L3Harris Stock Alpha and Beta Analysis

LHX
 Stock
  

USD 243.24  1.54  0.64%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as L3Harris Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in L3Harris Technologies over a specified time horizon. Remember, high L3Harris Technologies' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, see L3Harris Technologies Backtesting, L3Harris Technologies Valuation, L3Harris Technologies Correlation, L3Harris Technologies Hype Analysis, L3Harris Technologies Volatility, L3Harris Technologies History and analyze L3Harris Technologies Performance.
  
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Please note that although L3Harris Technologies alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, L3Harris Technologies did 0.06  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of L3Harris Technologies stock's relative risk over its benchmark. L3Harris Technologies has a beta of 0.50  . Let's try to break down what L3Harris's beta means in this case. As returns on the market increase, L3Harris Technologies returns are expected to increase less than the market. However, during the bear market, the loss on holding L3Harris Technologies will be expected to be smaller as well.
L3Harris Technologies Book Value per Share is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Book Value per Share of 97.91 in 2021. Enterprise Value over EBIT is likely to rise to 25.26 in 2022, whereas Tangible Assets Book Value per Share are likely to drop 47.16 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

L3Harris Technologies Quarterly Book Value per Share

99.689

Share

L3Harris Technologies Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. L3Harris Technologies market risk premium is the additional return an investor will receive from holding L3Harris Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in L3Harris Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate L3Harris Technologies' performance over market.
α0.06   β0.50
90 days against DJI

L3Harris Technologies expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of L3Harris Technologies' Buy-and-hold return. Our buy-and-hold chart shows how L3Harris Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

L3Harris Technologies Market Price Analysis

Market price analysis indicators help investors to evaluate how L3Harris Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading L3Harris Technologies shares will generate the highest return on investment. By understating and applying L3Harris Technologies stock market price indicators, traders can identify L3Harris Technologies position entry and exit signals to maximize returns.

L3Harris Technologies Return and Market Media

The median price of L3Harris Technologies for the period between Sat, Apr 2, 2022 and Fri, Jul 1, 2022 is 240.36 with a coefficient of variation of 3.86. The daily time series for the period is distributed with a sample standard deviation of 9.31, arithmetic mean of 241.06, and mean deviation of 7.31. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
      Timeline 
1
EXCLUSIVE U.S. to announce 750 million more in weapons for U...04/12/2022
2
L3Harris Technologies Inc. stock underperforms Tuesday when ...04/19/2022
3
L3Harris Unveils New Format with First Quarter Earnings Rele...04/25/2022
4
Acquisition by Harry Harris of 685 shares of L3Harris Techno...04/26/2022
5
EPS Reported04/28/2022
6
Silgan Q1 Earnings Sales Top Estimates, Hikes 22 View - Nasd...04/29/2022
7
Analysts Have Made A Financial Statement On L3Harris Technol...05/03/2022
8
Acquisition by Roger Fradin of 685 shares of L3Harris Techno...05/04/2022
9
Financial Statements05/09/2022
10
Why Shares of Rada Electronic Are Down Today - Nasdaq05/10/2022
11
US DoD Picks L3Harris For Artificial Intelligence Services -...05/17/2022
12
Acquisition by Geraghty Joanna of 673 shares of L3Harris Tec...06/02/2022
13
Exercise or conversion by James Girard of 4750 shares of L3H...06/10/2022
14
L3Harris Receives DoDs Top Industrial Security Excellence Aw...06/22/2022
15
EPS Estimate06/28/2022

About L3Harris Technologies Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in L3Harris Technologies has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2010 2021 2022 (projected)
Long Term Debt to Equity0.330.370.38
Interest Coverage4.837.138.03

L3Harris Technologies Upcoming Company Events

As portrayed in its financial statements, the presentation of L3Harris Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, L3Harris Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of L3Harris Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of L3Harris Technologies. Please utilize our Beneish M Score to check the likelihood of L3Harris Technologies' management manipulating its earnings.
Upcoming Quarterly Report31st of January 2022
Next Financial Report29th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End31st of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with L3Harris Technologies

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see L3Harris Technologies Backtesting, L3Harris Technologies Valuation, L3Harris Technologies Correlation, L3Harris Technologies Hype Analysis, L3Harris Technologies Volatility, L3Harris Technologies History and analyze L3Harris Technologies Performance. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for L3Harris Stock analysis

When running L3Harris Technologies price analysis, check to measure L3Harris Technologies' 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 L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.
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L3Harris Technologies 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.
A focus of L3Harris Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of L3Harris Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...