Lesliesinc Stock Market Value
| LESL Stock | USD 5.26 0.10 1.87% |
| Symbol | LesliesInc |
LesliesInc Price To Book Ratio
Is LesliesInc'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 LesliesInc. If investors know LesliesInc 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 LesliesInc 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 (0.71) | Earnings Share 0.09 | Revenue Per Share 7.629 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0524 |
The market value of LesliesInc is measured differently than its book value, which is the value of LesliesInc that is recorded on the company's balance sheet. Investors also form their own opinion of LesliesInc's value that differs from its market value or its book value, called intrinsic value, which is LesliesInc'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 LesliesInc's market value can be influenced by many factors that don't directly affect LesliesInc'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 LesliesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if LesliesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LesliesInc'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.
LesliesInc '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 LesliesInc'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 LesliesInc.
| 02/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in LesliesInc on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding LesliesInc or generate 0.0% return on investment in LesliesInc over 90 days. LesliesInc is related to or competes with Target, Lowes Companies, Kohls Corp, Gap, and Walmart. Leslies, Inc. operates as a direct-to-consumer pool and spa care brand in the United States More
LesliesInc 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 LesliesInc'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 LesliesInc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (8.29) | |||
| Potential Upside | 8.03 |
LesliesInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LesliesInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LesliesInc's standard deviation. In reality, there are many statistical measures that can use LesliesInc historical prices to predict the future LesliesInc's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LesliesInc'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.
LesliesInc Backtested Returns
LesliesInc has Sharpe Ratio of -0.093, which conveys that the firm had a -0.093% return per unit of risk over the last 3 months. LesliesInc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LesliesInc's Risk Adjusted Performance of (0.04), mean deviation of 3.86, and Standard Deviation of 4.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 3.25, 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, LesliesInc will likely underperform. LesliesInc has an expected return of -0.47%. Please make sure to verify LesliesInc treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if LesliesInc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
LesliesInc has insignificant reverse predictability. Overlapping area represents the amount of predictability between LesliesInc time series from 17th of February 2024 to 2nd of April 2024 and 2nd of April 2024 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 LesliesInc price movement. The serial correlation of -0.12 indicates that less than 12.0% of current LesliesInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
LesliesInc lagged returns against current returns
Autocorrelation, which is LesliesInc 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 LesliesInc's stock expected returns. We can calculate the autocorrelation of LesliesInc returns to help us make a trade decision. For example, suppose you find that LesliesInc 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 |
LesliesInc 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 LesliesInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LesliesInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LesliesInc stock over time.
Current vs Lagged Prices |
| Timeline |
LesliesInc Lagged Returns
When evaluating LesliesInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LesliesInc stock have on its future price. LesliesInc 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, LesliesInc autocorrelation shows the relationship between LesliesInc stock current value and its past values and can show if there is a momentum factor associated with investing in LesliesInc.
Regressed Prices |
| Timeline |
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Check out LesliesInc Correlation, LesliesInc Volatility and LesliesInc Alpha and Beta module to complement your research on LesliesInc. For more information on how to buy LesliesInc Stock please use our How to buy in LesliesInc Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for LesliesInc Stock analysis
When running LesliesInc's price analysis, check to measure LesliesInc'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 LesliesInc is operating at the current time. Most of LesliesInc's value examination focuses on studying past and present price action to predict the probability of LesliesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LesliesInc's price. Additionally, you may evaluate how the addition of LesliesInc to your portfolios can decrease your overall portfolio volatility.
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LesliesInc 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.