Lumina Gold Corp Stock Market Value
| LUM Stock | CAD 0.61 0.02 3.39% |
| Symbol | Lumina |
Lumina Gold Corp Price To Book Ratio
Lumina 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 Lumina 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 Lumina Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Lumina Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Lumina Gold Corp or generate 0.0% return on investment in Lumina Gold over 90 days. Lumina Gold is related to or competes with Regulus Resources, and Triumph Gold. Lumina Gold Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of... More
Lumina 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 Lumina 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 Lumina Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 7.84 |
Lumina Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumina Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumina Gold's standard deviation. In reality, there are many statistical measures that can use Lumina Gold historical prices to predict the future Lumina Gold's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.3183 | |||
| Total Risk Alpha | 0.9348 | |||
| Sortino Ratio | 0.1096 | |||
| Treynor Ratio | 4.36 |
Lumina Gold Corp Backtested Returns
Lumina Gold appears to be abnormally volatile, given 3 months investment horizon. Lumina Gold Corp 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 Lumina Gold, which you can use to evaluate the volatility of the firm. Please exercise Lumina Gold's Downside Deviation of 4.11, risk adjusted performance of 0.08, and Mean Deviation of 2.62 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lumina Gold holds a performance score of 9. The company secures a Beta (Market Risk) of 0.0707, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lumina Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lumina Gold is expected to be smaller as well. Please check Lumina Gold's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Lumina Gold's current price movements will revert.
Auto-correlation | 0.47 |
Average predictability
Lumina Gold Corp has average predictability. Overlapping area represents the amount of predictability between Lumina 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 Lumina Gold Corp price movement. The serial correlation of 0.47 indicates that about 47.0% of current Lumina Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lumina Gold Corp lagged returns against current returns
Autocorrelation, which is Lumina 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 Lumina Gold's stock expected returns. We can calculate the autocorrelation of Lumina Gold returns to help us make a trade decision. For example, suppose you find that Lumina 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 |
Lumina 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 Lumina Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumina Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumina Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Lumina Gold Lagged Returns
When evaluating Lumina Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumina Gold stock have on its future price. Lumina 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, Lumina Gold autocorrelation shows the relationship between Lumina Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Lumina Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lumina Stock Analysis
When running Lumina Gold's price analysis, check to measure Lumina 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 Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to predict the probability of Lumina 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 Lumina Gold's price. Additionally, you may evaluate how the addition of Lumina Gold to your portfolios can decrease your overall portfolio volatility.