Laramide Resources Stock Market Value
| LMRXF Stock | USD 0.53 0.02 3.92% |
| Symbol | Laramide |
Laramide Resources '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 Laramide Resources' 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 Laramide Resources.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Laramide Resources on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Laramide Resources or generate 0.0% return on investment in Laramide Resources over 570 days. Laramide Resources is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Laramide Resources Ltd. engages in the mining, exploration, and development of uranium assets in Australia, Canada, and ... More
Laramide Resources 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 Laramide Resources' 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 Laramide Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0994 | |||
| Maximum Drawdown | 22.22 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 10.53 |
Laramide Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laramide Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laramide Resources' standard deviation. In reality, there are many statistical measures that can use Laramide Resources historical prices to predict the future Laramide Resources' volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.6526 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1213 | |||
| Treynor Ratio | (1.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Laramide Resources' 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.
Laramide Resources Backtested Returns
Laramide Resources appears to be out of control, given 3 months investment horizon. Laramide Resources has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Laramide Resources' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please exercise Laramide Resources' Mean Deviation of 3.61, risk adjusted performance of 0.1042, and Downside Deviation of 4.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Laramide Resources holds a performance score of 9. 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 Laramide Resources are expected to decrease at a much lower rate. During the bear market, Laramide Resources is likely to outperform the market. Please check Laramide Resources' value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Laramide Resources' current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Laramide Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Laramide Resources time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Laramide Resources price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Laramide Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Laramide Resources lagged returns against current returns
Autocorrelation, which is Laramide Resources 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 Laramide Resources' otc stock expected returns. We can calculate the autocorrelation of Laramide Resources returns to help us make a trade decision. For example, suppose you find that Laramide Resources 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 |
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Laramide Resources 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 Laramide Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laramide Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laramide Resources otc stock over time.
Current vs Lagged Prices |
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Laramide Resources Lagged Returns
When evaluating Laramide Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laramide Resources otc stock have on its future price. Laramide Resources 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, Laramide Resources autocorrelation shows the relationship between Laramide Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Laramide Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Laramide OTC Stock
Laramide Resources financial ratios help investors to determine whether Laramide 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 Laramide with respect to the benefits of owning Laramide Resources security.