Labrador Gold Corp Stock Market Value
| LAB Stock | CAD 0.09 0.01 6.25% |
| Symbol | Labrador |
Labrador Gold '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 Labrador Gold'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 Labrador Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Labrador Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Labrador Gold Corp or generate 0.0% return on investment in Labrador Gold over 90 days. Labrador Gold is related to or competes with Renoworks Software, Computer Modelling, HPQ Silicon, Sparx Technology, and Constellation Software. Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas More
Labrador Gold 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 Labrador Gold'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 Labrador Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.37 | |||
| Information Ratio | 0.0953 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Labrador Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Labrador Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Labrador Gold's standard deviation. In reality, there are many statistical measures that can use Labrador Gold historical prices to predict the future Labrador Gold's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 0.7218 | |||
| Total Risk Alpha | 1.35 | |||
| Sortino Ratio | 0.0439 | |||
| Treynor Ratio | 0.2845 |
Labrador Gold Corp Backtested Returns
Labrador Gold appears to be out of control, given 3 months investment horizon. Labrador Gold Corp has Sharpe Ratio of 0.0803, which conveys that the firm had a 0.0803 % return per unit of risk over the last 3 months. By analyzing Labrador Gold's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Labrador Gold's Risk Adjusted Performance of 0.0786, mean deviation of 3.5, and Downside Deviation of 14.37 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Labrador Gold holds a performance score of 6. The company secures a Beta (Market Risk) of 1.83, 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, Labrador Gold will likely underperform. Please check Labrador Gold's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Labrador Gold's current price movements will revert.
Auto-correlation | 0.35 |
Below average predictability
Labrador Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Labrador Gold time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Labrador Gold Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Labrador Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Labrador Gold Corp lagged returns against current returns
Autocorrelation, which is Labrador Gold 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 Labrador Gold's stock expected returns. We can calculate the autocorrelation of Labrador Gold returns to help us make a trade decision. For example, suppose you find that Labrador Gold 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 |
Labrador Gold 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 Labrador Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Labrador Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Labrador Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Labrador Gold Lagged Returns
When evaluating Labrador Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Labrador Gold stock have on its future price. Labrador Gold 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, Labrador Gold autocorrelation shows the relationship between Labrador Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Labrador Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Labrador Stock Analysis
When running Labrador Gold's price analysis, check to measure Labrador Gold'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 Labrador Gold is operating at the current time. Most of Labrador Gold's value examination focuses on studying past and present price action to predict the probability of Labrador Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Labrador Gold's price. Additionally, you may evaluate how the addition of Labrador Gold to your portfolios can decrease your overall portfolio volatility.