Lumine's market value is the price at which a share of Lumine trades on a public exchange. It measures the collective expectations of Lumine Group investors about its performance. Lumine is trading at 27.81 as of the 7th of January 2025. This is a 1.1% down since the beginning of the trading day. The stock's lowest day price was 27.2. With this module, you can estimate the performance of a buy and hold strategy of Lumine Group and determine expected loss or profit from investing in Lumine over a given investment horizon. Check out Correlation 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 gross domestic product.
Symbol
Lumine
Lumine '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 Lumine'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 Lumine.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in Lumine on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Lumine Group or generate 0.0% return on investment in Lumine over 30 days.
Lumine 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 Lumine'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 Lumine Group 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 Lumine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumine's standard deviation. In reality, there are many statistical measures that can use Lumine historical prices to predict the future Lumine's volatility.
Lumine appears to be very steady, given 3 months investment horizon. Lumine Group has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lumine, which you can use to evaluate the volatility of the firm. Please exercise Lumine's Risk Adjusted Performance of 0.1159, downside deviation of 1.94, and Mean Deviation of 1.57 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lumine holds a performance score of 9. The company secures a Beta (Market Risk) of 1.37, 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, Lumine will likely underperform. Please check Lumine's downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Lumine's current price movements will revert.
Auto-correlation
0.64
Good predictability
Lumine Group has good predictability. Overlapping area represents the amount of predictability between Lumine time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Lumine Group price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Lumine price fluctuation can be explain by its past prices.
Correlation Coefficient
0.64
Spearman Rank Test
0.6
Residual Average
0.0
Price Variance
0.24
Lumine Group lagged returns against current returns
Autocorrelation, which is Lumine 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 Lumine's pink sheet expected returns. We can calculate the autocorrelation of Lumine returns to help us make a trade decision. For example, suppose you find that Lumine 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
Lumine 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 Lumine pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumine pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumine pink sheet over time.
Current vs Lagged Prices
Timeline
Lumine Lagged Returns
When evaluating Lumine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumine pink sheet have on its future price. Lumine 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, Lumine autocorrelation shows the relationship between Lumine pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Lumine Group.