Lundin Gold (Sweden) Market Value
| LUG Stock | SEK 251.00 4.00 1.57% |
| Symbol | Lundin |
Lundin 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 Lundin 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 Lundin Gold.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Lundin Gold on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Lundin Gold or generate 0.0% return on investment in Lundin Gold over 210 days. Lundin Gold is related to or competes with Leading Edge, Alzinova, SaltX Technology, KABE Group, IAR Systems, Mekonomen, and Embellence Group. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southe... More
Lundin 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 Lundin 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 Lundin Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0894 | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 3.93 |
Lundin Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lundin Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lundin Gold's standard deviation. In reality, there are many statistical measures that can use Lundin Gold historical prices to predict the future Lundin Gold's volatility.| Risk Adjusted Performance | 0.1164 | |||
| Jensen Alpha | 0.4152 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | (0.78) |
Lundin Gold Backtested Returns
Lundin Gold appears to be very steady, given 3 months investment horizon. Lundin Gold has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lundin Gold, which you can use to evaluate the volatility of the firm. Please exercise Lundin Gold's Risk Adjusted Performance of 0.1164, mean deviation of 2.1, and Downside Deviation of 2.59 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lundin Gold holds a performance score of 12. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lundin Gold are expected to decrease at a much lower rate. During the bear market, Lundin Gold is likely to outperform the market. Please check Lundin Gold's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Lundin Gold's current price movements will revert.
Auto-correlation | 0.73 |
Good predictability
Lundin Gold has good predictability. Overlapping area represents the amount of predictability between Lundin Gold time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Lundin Gold price movement. The serial correlation of 0.73 indicates that around 73.0% of current Lundin Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 487.01 |
Lundin Gold lagged returns against current returns
Autocorrelation, which is Lundin 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 Lundin Gold's stock expected returns. We can calculate the autocorrelation of Lundin Gold returns to help us make a trade decision. For example, suppose you find that Lundin 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 |
Lundin 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 Lundin Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lundin Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lundin Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Lundin Gold Lagged Returns
When evaluating Lundin Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lundin Gold stock have on its future price. Lundin 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, Lundin Gold autocorrelation shows the relationship between Lundin Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Lundin Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lundin Stock Analysis
When running Lundin Gold's price analysis, check to measure Lundin 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 Lundin Gold is operating at the current time. Most of Lundin Gold's value examination focuses on studying past and present price action to predict the probability of Lundin 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 Lundin Gold's price. Additionally, you may evaluate how the addition of Lundin Gold to your portfolios can decrease your overall portfolio volatility.