indicators
Most technical analysis of Lightwave help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lightwave from various momentum indicators to cycle indicators. When you analyze Lightwave charts, please remember that the event formation may indicate an entry point for a short seller, and look at different 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 |
Risk Adjusted Performance | 0.0179 | |||
Market Risk Adjusted Performance | 0.0247 | |||
Mean Deviation | 2.65 | |||
Semi Deviation | 3.02 | |||
Downside Deviation | 3.16 | |||
Coefficient Of Variation | 6431.56 | |||
Standard Deviation | 3.39 | |||
Variance | 11.46 | |||
Information Ratio | (0.0008) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.20) | |||
Sortino Ratio | (0.0009) | |||
Treynor Ratio | 0.0147 | |||
Maximum Drawdown | 18.25 | |||
Value At Risk | (3.91) | |||
Potential Upside | 6.0 | |||
Downside Variance | 9.99 | |||
Semi Variance | 9.11 | |||
Expected Short fall | (3.07) | |||
Skewness | 0.129 | |||
Kurtosis | 0.362 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lightwave Logic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Lightwave Stock please use our How to Invest in Lightwave Logic guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Lightwave Stock analysis
When running Lightwave Logic's price analysis, check to measure Lightwave Logic'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 Lightwave Logic is operating at the current time. Most of Lightwave Logic's value examination focuses on studying past and present price action to predict the probability of Lightwave Logic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lightwave Logic's price. Additionally, you may evaluate how the addition of Lightwave Logic to your portfolios can decrease your overall portfolio volatility.
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Is Lightwave Logic'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 Lightwave Logic. If investors know Lightwave 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 Lightwave Logic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.18) | Return On Assets (0.39) | Return On Equity (0.66) |
The market value of Lightwave Logic is measured differently than its book value, which is the value of Lightwave that is recorded on the company's balance sheet. Investors also form their own opinion of Lightwave Logic's value that differs from its market value or its book value, called intrinsic value, which is Lightwave Logic'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 Lightwave Logic's market value can be influenced by many factors that don't directly affect Lightwave Logic'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 Lightwave Logic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lightwave Logic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lightwave Logic'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.