Lomiko Metals Stock Market Value
| LMR Stock | CAD 0.13 0.01 7.14% |
| Symbol | Lomiko |
Lomiko Metals Price To Book Ratio
Lomiko 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 Lomiko 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 Lomiko Metals.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Lomiko Metals on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Lomiko Metals or generate 0.0% return on investment in Lomiko Metals over 180 days. Lomiko Metals is related to or competes with Sangoma Technologies, AGF Management, Metalero Mining, NeXGold Mining, and Brookfield Asset. Lomiko Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of resource p... More
Lomiko 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 Lomiko 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 Lomiko Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 6.67 |
Lomiko Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lomiko Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lomiko Metals' standard deviation. In reality, there are many statistical measures that can use Lomiko Metals historical prices to predict the future Lomiko Metals' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (4.65) |
Lomiko Metals Backtested Returns
Lomiko Metals has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. Lomiko Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lomiko Metals' Risk Adjusted Performance of (0.14), mean deviation of 3.56, and Standard Deviation of 4.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lomiko Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lomiko Metals is expected to be smaller as well. At this point, Lomiko Metals has a negative expected return of -0.92%. Please make sure to verify Lomiko Metals' maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if Lomiko Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Lomiko Metals has very good predictability. Overlapping area represents the amount of predictability between Lomiko Metals time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Lomiko Metals price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Lomiko Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lomiko Metals lagged returns against current returns
Autocorrelation, which is Lomiko 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 Lomiko Metals' stock expected returns. We can calculate the autocorrelation of Lomiko Metals returns to help us make a trade decision. For example, suppose you find that Lomiko 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 |
| Timeline |
Lomiko 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 Lomiko Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lomiko Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lomiko Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Lomiko Metals Lagged Returns
When evaluating Lomiko Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lomiko Metals stock have on its future price. Lomiko 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, Lomiko Metals autocorrelation shows the relationship between Lomiko Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Lomiko Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lomiko Stock Analysis
When running Lomiko Metals' price analysis, check to measure Lomiko 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 Lomiko Metals is operating at the current time. Most of Lomiko Metals' value examination focuses on studying past and present price action to predict the probability of Lomiko Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lomiko Metals' price. Additionally, you may evaluate how the addition of Lomiko Metals to your portfolios can decrease your overall portfolio volatility.