Legacy Education Alliance Stock Market Value
| LEAI Stock | USD 0.0007 0.0001 16.67% |
| Symbol | Legacy |
Legacy Education '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 Legacy Education's pink sheet 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 Legacy Education.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Legacy Education on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Legacy Education Alliance or generate 0.0% return on investment in Legacy Education over 360 days. Legacy Education is related to or competes with Optex Systems. Legacy Education Alliance, Inc., together with its subsidiaries, provides educational training on the topics of personal... More
Legacy Education 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 Legacy Education's pink sheet 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 Legacy Education Alliance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 20.0 |
Legacy Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legacy Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legacy Education's standard deviation. In reality, there are many statistical measures that can use Legacy Education historical prices to predict the future Legacy Education's volatility.| Risk Adjusted Performance | 0.101 | |||
| Jensen Alpha | 0.2652 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 1.34 |
Legacy Education Alliance Backtested Returns
Legacy Education appears to be out of control, given 3 months investment horizon. Legacy Education Alliance has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Legacy Education's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Legacy Education's Standard Deviation of 2.46, risk adjusted performance of 0.101, and Mean Deviation of 0.5969 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Legacy Education holds a performance score of 13. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Legacy Education's returns are expected to increase less than the market. However, during the bear market, the loss of holding Legacy Education is expected to be smaller as well. Please check Legacy Education's information ratio and the relationship between the skewness and price action indicator , to make a quick decision on whether Legacy Education's current price movements will revert.
Auto-correlation | 0.24 |
Weak predictability
Legacy Education Alliance has weak predictability. Overlapping area represents the amount of predictability between Legacy Education time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Legacy Education Alliance price movement. The serial correlation of 0.24 indicates that over 24.0% of current Legacy Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legacy Education Alliance lagged returns against current returns
Autocorrelation, which is Legacy Education pink sheet'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 Legacy Education's pink sheet expected returns. We can calculate the autocorrelation of Legacy Education returns to help us make a trade decision. For example, suppose you find that Legacy Education has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Legacy Education 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 Legacy Education pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legacy Education pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legacy Education pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Legacy Education Lagged Returns
When evaluating Legacy Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legacy Education pink sheet have on its future price. Legacy Education 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, Legacy Education autocorrelation shows the relationship between Legacy Education pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Legacy Education Alliance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Legacy Pink Sheet
Legacy Education financial ratios help investors to determine whether Legacy Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Legacy with respect to the benefits of owning Legacy Education security.