Lucara Diamond (Sweden) Market Value
| LUC Stock | SEK 3.89 0.20 5.42% |
| Symbol | Lucara |
Lucara Diamond '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 Lucara Diamond'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 Lucara Diamond.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Lucara Diamond on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Lucara Diamond Corp or generate 0.0% return on investment in Lucara Diamond over 540 days. Lucara Diamond is related to or competes with Africa Oil, Lundin Gold, Lundin Mining, and Inwido AB. Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of d... More
Lucara Diamond 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 Lucara Diamond'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 Lucara Diamond Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.0391 | |||
| Maximum Drawdown | 30.29 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 5.42 |
Lucara Diamond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lucara Diamond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lucara Diamond's standard deviation. In reality, there are many statistical measures that can use Lucara Diamond historical prices to predict the future Lucara Diamond's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.2276 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0375 | |||
| Treynor Ratio | 1.16 |
Lucara Diamond Corp Backtested Returns
Lucara Diamond appears to be dangerous, given 3 months investment horizon. Lucara Diamond Corp has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lucara Diamond, which you can use to evaluate the volatility of the firm. Please exercise Lucara Diamond's Mean Deviation of 2.09, risk adjusted performance of 0.0651, and Downside Deviation of 3.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lucara Diamond holds a performance score of 7. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lucara Diamond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lucara Diamond is expected to be smaller as well. Please check Lucara Diamond's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Lucara Diamond's current price movements will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Lucara Diamond Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Lucara Diamond Corp price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Lucara Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Lucara Diamond Corp lagged returns against current returns
Autocorrelation, which is Lucara Diamond 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 Lucara Diamond's stock expected returns. We can calculate the autocorrelation of Lucara Diamond returns to help us make a trade decision. For example, suppose you find that Lucara Diamond 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 |
Lucara Diamond 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 Lucara Diamond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucara Diamond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucara Diamond stock over time.
Current vs Lagged Prices |
| Timeline |
Lucara Diamond Lagged Returns
When evaluating Lucara Diamond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lucara Diamond stock have on its future price. Lucara Diamond 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, Lucara Diamond autocorrelation shows the relationship between Lucara Diamond stock current value and its past values and can show if there is a momentum factor associated with investing in Lucara Diamond Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Lucara Stock Analysis
When running Lucara Diamond's price analysis, check to measure Lucara Diamond'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 Lucara Diamond is operating at the current time. Most of Lucara Diamond's value examination focuses on studying past and present price action to predict the probability of Lucara Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucara Diamond's price. Additionally, you may evaluate how the addition of Lucara Diamond to your portfolios can decrease your overall portfolio volatility.