Luminar Technologies Stock Beta
| LAZR Stock | USD 2.01 0.01 0.50% |
Fundamental analysis of Luminar Technologies allows traders to better anticipate movements in Luminar Technologies' stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Luminar Technologies Company Beta Analysis
Luminar Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Luminar Technologies Beta | 1.95 |
Most of Luminar Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Luminar Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Luminar Technologies has a Beta of 1.949. This is 132.02% higher than that of the Automobile Components sector and 31.69% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Luminar Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Luminar Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Luminar Technologies could also be used in its relative valuation, which is a method of valuing Luminar Technologies by comparing valuation metrics of similar companies.Luminar Technologies is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Luminar Technologies will likely underperform.
Luminar Fundamentals
| Return On Equity | -24.25 | ||||
| Return On Asset | -0.54 | ||||
| Profit Margin | (1.66) % | ||||
| Operating Margin | (2.44) % | ||||
| Current Valuation | 507.14 M | ||||
| Shares Outstanding | 63.89 M | ||||
| Shares Owned By Insiders | 4.91 % | ||||
| Shares Owned By Institutions | 23.44 % | ||||
| Number Of Shares Shorted | 13.26 M | ||||
| Price To Book | 60.04 X | ||||
| Price To Sales | 1.92 X | ||||
| Revenue | 75.39 M | ||||
| Gross Profit | (17.38 M) | ||||
| EBITDA | (242.8 M) | ||||
| Net Income | (273.14 M) | ||||
| Cash And Equivalents | 553.05 M | ||||
| Cash Per Share | 1.52 X | ||||
| Total Debt | 534.65 M | ||||
| Current Ratio | 9.86 X | ||||
| Book Value Per Share | (4.67) X | ||||
| Cash Flow From Operations | (276.63 M) | ||||
| Short Ratio | 3.39 X | ||||
| Earnings Per Share | (2.38) X | ||||
| Price To Earnings To Growth | 0.11 X | ||||
| Target Price | 2.67 | ||||
| Number Of Employees | 580 | ||||
| Beta | 1.95 | ||||
| Market Capitalization | 138.9 M | ||||
| Total Asset | 365.21 M | ||||
| Retained Earnings | (2.11 B) | ||||
| Working Capital | 184.64 M | ||||
| Net Asset | 365.21 M |
About Luminar Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Luminar Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Luminar Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Luminar Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Luminar Technologies
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 Luminar Technologies 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 Luminar Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Luminar Stock
Moving against Luminar Stock
| 0.87 | DORM | Dorman Products | PairCorr |
| 0.86 | HOG | Harley Davidson | PairCorr |
| 0.85 | CPS | Cooper Stnd | PairCorr |
| 0.84 | BWA | BorgWarner | PairCorr |
| 0.82 | DAN | Dana Inc | PairCorr |
The ability to find closely correlated positions to Luminar Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luminar Technologies 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 Luminar Technologies - 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 Luminar Technologies to buy it.
The correlation of Luminar Technologies is a statistical measure of how it moves in relation to other instruments. 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 Luminar Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luminar Technologies 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 Luminar Technologies 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.Additional Tools for Luminar Stock Analysis
When running Luminar Technologies' price analysis, check to measure Luminar Technologies' 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 Luminar Technologies is operating at the current time. Most of Luminar Technologies' value examination focuses on studying past and present price action to predict the probability of Luminar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luminar Technologies' price. Additionally, you may evaluate how the addition of Luminar Technologies to your portfolios can decrease your overall portfolio volatility.