La Z Stock Market Value

LZB
 Stock
  

USD 26.51  0.06  0.23%   

La Z's market value is the price at which a share of La Z stock trades on a public exchange. It measures the collective expectations of La-Z-Boy investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of La-Z-Boy and determine expected loss or profit from investing in La Z over a given investment horizon. Additionally, see La Z Correlation, La Z Volatility and La Z Alpha and Beta module to complement your research on La Z.
Symbol


Is La Z's 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 La Z. If investors know La Z 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 La Z 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
0.65
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
0.15
Return On Assets
0.0757
Return On Equity
0.21
The market value of La-Z-Boy is measured differently than its book value, which is the value of La Z that is recorded on the company's balance sheet. Investors also form their own opinion of La Z's value that differs from its market value or its book value, called intrinsic value, which is La Z'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 La Z's market value can be influenced by many factors that don't directly affect La Z'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 La Z's value and its price as these two are different measures arrived at by different means. Investors typically determine La Z value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, La Z'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.

La Z '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 La Z'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 La Z.
0.00
12/07/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/27/2022
0.00
If you would invest  0.00  in La Z on December 7, 2020 and sell it all today you would earn a total of 0.00 from holding La-Z-Boy or generate 0.0% return on investment in La Z over 720 days. La Z is related to or competes with Whirlpool Corp, Mohawk Industries, Tempur-Pedic International, Leggett Platt, and Norwegian Cruise. La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, a... More

La Z 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 La Z'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 La-Z-Boy upside and downside potential and time the market with a certain degree of confidence.

La Z Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for La Z's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as La Z's standard deviation. In reality, there are many statistical measures that can use La Z historical prices to predict the future La Z's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of La Z'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. Please use the tools below to analyze the current value of La Z in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
23.9126.4629.01
Details
Intrinsic
Valuation
LowReal ValueHigh
23.8131.1333.68
Details
Naive
Forecast
LowNext ValueHigh
24.0926.6329.18
Details
2 Analysts
Consensus
LowTarget PriceHigh
46.0046.0046.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as La Z. Your research has to be compared to or analyzed against La Z's peers to derive any actionable benefits. When done correctly, La Z's 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 La-Z-Boy.

La-Z-Boy Backtested Returns

We consider La Z very steady. La-Z-Boy retains Efficiency (Sharpe Ratio) of 0.0022, which conveys that the firm had 0.0022% of return per unit of price deviation over the last 3 months. Our approach into estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for La Z, which you can use to evaluate the future volatility of the firm. Please verify La-Z-Boy Mean Deviation of 2.06, standard deviation of 2.58, and Market Risk Adjusted Performance of (0.07) to check out if the risk estimate we provide is consistent with the expected return of 0.0055%.
The company owns a Beta (Systematic Risk) of 1.3967, which conveys a somewhat significant risk relative to the market. Let's try to break down what La Z's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, La Z will likely underperform. Although it is important to respect La-Z-Boy existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The approach into estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining La-Z-Boy technical indicators, you can today evaluate if the expected return of 0.0055% will be sustainable into the future. La-Z-Boy now owns a risk of 2.55%. Please verify La-Z-Boy value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall to decide if La-Z-Boy will be following its current price history.

Auto-correlation

    
  0.36  

Below average predictability

La-Z-Boy has below average predictability. Overlapping area represents the amount of predictability between La Z time series from 7th of December 2020 to 2nd of December 2021 and 2nd of December 2021 to 27th of November 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 La-Z-Boy price movement. The serial correlation of 0.36 indicates that just about 36.0% of current La Z price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.47
Residual Average0.0
Price Variance16.33

La-Z-Boy lagged returns against current returns

Autocorrelation, which is La Z 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 La Z's stock expected returns. We can calculate the autocorrelation of La Z returns to help us make a trade decision. For example, suppose you find that La Z 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   
Share
       Timeline  

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

La Z Lagged Returns

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

La Z Investors Sentiment

The influence of La Z's 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 La Z. 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.
Investor biases related to La Z's public news can be used to forecast risks associated with investment in La Z. The trend in average sentiment can be used to explain how an investor holding La Z can time the market purely based on public headlines and social activities around La-Z-Boy. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
La Z's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for La Z's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average La Z's news discussions. The higher the estimated score, the more favorable is the investor's outlook on La Z.
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 La Z 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, La Z's short interest history, or implied volatility extrapolated from La Z options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as La-Z-Boy 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.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
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 La Z Correlation, La Z Volatility and La Z Alpha and Beta module to complement your research on La Z. Note that the La-Z-Boy information on this page should be used as a complementary analysis to other La Z's 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for La Z Stock analysis

When running La-Z-Boy price analysis, check to measure La Z'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 La Z is operating at the current time. Most of La Z's value examination focuses on studying past and present price action to predict the probability of La Z's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move La Z's price. Additionally, you may evaluate how the addition of La Z to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
La Z 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 La Z technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of La Z 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...