Laramide Resources Stock Price on November 28, 2024
| LAM Stock | CAD 0.69 0.01 1.43% |
If you're considering investing in Laramide Stock, it is important to understand the factors that can impact its price. As of today, the current price of Laramide Resources stands at 0.69, as last reported on the 11th of December 2024, with the highest price reaching 0.71 and the lowest price hitting 0.68 during the day. Laramide Resources appears to be abnormally volatile, given 3 months investment horizon. Laramide Resources has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Laramide Resources' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Laramide Resources' Mean Deviation of 3.55, downside deviation of 3.92, and Risk Adjusted Performance of 0.0995 to check out if our risk estimates are consistent with your expectations.
Laramide Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Laramide |
Sharpe Ratio = 0.126
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Estimated Market Risk
| 4.92 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Laramide Resources is performing at about 9% 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 Laramide Resources by adding it to a well-diversified portfolio.
Laramide Resources Valuation on November 28, 2024
It is possible to determine the worth of Laramide Resources on a given historical date. On November 28, 2024 Laramide was worth 0.73 at the beginning of the trading date compared to the closed value of 0.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Laramide Resources stock. Still, in general, we apply an absolute valuation method to find Laramide Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Laramide Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Laramide Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.71 | 0.75 | 0.71 | 0.72 | 127,700 | |
11/28/2024 | 0.73 | 0.74 | 0.72 | 0.72 | 10,900 |
| 0.71 | 0.75 | 0.71 | 0.72 | 115,100 |
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Laramide Resources Trading Date Momentum on November 28, 2024
| On November 29 2024 Laramide Resources was traded for 0.72 at the closing time. The maximum traded price for the trading interval was 0.75 and the lowest daily price was 0.71 . The daily volume was recorded at 115.1 K. The volume of trading on 29th of November 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.39% . |
Laramide Resources Fundamentals Correlations and Trends
By evaluating Laramide Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Laramide Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Laramide financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Laramide Resources Stock history
Laramide Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Laramide is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Laramide Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Laramide Resources stock prices may prove useful in developing a viable investing in Laramide Resources
Laramide Resources Ltd. explores for and develops uranium projects in Australia and the United States. Laramide Resources Ltd. was incorporated in 1980 and is headquartered in Toronto, Canada. LARAMIDE RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 7 people.
Laramide Resources Stock Technical Analysis
Laramide Resources 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.
Price Boundaries
Laramide Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Laramide Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Laramide Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Laramide Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Laramide Resources shares will generate the highest return on investment. By undertsting and applying Laramide Resources stock market strength indicators, traders can identify Laramide Resources entry and exit signals to maximize returns
Laramide Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Laramide Resources' price direction in advance. Along with the technical and fundamental analysis of Laramide Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Laramide to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.7275 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | (0.59) |
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Other Information on Investing in Laramide Stock
Laramide Resources financial ratios help investors to determine whether Laramide Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Laramide with respect to the benefits of owning Laramide Resources security.