La-Z-Boy Stock Market Value

LZB
 Stock
  

USD 24.77  0.17  0.68%   

La-Z-Boy Incorporated's market value is the price at which a share of La-Z-Boy Incorporated stock trades on a public exchange. It measures the collective expectations of La-Z-Boy Incorporated 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 Incorporated and determine expected loss or profit from investing in La-Z-Boy Incorporated over a given investment horizon. Additionally, see La-Z-Boy Incorporated Correlation, La-Z-Boy Incorporated Volatility and La-Z-Boy Incorporated Alpha and Beta module to complement your research on La-Z-Boy Incorporated.
Symbol


Is La-Z-Boy Incorporated'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-Boy Incorporated. If investors know La-Z-Boy 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-Boy Incorporated 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
20.61
The market value of La-Z-Boy Incorporated is measured differently than its book value, which is the value of La-Z-Boy that is recorded on the company's balance sheet. Investors also form their own opinion of La-Z-Boy Incorporated's value that differs from its market value or its book value, called intrinsic value, which is La-Z-Boy Incorporated'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-Boy Incorporated's market value can be influenced by many factors that don't directly affect La-Z-Boy Incorporated'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-Boy Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine La-Z-Boy Incorporated value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, La-Z-Boy Incorporated'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-Boy Incorporated '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-Boy Incorporated'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-Boy Incorporated.
0.00
11/09/2021
No Change 0.00  0.0 
In 1 year and 26 days
12/04/2022
0.00
If you would invest  0.00  in La-Z-Boy Incorporated on November 9, 2021 and sell it all today you would earn a total of 0.00 from holding La-Z-Boy Incorporated or generate 0.0% return on investment in La-Z-Boy Incorporated over 390 days. La-Z-Boy Incorporated is related to or competes with American Woodmark, Crown Crafts, Ethan Allen, IRobot, and Lifetime Brands. La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, a... More

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

La-Z-Boy Incorporated Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for La-Z-Boy Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as La-Z-Boy Incorporated's standard deviation. In reality, there are many statistical measures that can use La-Z-Boy Incorporated historical prices to predict the future La-Z-Boy Incorporated'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-Boy Incorporated'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-Boy Incorporated in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
22.0124.7727.53
Details
Intrinsic
Valuation
LowReal ValueHigh
22.2930.0832.84
Details
2 Analysts
Consensus
LowTarget PriceHigh
46.0046.0046.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
3.623.763.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as La-Z-Boy Incorporated. Your research has to be compared to or analyzed against La-Z-Boy Incorporated's peers to derive any actionable benefits. When done correctly, La-Z-Boy Incorporated'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 Incorporated.

La-Z-Boy Incorporated Backtested Returns

La-Z-Boy Incorporated retains Efficiency (Sharpe Ratio) of -0.0043, which conveys that the firm had -0.0043% of return per unit of price deviation over the last 3 months. Macroaxis approach into 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. La-Z-Boy Incorporated exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify La-Z-Boy Incorporated Standard Deviation of 2.72, market risk adjusted performance of (0.032125), and Mean Deviation of 2.13 to check out the risk estimate we provide.
The company owns a Beta (Systematic Risk) of 1.4127, which conveys a somewhat significant risk relative to the market. Let's try to break down what La-Z-Boy'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-Boy Incorporated will likely underperform. Even though it is essential to pay attention to La-Z-Boy Incorporated existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach into 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. La-Z-Boy Incorporated exposes twenty-seven different technical indicators, which can help you to evaluate its performance. La-Z-Boy Incorporated has an expected return of -0.0119%. Please be advised to verify La-Z-Boy Incorporated 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 Incorporated performance from the past will be repeated in the future.

Auto-correlation

    
  0.36  

Below average predictability

La-Z-Boy Incorporated has below average predictability. Overlapping area represents the amount of predictability between La-Z-Boy Incorporated time series from 9th of November 2021 to 23rd of May 2022 and 23rd of May 2022 to 4th of December 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 Incorporated price movement. The serial correlation of 0.36 indicates that just about 36.0% of current La-Z-Boy Incorporated price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.02
Residual Average0.0
Price Variance3.63

La-Z-Boy Incorporated lagged returns against current returns

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

La-Z-Boy Incorporated 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-Boy Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if La-Z-Boy Incorporated 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-Boy Incorporated stock over time.
   Current vs Lagged Prices   
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       Timeline  

La-Z-Boy Incorporated Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in La-Z-Boy Incorporated without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see La-Z-Boy Incorporated Correlation, La-Z-Boy Incorporated Volatility and La-Z-Boy Incorporated Alpha and Beta module to complement your research on La-Z-Boy Incorporated. Note that the La-Z-Boy Incorporated information on this page should be used as a complementary analysis to other La-Z-Boy Incorporated'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running La-Z-Boy Incorporated price analysis, check to measure La-Z-Boy Incorporated'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-Boy Incorporated is operating at the current time. Most of La-Z-Boy Incorporated's value examination focuses on studying past and present price action to predict the probability of La-Z-Boy Incorporated'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-Boy Incorporated's price. Additionally, you may evaluate how the addition of La-Z-Boy Incorporated to your portfolios can decrease your overall portfolio volatility.
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La-Z-Boy Incorporated 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-Boy Incorporated 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-Boy Incorporated 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...