La-Z-Boy Stock Math Transform Inverse Tangent Over Price Movement

LZB
 Stock
  

USD 24.44  0.33  1.33%   

La-Z-Boy Incorporated math transform tool provides the execution environment for running the Inverse Tangent Over Price Movement transformation and other technical functions against La-Z-Boy Incorporated. La-Z-Boy Incorporated value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of math transform indicators. As with most other technical indicators, the Inverse Tangent Over Price Movement transformation function is designed to identify and follow existing trends. Analysts that use price transformation techniques rely on the belief that biggest profits from investing in La-Z-Boy Incorporated can be made when La-Z-Boy Incorporated shifts in price trends from positive to negative or vice versa.

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. La-Z-Boy Incorporated Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe La-Z-Boy Incorporated price patterns.
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La-Z-Boy Incorporated Technical Analysis Modules

Most technical analysis of La-Z-Boy Incorporated help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for La-Z-Boy from various momentum indicators to cycle indicators. When you analyze La-Z-Boy 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 La-Z-Boy Incorporated Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of La-Z-Boy Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of La-Z-Boy Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing La-Z-Boy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build La-Z-Boy Incorporated's daily price indicators and compare them against related drivers, such as math transform and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of La-Z-Boy Incorporated's intrinsic value. In addition to deriving basic predictive indicators for La-Z-Boy Incorporated, we also check how macroeconomic factors affect La-Z-Boy Incorporated price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 (projected)
Long Term Debt to Equity0.0010790.001107
Interest Coverage18.4818.97
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
21.6724.4327.19
Details
Intrinsic
Valuation
LowReal ValueHigh
22.0029.8832.64
Details
Naive
Forecast
LowNext ValueHigh
21.3624.1226.89
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-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.

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Technical Analysis

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La-Z-Boy Incorporated pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if La-Z-Boy Incorporated position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in La-Z-Boy Incorporated will appreciate offsetting losses from the drop in the long position's value.

La-Z-Boy Incorporated Pair Trading

La-Z-Boy Incorporated Pair Trading Analysis

The ability to find closely correlated positions to La-Z-Boy Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace La-Z-Boy Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back La-Z-Boy Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling La-Z-Boy Incorporated to buy it.
The correlation of La-Z-Boy Incorporated is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as La-Z-Boy Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if La-Z-Boy Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for La-Z-Boy Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Additionally, see Correlation Analysis. 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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for La-Z-Boy Stock analysis

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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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
0.21
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.