Limoneira Co Stock Market Value
| LMNR Stock | USD 27.80 0.18 0.65% |
| Symbol | Limoneira |
Limoneira Price To Book Ratio
Is Agricultural Products & Services 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 Limoneira. If investors know Limoneira 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 Limoneira 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 0.96 | Dividend Share 0.3 | Earnings Share 0.31 | Revenue Per Share 10.694 | Quarterly Revenue Growth 0.206 |
The market value of Limoneira is measured differently than its book value, which is the value of Limoneira that is recorded on the company's balance sheet. Investors also form their own opinion of Limoneira's value that differs from its market value or its book value, called intrinsic value, which is Limoneira'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 Limoneira's market value can be influenced by many factors that don't directly affect Limoneira'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 Limoneira's value and its price as these two are different measures arrived at by different means. Investors typically determine if Limoneira is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Limoneira'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.
Limoneira '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 Limoneira'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 Limoneira.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Limoneira on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Limoneira Co or generate 0.0% return on investment in Limoneira over 30 days. Limoneira is related to or competes with Dole PLC, Alico, Adecoagro, Cal Maine, Fresh Del, Forafric Global, and Minerva SA. Limoneira Company operates as an agribusiness and real estate development company in the United States and international... More
Limoneira 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 Limoneira'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 Limoneira Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.82 |
Limoneira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Limoneira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Limoneira's standard deviation. In reality, there are many statistical measures that can use Limoneira historical prices to predict the future Limoneira's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | 0.1061 |
Limoneira Backtested Returns
Limoneira appears to be very steady, given 3 months investment horizon. Limoneira has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Limoneira, which you can use to evaluate the volatility of the firm. Please exercise Limoneira's Downside Deviation of 1.81, risk adjusted performance of 0.0812, and Mean Deviation of 1.55 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Limoneira holds a performance score of 9. The company secures a Beta (Market Risk) of 1.8, 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, Limoneira will likely underperform. Please check Limoneira's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Limoneira's current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
Limoneira Co has good predictability. Overlapping area represents the amount of predictability between Limoneira time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Limoneira price movement. The serial correlation of 0.77 indicates that around 77.0% of current Limoneira price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Limoneira lagged returns against current returns
Autocorrelation, which is Limoneira 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 Limoneira's stock expected returns. We can calculate the autocorrelation of Limoneira returns to help us make a trade decision. For example, suppose you find that Limoneira 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 |
Limoneira 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 Limoneira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Limoneira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Limoneira stock over time.
Current vs Lagged Prices |
| Timeline |
Limoneira Lagged Returns
When evaluating Limoneira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Limoneira stock have on its future price. Limoneira 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, Limoneira autocorrelation shows the relationship between Limoneira stock current value and its past values and can show if there is a momentum factor associated with investing in Limoneira Co.
Regressed Prices |
| Timeline |
Pair Trading with Limoneira
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Limoneira position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Limoneira will appreciate offsetting losses from the drop in the long position's value.Moving against Limoneira Stock
| 0.57 | CL | Colgate Palmolive Sell-off Trend | PairCorr |
| 0.49 | SNAX | Stryve Foods | PairCorr |
| 0.47 | LND | Brasilagro Adr | PairCorr |
| 0.46 | ADM | Archer Daniels Midland | PairCorr |
| 0.41 | GIS | General Mills | PairCorr |
The ability to find closely correlated positions to Limoneira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Limoneira when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Limoneira - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Limoneira Co to buy it.
The correlation of Limoneira is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Limoneira moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Limoneira moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Limoneira can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Limoneira Stock Analysis
When running Limoneira's price analysis, check to measure Limoneira'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 Limoneira is operating at the current time. Most of Limoneira's value examination focuses on studying past and present price action to predict the probability of Limoneira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Limoneira's price. Additionally, you may evaluate how the addition of Limoneira to your portfolios can decrease your overall portfolio volatility.