Macroaxis considers Lucara Diamond to be extremely risky. Lucara Diamond Corp
has Sharpe Ratio of -0.0383 which conveys that Lucara Diamond Corp
had -0.0383% of return per unit of risk over the last 1 month. 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
. Lucara Diamond exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Lucara Diamond Corp Mean Deviation
of 1.69 and Risk Adjusted Performance
of 0.005411 to check out risk estimate we provide. Macroaxis gives Lucara Diamond performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -1.103 which conveys that . Even though it is essential to pay attention to Lucara Diamond Corp 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. Lucara Diamond exposes twenty-one different technical indicators which can help you to evaluate its performance. Lucara Diamond Corp has expected return of -0.083%. Please be advised to verify Lucara Diamond Corp Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Lucara Diamond Corp past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.63 |
Lucara Diamond Corp has good predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 2018. 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 0.63 indicates that roughly 63.0% of current Lucara Diamond price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.63|
|Spearman Rank Test|| -0.41|
|Average Price|| 2.12|
|Lagged Average Price|| 2.1|