Local Bounti Corp Stock Market Value
| LOCL Stock | USD 1.75 0.01 0.57% |
| Symbol | Local |
Local Bounti Corp Price To Book Ratio
Is Packaged Foods & Meats 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 Local Bounti. If investors know Local 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 Local Bounti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (18.11) | Revenue Per Share 3.835 | Quarterly Revenue Growth 0.315 | Return On Assets (0.1) | Return On Equity (4.25) |
The market value of Local Bounti Corp is measured differently than its book value, which is the value of Local that is recorded on the company's balance sheet. Investors also form their own opinion of Local Bounti's value that differs from its market value or its book value, called intrinsic value, which is Local Bounti'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 Local Bounti's market value can be influenced by many factors that don't directly affect Local Bounti'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 Local Bounti's value and its price as these two are different measures arrived at by different means. Investors typically determine if Local Bounti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Local Bounti'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.
Local Bounti '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 Local Bounti'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 Local Bounti.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Local Bounti on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Local Bounti Corp or generate 0.0% return on investment in Local Bounti over 90 days. Local Bounti is related to or competes with Fresh Del, Alico, SW Seed, Adecoagro, Brasilagro Adr, Forafric Global, and AquaBounty Technologies. Local Bounti Corporation grows fresh greens and herbs in the United States More
Local Bounti 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 Local Bounti'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 Local Bounti Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 26.64 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 4.78 |
Local Bounti Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Local Bounti's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Local Bounti's standard deviation. In reality, there are many statistical measures that can use Local Bounti historical prices to predict the future Local Bounti's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Local Bounti'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.
Local Bounti Corp Backtested Returns
Local Bounti Corp has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Local Bounti exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Local Bounti's Mean Deviation of 2.8, risk adjusted performance of (0.09), and Standard Deviation of 4.16 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Local Bounti's returns are expected to increase less than the market. However, during the bear market, the loss of holding Local Bounti is expected to be smaller as well. At this point, Local Bounti Corp has a negative expected return of -0.54%. Please make sure to verify Local Bounti's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Local Bounti Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Local Bounti Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Local Bounti time series from 1st of September 2024 to 16th of October 2024 and 16th of October 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 Local Bounti Corp price movement. The serial correlation of -0.76 indicates that around 76.0% of current Local Bounti price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Local Bounti Corp lagged returns against current returns
Autocorrelation, which is Local Bounti 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 Local Bounti's stock expected returns. We can calculate the autocorrelation of Local Bounti returns to help us make a trade decision. For example, suppose you find that Local Bounti 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 |
Local Bounti 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 Local Bounti stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Local Bounti stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Local Bounti stock over time.
Current vs Lagged Prices |
| Timeline |
Local Bounti Lagged Returns
When evaluating Local Bounti's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Local Bounti stock have on its future price. Local Bounti 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, Local Bounti autocorrelation shows the relationship between Local Bounti stock current value and its past values and can show if there is a momentum factor associated with investing in Local Bounti Corp.
Regressed Prices |
| Timeline |
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Local Bounti 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.