Lumina Gold Corp Stock Market Value
| LMGDF Stock | USD 0.37 0.02 5.71% |
| Symbol | Lumina |
Lumina Gold '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 Lumina Gold's otc 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 Lumina Gold.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Lumina Gold on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Lumina Gold Corp or generate 0.0% return on investment in Lumina Gold over 30 days. Lumina Gold is related to or competes with Fortune Bay, Lundin Gold, Liberty Gold, Cerrado Gold, Bellevue Gold, Radisson Mining, and Asante Gold. Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of... More
Lumina Gold 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 Lumina Gold's otc 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 Lumina Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.08 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.89 |
Lumina Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumina Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumina Gold's standard deviation. In reality, there are many statistical measures that can use Lumina Gold historical prices to predict the future Lumina Gold's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.0436 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2257 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lumina Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Lumina Gold Corp Backtested Returns
At this point, Lumina Gold is out of control. Lumina Gold Corp has Sharpe Ratio of 0.0413, which conveys that the firm had a 0.0413% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lumina Gold, which you can use to evaluate the volatility of the firm. Please verify Lumina Gold's Risk Adjusted Performance of 0.0303, downside deviation of 3.96, and Mean Deviation of 2.77 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Lumina Gold has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lumina Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lumina Gold is expected to be smaller as well. Lumina Gold Corp right now secures a risk of 3.81%. Please verify Lumina Gold Corp total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Lumina Gold Corp will be following its current price movements.
Auto-correlation | -0.41 |
Modest reverse predictability
Lumina Gold Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Lumina Gold time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Lumina Gold Corp price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Lumina Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lumina Gold Corp lagged returns against current returns
Autocorrelation, which is Lumina Gold otc 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 Lumina Gold's otc stock expected returns. We can calculate the autocorrelation of Lumina Gold returns to help us make a trade decision. For example, suppose you find that Lumina Gold has exhibited high autocorrelation historically, and you observe that the otc 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 |
Lumina Gold 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 Lumina Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumina Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumina Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Lumina Gold Lagged Returns
When evaluating Lumina Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumina Gold otc stock have on its future price. Lumina Gold 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, Lumina Gold autocorrelation shows the relationship between Lumina Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Lumina Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Lumina OTC Stock
Lumina Gold financial ratios help investors to determine whether Lumina OTC 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 Lumina with respect to the benefits of owning Lumina Gold security.