Legacy Stock Future Price Prediction


USD 17.21  0.06  0.35%   

Legacy Housing Corp stock price prediction is an act of determining the future value of Legacy Housing shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Legacy Housing's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Legacy Housing and does not consider all of the tangible or intangible factors available from Legacy Housing's fundamental data. We analyze noise-free headlines and recent hype associated with Legacy Housing Corp, which may create opportunities for some arbitrage if properly timed.
Additionally, see Legacy Housing Basic Forecasting Models to cross-verify your projections.
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Legacy Housing based on different types of headlines from major news networks to social media. The Legacy stock price prediction module provides an analysis of price elasticity to changes in media outlook on Legacy Housing over a specific investment horizon.Using Legacy Housing hype-based prediction, you can estimate the value of Legacy Housing Corp from the perspective of Legacy Housing response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Legacy Housing using Legacy Housing's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Legacy using crowd psychology based on the activity and movement of Legacy Housing's stock price.

Legacy Housing Implied Volatility

Legacy Housing's implied volatility exposes the market's sentiment of Legacy Housing Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Legacy Housing's 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 Legacy Housing stock will not fluctuate a lot when Legacy Housing's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Legacy Housing. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Legacy Housing to buy its stock at a price that has no basis in reality. In that case, they are not buying Legacy because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Legacy Housing after-hype prediction price

  $ 17.18  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Legacy contract

Based on the Rule 16, the options market is currently suggesting that Legacy Housing Corp will have an average daily up or down price movement of about 4.25% per day over the life of the 2022-10-21 option contract. With Legacy Housing trading at $17.21, that is roughly $0.73. If you think that the market is fully incorporating Legacy Housing's daily price movement you should consider acquiring Legacy Housing Corp options at the current volatility level of 68.02%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Legacy Housing'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 Legacy Housing in the context of predictive analytics.
LowReal ValueHigh
LowNext ValueHigh
1 Analysts
LowTarget PriceHigh
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legacy Housing. Your research has to be compared to or analyzed against Legacy Housing's peers to derive any actionable benefits. When done correctly, Legacy Housing'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 Legacy Housing Corp.

Legacy Housing After-Hype Price Prediction Density Analysis

As far as predicting the price of Legacy Housing at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Legacy Housing or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Legacy Housing, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Legacy Housing Estimiated After-Hype Price Volatility

In the context of predicting Legacy Housing's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Legacy Housing's historical news coverage. Legacy Housing's after-hype downside and upside margins for the prediction period are 12.49 and 21.87, respectively. We have considered Legacy Housing's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 17.21
After-hype Price
Legacy Housing is not too volatile asset. Analysis and calculation of next after-hype price of Legacy Housing Corp is based on 3 months time horizon.

Legacy Housing Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as Legacy Housing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legacy Housing backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Legacy Housing, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
 0.47  4.69   0.03    1.26  7 Events / Month1 Events / MonthIn about 7 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility

Legacy Housing Hype Timeline

Legacy Housing Corp is now traded for 17.21. The entity has historical hype elasticity of -0.03 and average elasticity to hype of competition of -1.26. Legacy is forecasted to decline in value after the next headline with the price expected to drop to 17.18. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next newsis expected to be -0.17% whereas the daily expected return is now at 0.47%. The volatility of related hype on Legacy Housing is about 175.0% with expected price after next announcement by competition of 15.95. About 63.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.6. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Legacy Housing Corp had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in about 7 days.
Additionally, see Legacy Housing Basic Forecasting Models to cross-verify your projections.

Legacy Housing Related Hype Analysis

Having access to credible news sources related to Legacy Housing's direct competition is more important than ever and may enhance your ability to predict Legacy Housing's future price movements. Getting to know how Legacy Housing rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Legacy Housing may potentially react to the hype associated with one of its peers.
At Risk
AMZNAmazon Inc(2.68) 10 per month 2.51  0.07  3.91 (3.62)  17.42 

Legacy Housing Additional Predictive Modules

Most predictive techniques to examine Legacy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Legacy using various technical indicators. When you analyze Legacy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Legacy Housing Predictive Indicators

The successful prediction of Legacy Housing stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Legacy Housing Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Legacy Housing based on analysis of Legacy Housing hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Legacy Housing's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Legacy Housing's related companies.

Story Coverage note for Legacy Housing

The number of cover stories for Legacy Housing depends on current market conditions and Legacy Housing's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Legacy Housing is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Legacy Housing's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Legacy Housing Short Properties

Legacy Housing's future price predictability will typically decrease when Legacy Housing's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Legacy Housing Corp often depends not only on the future outlook of the potential Legacy Housing's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legacy Housing's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out1.13%
Short Percent Of Float3.16%
Float Shares9.04M
Average Daily Volume Last 10 Day79.29k
Shares Short Prior Month159.71k
Average Daily Volume In Three Month41.61k
Date Short Interest15th of July 2022
Additionally, see Legacy Housing Basic Forecasting Models to cross-verify your projections. Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Legacy Stock analysis

When running Legacy Housing Corp price analysis, check to measure Legacy Housing'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 Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Global Correlations
Find global opportunities by holding instruments from different markets
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Is Legacy Housing'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 Legacy Housing. If investors know Legacy 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 Legacy Housing 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 Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine Legacy Housing value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.