Macroaxis considers Kirkland Lake to be not too volatile. Kirkland Lake Gold
has Sharpe Ratio of -0.005 which conveys that the firm had -0.005% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Kirkland Lake exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Kirkland Lake Gold Ltd Mean Deviation
of 2.06, Risk Adjusted Performance
of 0.0219 and Downside Deviation
of 2.62 to check out risk estimate we provide. The company secures Beta (Market Risk) of -0.9623 which conveys that Even though it is essential to pay attention to Kirkland Lake Gold price patterns
, it is always good to be careful when utilizing equity historical price patterns
. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Kirkland Lake exposes twenty-eight different technical indicators which can help you to evaluate its performance. Kirkland Lake Gold
has expected return of -0.0144%. Please be advised to verify Kirkland Lake Gold Ltd Value At Risk
as well as the relationship
and Day Median Price
to decide if Kirkland Lake Gold
past performance will be repeated at some point in the near future.
Kirkland Lake Gold Ltd has insignificant predictability. Overlapping area represents the amount of predictability between Kirkland Lake time series from July 19, 2019 to September 2, 2019 and September 2, 2019 to October 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kirkland Lake Gold price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Kirkland Lake price fluctuation can be explain by its past prices.