LABYRINTH RESOURCES's market value is the price at which a share of LABYRINTH RESOURCES trades on a public exchange. It measures the collective expectations of LABYRINTH RESOURCES LTD investors about its performance. LABYRINTH RESOURCES is trading at 0.07 as of the 21st of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.07. With this module, you can estimate the performance of a buy and hold strategy of LABYRINTH RESOURCES LTD and determine expected loss or profit from investing in LABYRINTH RESOURCES over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
LABYRINTH
LABYRINTH 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 LABYRINTH RESOURCES'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 LABYRINTH RESOURCES.
0.00
10/22/2024
No Change 0.00
0.0
In 2 months and 2 days
12/21/2024
0.00
If you would invest 0.00 in LABYRINTH RESOURCES on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding LABYRINTH RESOURCES LTD or generate 0.0% return on investment in LABYRINTH RESOURCES over 60 days.
LABYRINTH 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 LABYRINTH RESOURCES'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 LABYRINTH RESOURCES LTD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for LABYRINTH RESOURCES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LABYRINTH RESOURCES's standard deviation. In reality, there are many statistical measures that can use LABYRINTH RESOURCES historical prices to predict the future LABYRINTH RESOURCES's volatility.
LABYRINTH RESOURCES is out of control given 3 months investment horizon. LABYRINTH RESOURCES LTD retains Efficiency (Sharpe Ratio) of 0.15, which conveys that the company had a 0.15% return per unit of return volatility over the last 3 months. We were able to analyze twenty-five different technical indicators, which can help you to evaluate if expected returns of 6.24% are justified by taking the suggested risk. Use LABYRINTH RESOURCES LTD Downside Deviation of 34.95, market risk adjusted performance of 0.8982, and Mean Deviation of 16.17 to evaluate company specific risk that cannot be diversified away. LABYRINTH RESOURCES holds a performance score of 11 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 6.38, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LABYRINTH RESOURCES will likely underperform. Use LABYRINTH RESOURCES LTD mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on LABYRINTH RESOURCES LTD.
Auto-correlation
0.00
No correlation between past and present
LABYRINTH RESOURCES LTD has no correlation between past and present. Overlapping area represents the amount of predictability between LABYRINTH RESOURCES time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 LABYRINTH RESOURCES LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current LABYRINTH RESOURCES price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
0.0
LABYRINTH RESOURCES LTD lagged returns against current returns
Autocorrelation, which is LABYRINTH 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 LABYRINTH RESOURCES's stock expected returns. We can calculate the autocorrelation of LABYRINTH RESOURCES returns to help us make a trade decision. For example, suppose you find that LABYRINTH 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
LABYRINTH 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 LABYRINTH RESOURCES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LABYRINTH RESOURCES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LABYRINTH RESOURCES stock over time.
Current vs Lagged Prices
Timeline
LABYRINTH RESOURCES Lagged Returns
When evaluating LABYRINTH RESOURCES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LABYRINTH RESOURCES stock have on its future price. LABYRINTH 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, LABYRINTH RESOURCES autocorrelation shows the relationship between LABYRINTH RESOURCES stock current value and its past values and can show if there is a momentum factor associated with investing in LABYRINTH RESOURCES LTD.