Lundin Mining Stock Market Value
| LUN Stock | CAD 11.59 0.03 0.26% |
| Symbol | Lundin |
Lundin Mining Price To Book Ratio
Lundin Mining '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 Mining'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 Mining.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Lundin Mining on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Lundin Mining or generate 0.0% return on investment in Lundin Mining over 30 days. Lundin Mining is related to or competes with HudBay Minerals, First Quantum, Ivanhoe Mines, Capstone Mining, and Teck Resources. Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining... More
Lundin Mining 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 Mining'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 Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 3.52 |
Lundin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lundin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lundin Mining's standard deviation. In reality, there are many statistical measures that can use Lundin Mining historical prices to predict the future Lundin Mining's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.52) |
Lundin Mining Backtested Returns
Lundin Mining 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. Lundin Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lundin Mining's Standard Deviation of 2.23, risk adjusted performance of (0.09), and Mean Deviation of 1.72 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lundin Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lundin Mining is expected to be smaller as well. At this point, Lundin Mining has a negative expected return of -0.25%. Please make sure to verify Lundin Mining's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Lundin Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Lundin Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Lundin Mining time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 Lundin Mining price movement. The serial correlation of -0.74 indicates that around 74.0% of current Lundin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Lundin Mining lagged returns against current returns
Autocorrelation, which is Lundin Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of Lundin Mining returns to help us make a trade decision. For example, suppose you find that Lundin Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lundin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lundin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Lundin Mining Lagged Returns
When evaluating Lundin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lundin Mining stock have on its future price. Lundin Mining 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 Mining autocorrelation shows the relationship between Lundin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Lundin Mining.
Regressed Prices |
| Timeline |
Pair Trading with Lundin Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lundin Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lundin Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Lundin Stock
Moving against Lundin Stock
| 0.7 | FDR | Flinders Resources | PairCorr |
| 0.54 | GOOG | Alphabet CDR | PairCorr |
| 0.53 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.52 | TD | Toronto Dominion Bank | PairCorr |
| 0.45 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Lundin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lundin Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lundin Mining to buy it.
The correlation of Lundin Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lundin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lundin Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Lundin Stock
Lundin Mining financial ratios help investors to determine whether Lundin Stock 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 Lundin with respect to the benefits of owning Lundin Mining security.