Leeuwin Metals (Australia) Market Value
| LM1 Stock | 0.07 0.00 0.00% |
| Symbol | Leeuwin |
Leeuwin Metals '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 Leeuwin Metals' 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 Leeuwin Metals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Leeuwin Metals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Leeuwin Metals or generate 0.0% return on investment in Leeuwin Metals over 30 days. Leeuwin Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Leeuwin Metals is entity of Australia. It is traded as Stock on AU exchange. More
Leeuwin Metals 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 Leeuwin Metals' 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 Leeuwin Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.29 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 2.53 |
Leeuwin Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leeuwin Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leeuwin Metals' standard deviation. In reality, there are many statistical measures that can use Leeuwin Metals historical prices to predict the future Leeuwin Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.58) |
Leeuwin Metals Backtested Returns
Leeuwin Metals has Sharpe Ratio of -0.0572, which conveys that the firm had a -0.0572% return per unit of risk over the last 3 months. Leeuwin Metals exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leeuwin Metals' Mean Deviation of 0.7417, risk adjusted performance of (0.02), and Standard Deviation of 2.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Leeuwin Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Leeuwin Metals is expected to be smaller as well. At this point, Leeuwin Metals has a negative expected return of -0.13%. Please make sure to verify Leeuwin Metals' coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Leeuwin Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Leeuwin Metals has no correlation between past and present. Overlapping area represents the amount of predictability between Leeuwin Metals 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 Leeuwin Metals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Leeuwin Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Leeuwin Metals lagged returns against current returns
Autocorrelation, which is Leeuwin Metals 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 Leeuwin Metals' stock expected returns. We can calculate the autocorrelation of Leeuwin Metals returns to help us make a trade decision. For example, suppose you find that Leeuwin Metals 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 |
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Leeuwin Metals 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 Leeuwin Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leeuwin Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leeuwin Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Leeuwin Metals Lagged Returns
When evaluating Leeuwin Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leeuwin Metals stock have on its future price. Leeuwin Metals 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, Leeuwin Metals autocorrelation shows the relationship between Leeuwin Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Leeuwin Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Leeuwin Stock Analysis
When running Leeuwin Metals' price analysis, check to measure Leeuwin Metals' 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 Leeuwin Metals is operating at the current time. Most of Leeuwin Metals' value examination focuses on studying past and present price action to predict the probability of Leeuwin Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leeuwin Metals' price. Additionally, you may evaluate how the addition of Leeuwin Metals to your portfolios can decrease your overall portfolio volatility.