Lumine Group Stock Market Value
| LMN Stock | 43.90 0.20 0.45% |
| Symbol | Lumine |
Lumine Group Price To Book Ratio
Lumine '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 Lumine'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 Lumine.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Lumine on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Lumine Group or generate 0.0% return on investment in Lumine over 30 days. Lumine is related to or competes with Adcore, Quisitive Technology, and Plurilock Security. Lumine is entity of Canada. It is traded as Stock on V exchange. More
Lumine 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 Lumine'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 Lumine Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 14.23 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 4.51 |
Lumine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumine's standard deviation. In reality, there are many statistical measures that can use Lumine historical prices to predict the future Lumine's volatility.| Risk Adjusted Performance | 0.1088 | |||
| Jensen Alpha | 0.3173 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1263 | |||
| Treynor Ratio | 2.68 |
Lumine Group Backtested Returns
Lumine appears to be very steady, given 3 months investment horizon. Lumine Group has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lumine, which you can use to evaluate the volatility of the firm. Please exercise Lumine's Risk Adjusted Performance of 0.1088, mean deviation of 1.66, and Downside Deviation of 1.81 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lumine holds a performance score of 13. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lumine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lumine is expected to be smaller as well. Please check Lumine's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Lumine's current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
Lumine Group has poor predictability. Overlapping area represents the amount of predictability between Lumine time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Lumine Group price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Lumine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Lumine Group lagged returns against current returns
Autocorrelation, which is Lumine 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 Lumine's stock expected returns. We can calculate the autocorrelation of Lumine returns to help us make a trade decision. For example, suppose you find that Lumine 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 |
Lumine 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 Lumine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumine stock over time.
Current vs Lagged Prices |
| Timeline |
Lumine Lagged Returns
When evaluating Lumine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumine stock have on its future price. Lumine 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, Lumine autocorrelation shows the relationship between Lumine stock current value and its past values and can show if there is a momentum factor associated with investing in Lumine Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lumine Stock Analysis
When running Lumine's price analysis, check to measure Lumine's 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 Lumine is operating at the current time. Most of Lumine's value examination focuses on studying past and present price action to predict the probability of Lumine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumine's price. Additionally, you may evaluate how the addition of Lumine to your portfolios can decrease your overall portfolio volatility.