L3Harris Stock Performance

LHX -  USA Stock  

USD 236.65  1.01  0.42%

L3Harris Technologies has performance score of 3 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.165, which conveys not very significant fluctuations relative to the market. 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. Although it is extremely important to respect L3Harris Technologies price patterns, it is better to be realistic regarding the information on equity historical price patterns. The way in which we are 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 analyzing L3Harris Technologies technical indicators, you can at this time evaluate if the expected return of 0.0862% will be sustainable into the future. L3Harris Technologies at this moment secures a risk of 2.07%. Please verify L3Harris Technologies treynor ratio, as well as the relationship between the expected short fall and day median price to decide if L3Harris Technologies will be following its current price movements.
  
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L3Harris Performance
3 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in L3Harris Technologies are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong technical indicators, L3Harris Technologies is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more

L3Harris Price Channel

Quick Ratio1.02
Fifty Two Week Low200.71
Fifty Two Week High279.71
Payout Ratio45.04%
Trailing Annual Dividend Yield1.68%

L3Harris Technologies Relative Risk vs. Return Landscape

If you would invest  22,747  in L3Harris Technologies on February 24, 2022 and sell it today you would earn a total of  969.00  from holding L3Harris Technologies or generate 4.26% return on investment over 90 days. L3Harris Technologies is generating 0.0862% of daily returns assuming volatility of 2.0693% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than L3Harris, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon L3Harris Technologies is expected to generate 1.53 times more return on investment than the market. However, the company is 1.53 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly -0.03 per unit of risk.

L3Harris Technologies Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for L3Harris Technologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as L3Harris Technologies, and traders can use it to determine the average amount a L3Harris Technologies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0416

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Estimated Market Risk
 2.07
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.09
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 1 %
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11
Risk-Adjusted Return
 0.04
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 3 %
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33
Based on monthly moving average L3Harris Technologies is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of L3Harris Technologies by adding it to a well-diversified portfolio.

About L3Harris Technologies Performance

To evaluate L3Harris Technologies Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when L3Harris Technologies generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare L3Harris Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand L3Harris Technologies stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents L3Harris's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-3 M-3.2 M
Return on Average Assets 0.05  0.05 
Return on Average Equity 0.09  0.12 
Return on Invested Capital 0.20  0.18 
Return on Sales 0.14  0.15 
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.

Things to note about L3Harris Technologies

Checking the ongoing alerts about L3Harris Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for L3Harris Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

L3Harris Technologies Alerts

Equity Alerts and Improvement Suggestions

L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS.
Over 81.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: US DoD Picks L3Harris For Artificial Intelligence Services - Benzinga - Benzinga
Additionally, see Stocks Correlation. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.
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.