Latham Group Stock Market Value
| SWIM Stock | USD 3.03 0.01 0.33% |
| Symbol | Latham |
Latham Group Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Latham. If investors know Latham 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 Latham 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 (0.50) | Earnings Share 0.04 | Revenue Per Share 4.747 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0147 |
The market value of Latham Group is measured differently than its book value, which is the value of Latham that is recorded on the company's balance sheet. Investors also form their own opinion of Latham's value that differs from its market value or its book value, called intrinsic value, which is Latham'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 Latham's market value can be influenced by many factors that don't directly affect Latham'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 Latham's value and its price as these two are different measures arrived at by different means. Investors typically determine if Latham is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Latham'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.
Latham '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 Latham'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 Latham.
| 01/01/2024 |
| 06/29/2024 |
If you would invest 0.00 in Latham on January 1, 2024 and sell it all today you would earn a total of 0.00 from holding Latham Group or generate 0.0% return on investment in Latham over 180 days. Latham is related to or competes with Quanex Building, Interface, Apogee Enterprises, Gibraltar Industries, Armstrong World, and Jeld Wen. Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, ... More
Latham 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 Latham'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 Latham Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 36.42 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 4.98 |
Latham Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Latham's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Latham's standard deviation. In reality, there are many statistical measures that can use Latham historical prices to predict the future Latham's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Latham'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.
Latham Group Backtested Returns
Latham Group has Sharpe Ratio of -0.0494, which conveys that the firm had a -0.0494% return per unit of risk over the last 3 months. Latham exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Latham's Risk Adjusted Performance of (0.02), mean deviation of 3.2, and Standard Deviation of 4.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.88, 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, Latham will likely underperform. At this point, Latham Group has a negative expected return of -0.24%. Please make sure to verify Latham's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Latham Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Latham Group has weak predictability. Overlapping area represents the amount of predictability between Latham time series from 1st of January 2024 to 31st of March 2024 and 31st of March 2024 to 29th of June 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 Latham Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Latham price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Latham Group lagged returns against current returns
Autocorrelation, which is Latham 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 Latham's stock expected returns. We can calculate the autocorrelation of Latham returns to help us make a trade decision. For example, suppose you find that Latham 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 |
Latham 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 Latham stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Latham stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Latham stock over time.
Current vs Lagged Prices |
| Timeline |
Latham Lagged Returns
When evaluating Latham's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Latham stock have on its future price. Latham 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, Latham autocorrelation shows the relationship between Latham stock current value and its past values and can show if there is a momentum factor associated with investing in Latham Group.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Latham Stock
When determining whether Latham Group is a strong investment it is important to analyze Latham's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Latham's future performance. For an informed investment choice regarding Latham Stock, refer to the following important reports:Check out Latham Correlation, Latham Volatility and Latham Alpha and Beta module to complement your research on Latham. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Latham 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.