Laramide Resources Stock Market Value
| LAM Stock | CAD 0.72 0.03 4.00% |
| Symbol | Laramide |
Laramide Resources Price To Book Ratio
Laramide Resources '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 Laramide Resources' 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 Laramide Resources.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Laramide Resources on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Laramide Resources or generate 0.0% return on investment in Laramide Resources over 540 days. Laramide Resources is related to or competes with Mega Uranium, Forsys Metals, Pinetree Capital, and Ur Energy. Laramide Resources Ltd. explores for and develops uranium projects in Australia and the United States More
Laramide Resources 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 Laramide Resources' 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 Laramide Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.93 | |||
| Information Ratio | 0.0674 | |||
| Maximum Drawdown | 27.28 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 12.31 |
Laramide Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laramide Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laramide Resources' standard deviation. In reality, there are many statistical measures that can use Laramide Resources historical prices to predict the future Laramide Resources' volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.5788 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0786 | |||
| Treynor Ratio | (0.76) |
Laramide Resources Backtested Returns
Laramide Resources appears to be out of control, given 3 months investment horizon. Laramide Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Laramide Resources' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise Laramide Resources' Risk Adjusted Performance of 0.0771, mean deviation of 4.22, and Downside Deviation of 4.93 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Laramide Resources holds a performance score of 11. The company secures a Beta (Market Risk) of -0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Laramide Resources are expected to decrease at a much lower rate. During the bear market, Laramide Resources is likely to outperform the market. Please check Laramide Resources' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Laramide Resources' current price movements will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Laramide Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Laramide Resources time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Laramide Resources price movement. The serial correlation of -0.17 indicates that over 17.0% of current Laramide Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Laramide Resources lagged returns against current returns
Autocorrelation, which is Laramide Resources 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 Laramide Resources' stock expected returns. We can calculate the autocorrelation of Laramide Resources returns to help us make a trade decision. For example, suppose you find that Laramide Resources 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Laramide Resources 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 Laramide Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laramide Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laramide Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Laramide Resources Lagged Returns
When evaluating Laramide Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laramide Resources stock have on its future price. Laramide Resources 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, Laramide Resources autocorrelation shows the relationship between Laramide Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Laramide Resources.
Regressed Prices |
| Timeline |
Pair Trading with Laramide Resources
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 Laramide Resources 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Laramide Stock
| 0.87 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.79 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.74 | ENS | E Split Corp | PairCorr |
| 0.64 | ENS-PA | E Split Corp | PairCorr |
Moving against Laramide Stock
The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources 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 Laramide Resources - 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 Laramide Resources to buy it.
The correlation of Laramide Resources 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide Resources 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 Laramide Resources 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.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.