Lucara Diamond Backtesting

Lucara Diamond Corp -- Canada Stock  

CAD 2.15  0.04  1.83%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Lucara Diamond Corp and determine expected loss or profit from investing in Lucara Diamond over given investment horizon. Please see also Lucara Diamond Hype Analysis, Lucara Diamond Correlation, Lucara Diamond Valuation, Lucara Diamond Volatility as well as analyze Lucara Diamond Alpha and Beta and Lucara Diamond Performance
 Time Horizon     30 Days    Login   to change

Lucara Diamond 'What if' Analysis

February 18, 2018
No Change 0.00  0.0%
In 31 days
March 20, 2018
If you would invest  0.00  in Lucara Diamond on February 18, 2018 and sell it all today you would earn a total of 0.00 from holding Lucara Diamond Corp or generate 0.0% return on investment in Lucara Diamond over 30 days. Lucara Diamond is related to or competes with Parex Resources, Boralex, China Gold, Continental Gold, and North American. Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of d...

Lucara Diamond Upside/Downside Indicators


Lucara Diamond Market Premium Indicators

Lucara Diamond Corp lagged returns against current returns

 Current and Lagged Values 

Lucara Diamond regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Lucara Diamond Corp Backtested Returns

Macroaxis considers Lucara Diamond to be exceptionally risky. Lucara Diamond Corp has Sharpe Ratio of -0.0461 which conveys that Lucara Diamond Corp had -0.0461% 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-eight 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 2.1 and Risk Adjusted Performance of 0.00999 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 -0.3176 which conveys that as returns on market increase, returns on owning Lucara Diamond are expected to decrease at a much smaller rate. During bear market, Lucara Diamond is likely to outperform the market.. 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-eight different technical indicators which can help you to evaluate its performance. Lucara Diamond Corp has expected return of -0.2352%. Please be advised to verify Lucara Diamond Corp Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to decide if Lucara Diamond Corp past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.64) 

Very good reverse predictability

Lucara Diamond Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from February 18, 2018 to March 5, 2018 and March 5, 2018 to March 20, 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 -0.64 indicates that roughly 64.0% of current Lucara Diamond price fluctuation can be explain by its past prices. Given that Lucara Diamond Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Lucara Diamond for similar time interval.
Correlation Coefficient -0.64
Spearman Rank Test -0.13
Lagged Price Variance 0.02
Average Price 2.18

Lucara Diamond Lagged Returns

 Regressed Prices 

Lucara Diamond Performance vs SPTSX Comp

The median price of Lucara Diamond for the period between Sun, Feb 18, 2018 and Tue, Mar 20, 2018 is 2.17000008 with a coefficient of variation of 62.77. The daily time series for the period is distributed with a sample standard deviation of 1.0, arithmetic mean of 1.59, and mean deviation of 0.87. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)