L3Harris Stock Market Value

LHX -  USA Stock  

USD 233.55  5.16  2.26%

L3Harris Technologies' market value is the price at which a share of L3Harris Technologies stock trades on a public exchange. It measures the collective expectations of L3Harris Technologies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of L3Harris Technologies and determine expected loss or profit from investing in L3Harris Technologies over a given investment horizon. Additionally, see L3Harris Technologies Hype Analysis, L3Harris Technologies Correlation, L3Harris Technologies Valuation, L3Harris Technologies Volatility, as well as analyze L3Harris Technologies Alpha and Beta and L3Harris Technologies Performance.
Symbol
Backtest


Is L3Harris Technologies' industry 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 YOY
0.087
Market Capitalization
45 B
Quarterly Revenue Growth YOY
-0.1
Return On Assets
0.046
Return On Equity
0.0929
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.

L3Harris Technologies '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 L3Harris Technologies' 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 L3Harris Technologies.
0.00
12/28/2021
No Change 0.00  0.0 
In 5 months and 29 days
06/26/2022
0.00
If you would invest  0.00  in L3Harris Technologies on December 28, 2021 and sell it all today you would earn a total of 0.00 from holding L3Harris Technologies or generate 0.0% return on investment in L3Harris Technologies over 180 days. L3Harris Technologies is related to or competes with Archer Aviation, Applied Energetics, AAR Corp, Air Industries, Astra Space, Aerovironment, and Boeing. L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for govern...More

L3Harris Technologies 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 L3Harris Technologies' 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 L3Harris Technologies upside and downside potential and time the market with a certain degree of confidence.

L3Harris Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for L3Harris Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as L3Harris Technologies' standard deviation. In reality, there are many statistical measures that can use L3Harris Technologies historical prices to predict the future L3Harris Technologies' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of L3Harris Technologies' 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. Please use the tools below to analyze the current value of L3Harris Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
232.39233.88235.37
Details
Intrinsic
Valuation
LowReal ValueHigh
210.20243.97245.46
Details
Naive
Forecast
LowNext ValueHigh
229.55231.04232.54
Details
12 Analysts
Consensus
LowTarget PriceHigh
225.00250.78270.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as L3Harris Technologies. Your research has to be compared to or analyzed against L3Harris Technologies' peers to derive any actionable benefits. When done correctly, L3Harris Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in L3Harris Technologies.

L3Harris Technologies Backtested Returns

L3Harris Technologies has Sharpe Ratio of -0.0577, which conveys that the company had -0.0577% of return per unit of risk over the last 3 months. Macroaxis outlook to estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. L3Harris Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify L3Harris Technologies mean deviation of 1.19 to check out the risk estimate we provide.
The firm secures a Beta (Market Risk) of 0.4835, which conveys possible diversification benefits within a given portfolio. 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. Even though it is essential to pay attention to L3Harris Technologies price patterns, it is always good to be careful when utilizing equity historical price patterns. Our way in which we are estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. L3Harris Technologies exposes twenty-one different technical indicators, which can help you to evaluate its performance. L3Harris Technologies has an expected return of -0.0861%. Please be advised to verify L3Harris Technologies downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if L3Harris Technologies performance from the past will be repeated at some future date.

Auto-correlation

    
  -0.35  

Poor reverse predictability

L3Harris Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between L3Harris Technologies time series from 28th of December 2021 to 28th of March 2022 and 28th of March 2022 to 26th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of L3Harris Technologies price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current L3Harris Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient-0.35
Spearman Rank Test-0.66
Residual Average0.0
Price Variance89.37

L3Harris Technologies lagged returns against current returns

Autocorrelation, which is L3Harris Technologies 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 L3Harris Technologies' stock expected returns. We can calculate the autocorrelation of L3Harris Technologies returns to help us make a trade decision. For example, suppose you find that L3Harris Technologies stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

L3Harris Technologies 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 L3Harris Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if L3Harris Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in L3Harris Technologies stock over time.
 Current vs Lagged Prices 
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      Timeline 

L3Harris Technologies Lagged Returns

When evaluating L3Harris Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of L3Harris Technologies stock have on its future price. L3Harris Technologies 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, L3Harris Technologies autocorrelation shows the relationship between L3Harris Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in L3Harris Technologies.
 Regressed Prices 
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      Timeline 

L3Harris Technologies Investors Sentiment

The influence of L3Harris Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in L3Harris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

L3Harris Technologies Implied Volatility

    
  14.21  
L3Harris Technologies' implied volatility exposes the market's sentiment of L3Harris Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if L3Harris Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that L3Harris Technologies stock will not fluctuate a lot when L3Harris Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards L3Harris Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.

Current Sentiment - LHX

L3Harris Technologies Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in L3Harris Technologies. What is your trading attitude regarding investing in L3Harris Technologies? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as L3Harris Technologies using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see L3Harris Technologies Hype Analysis, L3Harris Technologies Correlation, L3Harris Technologies Valuation, L3Harris Technologies Volatility, as well as analyze L3Harris Technologies Alpha and Beta and 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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...