La-Z-Boy Incorporated (Germany) Market Value
| LAZ Stock | EUR 40.80 0.80 1.92% |
| Symbol | La-Z-Boy |
La-Z-Boy Incorporated '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 La-Z-Boy Incorporated'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 La-Z-Boy Incorporated.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in La-Z-Boy Incorporated on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding La Z Boy Incorporated or generate 0.0% return on investment in La-Z-Boy Incorporated over 30 days. La-Z-Boy Incorporated is related to or competes with Fortune Brands, Tempur Sealy, Howden Joinery, and Hisense Home. La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, a... More
La-Z-Boy Incorporated 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 La-Z-Boy Incorporated'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 La Z Boy Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.032 | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.22 |
La-Z-Boy Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for La-Z-Boy Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as La-Z-Boy Incorporated's standard deviation. In reality, there are many statistical measures that can use La-Z-Boy Incorporated historical prices to predict the future La-Z-Boy Incorporated's volatility.| Risk Adjusted Performance | 0.0525 | |||
| Jensen Alpha | 0.0756 | |||
| Total Risk Alpha | 0.016 | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | 0.2623 |
La-Z-Boy Incorporated Backtested Returns
At this point, La-Z-Boy Incorporated is very steady. La-Z-Boy Incorporated retains Efficiency (Sharpe Ratio) of 0.0869, which conveys that the firm had a 0.0869% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for La-Z-Boy Incorporated, which you can use to evaluate the volatility of the firm. Please verify La-Z-Boy Incorporated's Standard Deviation of 1.64, market risk adjusted performance of 0.2723, and Mean Deviation of 1.26 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. La-Z-Boy Incorporated has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, La-Z-Boy Incorporated's returns are expected to increase less than the market. However, during the bear market, the loss of holding La-Z-Boy Incorporated is expected to be smaller as well. La-Z-Boy Incorporated at this moment owns a risk of 1.64%. Please verify La Z Boy Incorporated semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if La Z Boy Incorporated will be following its current price history.
Auto-correlation | 0.22 |
Weak predictability
La Z Boy Incorporated has weak predictability. Overlapping area represents the amount of predictability between La-Z-Boy Incorporated time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 La-Z-Boy Incorporated price movement. The serial correlation of 0.22 indicates that over 22.0% of current La-Z-Boy Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
La-Z-Boy Incorporated lagged returns against current returns
Autocorrelation, which is La-Z-Boy Incorporated 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 La-Z-Boy Incorporated's stock expected returns. We can calculate the autocorrelation of La-Z-Boy Incorporated returns to help us make a trade decision. For example, suppose you find that La-Z-Boy Incorporated 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 |
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La-Z-Boy Incorporated 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 La-Z-Boy Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if La-Z-Boy Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in La-Z-Boy Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
La-Z-Boy Incorporated Lagged Returns
When evaluating La-Z-Boy Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of La-Z-Boy Incorporated stock have on its future price. La-Z-Boy Incorporated 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, La-Z-Boy Incorporated autocorrelation shows the relationship between La-Z-Boy Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in La Z Boy Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in La-Z-Boy Stock
When determining whether La-Z-Boy Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of La-Z-Boy Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of La Z Boy Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on La Z Boy Incorporated Stock:Check out La-Z-Boy Incorporated Correlation, La-Z-Boy Incorporated Volatility and La-Z-Boy Incorporated Alpha and Beta module to complement your research on La-Z-Boy Incorporated. For more detail on how to invest in La-Z-Boy Stock please use our How to Invest in La-Z-Boy Incorporated guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
La-Z-Boy Incorporated 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.