Lucara Diamond Corp Stock Market Value
| LUCRF Stock | USD 0.37 0.02 5.71% |
| 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 pink sheet 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.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Lucara Diamond on June 12, 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 Gatos Silver, Triple Flag, Libero Copper, Summa Silver, GoGold Resources, Eastern Platinum, and Denarius Silver. Lucara Diamond Corp., a diamond mining company, focuses on the development and operation of diamond properties in Africa 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 pink sheet 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 | 5.35 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 21.44 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 6.67 |
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 | 0.0661 | |||
| Jensen Alpha | 0.198 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | 0.3774 |
Lucara Diamond Corp Backtested Returns
Lucara Diamond appears to be out of control, given 3 months investment horizon. Lucara Diamond Corp has Sharpe Ratio of 0.0911, which conveys that the firm had a 0.0911% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lucara Diamond, which you can use to evaluate the volatility of the firm. Please exercise Lucara Diamond's Mean Deviation of 2.63, risk adjusted performance of 0.0661, and Downside Deviation of 5.35 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 0.75, which conveys possible diversification benefits within a given portfolio. 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 information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Lucara Diamond's current price movements will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Lucara Diamond Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 Lucara Diamond Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Lucara Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lucara Diamond Corp lagged returns against current returns
Autocorrelation, which is Lucara Diamond pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucara Diamond pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucara Diamond pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Lucara Pink Sheet
Lucara Diamond financial ratios help investors to determine whether Lucara Pink Sheet 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 Lucara with respect to the benefits of owning Lucara Diamond security.