Latin Resources (Australia) Market Value
| LRS Stock | 0.18 0.01 5.26% |
| Symbol | Latin |
Latin 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 Latin Resources' 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 Latin Resources.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Latin Resources on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Latin Resources or generate 0.0% return on investment in Latin Resources over 30 days. Latin Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Latin Resources is entity of Australia. It is traded as Stock on AU exchange. More
Latin 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 Latin Resources' 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 Latin Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.02 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.26 |
Latin Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Latin Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Latin Resources' standard deviation. In reality, there are many statistical measures that can use Latin Resources historical prices to predict the future Latin Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 1.19 |
Latin Resources Backtested Returns
Latin Resources has Sharpe Ratio of -0.0475, which conveys that the firm had a -0.0475% return per unit of risk over the last 3 months. Latin Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Latin Resources' Standard Deviation of 4.5, insignificant risk adjusted performance, and Mean Deviation of 3.15 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0591, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Latin Resources are expected to decrease at a much lower rate. During the bear market, Latin Resources is likely to outperform the market. At this point, Latin Resources has a negative expected return of -0.21%. Please make sure to verify Latin Resources' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Latin Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Latin Resources has below average predictability. Overlapping area represents the amount of predictability between Latin Resources time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Latin Resources price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Latin Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Latin Resources lagged returns against current returns
Autocorrelation, which is Latin Resources 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 Latin Resources' stock expected returns. We can calculate the autocorrelation of Latin Resources returns to help us make a trade decision. For example, suppose you find that Latin Resources 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 |
Latin 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 Latin Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Latin Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Latin Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Latin Resources Lagged Returns
When evaluating Latin Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Latin Resources stock have on its future price. Latin 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, Latin Resources autocorrelation shows the relationship between Latin Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Latin Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Latin Stock Analysis
When running Latin Resources' price analysis, check to measure Latin Resources' 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 Latin Resources is operating at the current time. Most of Latin Resources' value examination focuses on studying past and present price action to predict the probability of Latin Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Latin Resources' price. Additionally, you may evaluate how the addition of Latin Resources to your portfolios can decrease your overall portfolio volatility.