Luminar Technologies Stock Market Value
| LAZR Stock | USD 1.72 0.05 2.82% |
| Symbol | Luminar |
Luminar Technologies Price To Book Ratio
Is Luminar Technologies' 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 Luminar Technologies. If investors know Luminar 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 Luminar Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.37) | Revenue Per Share 0.189 | Quarterly Revenue Growth 0.445 | Return On Assets (0.59) | Return On Equity (24.25) |
The market value of Luminar Technologies is measured differently than its book value, which is the value of Luminar that is recorded on the company's balance sheet. Investors also form their own opinion of Luminar Technologies' value that differs from its market value or its book value, called intrinsic value, which is Luminar Technologies' 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 Luminar Technologies' market value can be influenced by many factors that don't directly affect Luminar Technologies' 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 Luminar Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luminar Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luminar Technologies' 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.
Luminar Technologies '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 Luminar Technologies' 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 Luminar Technologies.
| 05/28/2022 |
| 05/17/2024 |
If you would invest 0.00 in Luminar Technologies on May 28, 2022 and sell it all today you would earn a total of 0.00 from holding Luminar Technologies or generate 0.0% return on investment in Luminar Technologies over 720 days. Luminar Technologies is related to or competes with Allison Transmission, LKQ, and Fox Factory. Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger ca... More
Luminar Technologies 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 Luminar Technologies' 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 Luminar Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 32.56 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 11.61 |
Luminar Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luminar Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luminar Technologies' standard deviation. In reality, there are many statistical measures that can use Luminar Technologies historical prices to predict the future Luminar Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (1.58) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Luminar Technologies' 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.
Luminar Technologies Backtested Returns
Luminar Technologies has Sharpe Ratio of -0.0634, which conveys that the firm had a -0.0634% return per unit of risk over the last 3 months. Luminar Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luminar Technologies' Standard Deviation of 6.25, risk adjusted performance of (0.04), and Mean Deviation of 4.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.92, 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, Luminar Technologies will likely underperform. Luminar Technologies has an expected return of -0.39%. Please make sure to verify Luminar Technologies jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Luminar Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Luminar Technologies has below average predictability. Overlapping area represents the amount of predictability between Luminar Technologies time series from 28th of May 2022 to 23rd of May 2023 and 23rd of May 2023 to 17th of May 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 Luminar Technologies price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Luminar Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 3.85 |
Luminar Technologies lagged returns against current returns
Autocorrelation, which is Luminar Technologies 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 Luminar Technologies' stock expected returns. We can calculate the autocorrelation of Luminar Technologies returns to help us make a trade decision. For example, suppose you find that Luminar Technologies 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 |
Luminar Technologies 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 Luminar Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luminar Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luminar Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Luminar Technologies Lagged Returns
When evaluating Luminar Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luminar Technologies stock have on its future price. Luminar Technologies 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, Luminar Technologies autocorrelation shows the relationship between Luminar Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Luminar Technologies.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Luminar Technologies Correlation, Luminar Technologies Volatility and Luminar Technologies Alpha and Beta module to complement your research on Luminar Technologies. To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.Note that the Luminar Technologies information on this page should be used as a complementary analysis to other Luminar Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Luminar Stock analysis
When running Luminar Technologies' price analysis, check to measure Luminar Technologies' 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 Luminar Technologies is operating at the current time. Most of Luminar Technologies' value examination focuses on studying past and present price action to predict the probability of Luminar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luminar Technologies' price. Additionally, you may evaluate how the addition of Luminar Technologies to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Luminar Technologies 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.