Lucara Diamond Backtesting

LUC -- Canada Stock  

CAD 2.13  0.02  0.95%

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
SymbolX
Backtest

Lucara Diamond 'What if' Analysis

June 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 22, 2018
0.00
If you would invest  0.00  in Lucara Diamond on June 22, 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, Lithium Americas, and NTH AMER. Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of d...

Lucara Diamond Upside/Downside Indicators

Information Ratio0.09
Maximum Drawdown7.73
Value At Risk3.79
Potential Upside3.45
  

Lucara Diamond Market Premium Indicators

Risk Adjusted Performance0.005411
Jensen Alpha0.0527
Total Risk Alpha0.60
Treynor Ratio0.0653

Lucara Diamond Corp Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.63 

Good predictability

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

Lucara Diamond Corp lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Lucara Diamond regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Lucara Diamond Lagged Returns

 Regressed Prices 
      Timeline 

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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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. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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