Lightbridge Corp Stock Market Value
| LTBR Stock | USD 6.54 0.79 13.74% |
| Symbol | Lightbridge |
Lightbridge Corp Price To Book Ratio
Is Research & Consulting 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 Lightbridge Corp. If investors know Lightbridge 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 Lightbridge Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Return On Assets (0.25) | Return On Equity (0.37) |
The market value of Lightbridge Corp is measured differently than its book value, which is the value of Lightbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Lightbridge Corp's value that differs from its market value or its book value, called intrinsic value, which is Lightbridge Corp'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 Lightbridge Corp's market value can be influenced by many factors that don't directly affect Lightbridge Corp'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 Lightbridge Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lightbridge Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lightbridge Corp'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.
Lightbridge Corp '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 Lightbridge Corp'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 Lightbridge Corp.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Lightbridge Corp on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Lightbridge Corp or generate 0.0% return on investment in Lightbridge Corp over 540 days. Lightbridge Corp is related to or competes with Espey Mfg, Hayward Holdings, Kimball Electronics, NeoVolta Warrant, Ads Tec, NeoVolta Common, and Advanced Energy. Lightbridge Corporation, together with its subsidiaries, engages in the design and development of nuclear fuel technolog... More
Lightbridge Corp 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 Lightbridge Corp'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 Lightbridge Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.02 | |||
| Information Ratio | 0.1388 | |||
| Maximum Drawdown | 83.04 | |||
| Value At Risk | (12.75) | |||
| Potential Upside | 25.96 |
Lightbridge Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lightbridge Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lightbridge Corp's standard deviation. In reality, there are many statistical measures that can use Lightbridge Corp historical prices to predict the future Lightbridge Corp's volatility.| Risk Adjusted Performance | 0.1232 | |||
| Jensen Alpha | 1.84 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.2261 | |||
| Treynor Ratio | 2.45 |
Lightbridge Corp Backtested Returns
Lightbridge Corp is very risky given 3 months investment horizon. Lightbridge Corp 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. We have analyzed twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Lightbridge Corp Risk Adjusted Performance of 0.1232, downside deviation of 8.02, and Mean Deviation of 8.59 to evaluate company specific risk that cannot be diversified away. Lightbridge Corp holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lightbridge Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lightbridge Corp is expected to be smaller as well. Use Lightbridge Corp potential upside, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Lightbridge Corp.
Auto-correlation | -0.5 |
Modest reverse predictability
Lightbridge Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Lightbridge Corp time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Lightbridge Corp price movement. The serial correlation of -0.5 indicates that about 50.0% of current Lightbridge Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3.57 |
Lightbridge Corp lagged returns against current returns
Autocorrelation, which is Lightbridge Corp 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 Lightbridge Corp's stock expected returns. We can calculate the autocorrelation of Lightbridge Corp returns to help us make a trade decision. For example, suppose you find that Lightbridge Corp 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 |
Lightbridge Corp 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 Lightbridge Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lightbridge Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lightbridge Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Lightbridge Corp Lagged Returns
When evaluating Lightbridge Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lightbridge Corp stock have on its future price. Lightbridge Corp 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, Lightbridge Corp autocorrelation shows the relationship between Lightbridge Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Lightbridge Corp.
Regressed Prices |
| Timeline |
Pair Trading with Lightbridge Corp
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 Lightbridge Corp 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 Lightbridge Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Lightbridge Stock
Moving against Lightbridge Stock
| 0.78 | WHLM | Wilhelmina | PairCorr |
| 0.77 | EFX | Equifax | PairCorr |
| 0.73 | FCN | FTI Consulting | PairCorr |
| 0.68 | FORR | Forrester Research | PairCorr |
| 0.63 | RGP | Resources Connection | PairCorr |
The ability to find closely correlated positions to Lightbridge Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightbridge Corp 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 Lightbridge Corp - 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 Lightbridge Corp to buy it.
The correlation of Lightbridge Corp 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 Lightbridge Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightbridge Corp 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 Lightbridge Corp 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 Lightbridge Stock Analysis
When running Lightbridge Corp's price analysis, check to measure Lightbridge Corp'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 Lightbridge Corp is operating at the current time. Most of Lightbridge Corp's value examination focuses on studying past and present price action to predict the probability of Lightbridge Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lightbridge Corp's price. Additionally, you may evaluate how the addition of Lightbridge Corp to your portfolios can decrease your overall portfolio volatility.