Labrador Iron Ore Stock Market Value
| LIF Stock | CAD 29.33 0.19 0.65% |
| Symbol | Labrador |
Labrador Iron Ore Price To Book Ratio
Labrador Iron '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 Labrador Iron'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 Labrador Iron.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Labrador Iron on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Labrador Iron Ore or generate 0.0% return on investment in Labrador Iron over 30 days. Labrador Iron is related to or competes with Keyera Corp, Russel Metals, Freehold Royalties, Capital Power, and Exchange Income. Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10 percent equit... More
Labrador Iron 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 Labrador Iron'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 Labrador Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.49 |
Labrador Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Labrador Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Labrador Iron's standard deviation. In reality, there are many statistical measures that can use Labrador Iron historical prices to predict the future Labrador Iron's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0) |
Labrador Iron Ore Backtested Returns
Labrador Iron Ore has Sharpe Ratio of -1.0E-4, which conveys that the firm had a -1.0E-4% return per unit of risk over the last 3 months. Labrador Iron exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Labrador Iron's Downside Deviation of 1.42, mean deviation of 1.02, and Risk Adjusted Performance of 0.0107 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Labrador Iron are expected to decrease at a much lower rate. During the bear market, Labrador Iron is likely to outperform the market. At this point, Labrador Iron Ore has a negative expected return of -1.0E-4%. Please make sure to verify Labrador Iron's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Labrador Iron Ore performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Labrador Iron Ore has good reverse predictability. Overlapping area represents the amount of predictability between Labrador Iron time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Labrador Iron Ore price movement. The serial correlation of -0.55 indicates that about 55.0% of current Labrador Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Labrador Iron Ore lagged returns against current returns
Autocorrelation, which is Labrador Iron 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 Labrador Iron's stock expected returns. We can calculate the autocorrelation of Labrador Iron returns to help us make a trade decision. For example, suppose you find that Labrador Iron 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 |
Labrador Iron 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 Labrador Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Labrador Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Labrador Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Labrador Iron Lagged Returns
When evaluating Labrador Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Labrador Iron stock have on its future price. Labrador Iron 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, Labrador Iron autocorrelation shows the relationship between Labrador Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Labrador Iron Ore.
Regressed Prices |
| Timeline |
Pair Trading with Labrador Iron
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 Labrador Iron 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 Labrador Iron will appreciate offsetting losses from the drop in the long position's value.Moving together with Labrador Stock
Moving against Labrador Stock
The ability to find closely correlated positions to Labrador Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Labrador Iron 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 Labrador Iron - 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 Labrador Iron Ore to buy it.
The correlation of Labrador Iron 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 Labrador Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Labrador Iron Ore 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 Labrador Iron 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 Labrador Stock
Labrador Iron financial ratios help investors to determine whether Labrador 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 Labrador with respect to the benefits of owning Labrador Iron security.