Lucara Diamond's market value is the price at which a share of Lucara Diamond trades on a public exchange. It measures the collective expectations of Lucara Diamond Corp investors about its performance. Lucara Diamond is trading at 0.28 as of the 15th of January 2025. This is a 3.45% down since the beginning of the trading day. The stock's lowest day price was 0.28. With this module, you can estimate the performance of a buy and hold strategy of Lucara Diamond Corp and determine expected loss or profit from investing in Lucara Diamond over a given investment horizon. Check out Lucara Diamond Correlation, Lucara Diamond Volatility and Lucara Diamond Alpha and Beta module to complement your research on Lucara Diamond.
Please note, there is a significant difference between Lucara Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucara Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucara Diamond's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/16/2024
No Change 0.00
0.0
In 31 days
01/15/2025
0.00
If you would invest 0.00 in Lucara Diamond on December 16, 2024 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 30 days. Lucara Diamond is related to or competes with Fury Gold, Trilogy Metals, and Western Copper. 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.
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.
Lucara Diamond Corp has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Lucara Diamond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lucara Diamond's Standard Deviation of 3.28, risk adjusted performance of (0.04), and Mean Deviation of 2.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.58, 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. At this point, Lucara Diamond Corp has a negative expected return of -0.36%. Please make sure to verify Lucara Diamond's jensen alpha and the relationship between the potential upside and price action indicator , to decide if Lucara Diamond Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.56
Modest predictability
Lucara Diamond Corp has modest predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th 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 Lucara Diamond Corp price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Lucara Diamond price fluctuation can be explain by its past prices.
Correlation Coefficient
0.56
Spearman Rank Test
0.3
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.
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.