Lucara Diamond Backtesting

Lucara Diamond Corp -- Canada Stock  

CAD 2.57  0.01  0.39%

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
Investment Horizon     30 Days    Login   to change

Lucara Diamond 'What if' Analysis

November 16, 2017
No Change 0.00  0.0%
In 31 days
December 16, 2017
If you would invest  0.00  in Lucara Diamond on November 16, 2017 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, Taseko Mines, Continental Gold, North American, and Mason Graphite. Its principal property is 100 owned Karowe Mine that covers an area of 15.3 square kilometers of mining license located ...

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 unusually risky given 1 month investment horizon. Lucara Diamond Corp has Sharpe Ratio of 0.1345 which conveys that Lucara Diamond Corp had 0.1345% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Lucara Diamond which you can use to evaluate future volatility of the firm. Please exercise Lucara Diamond Corp Downside Deviation of 1.45, Mean Deviation of 1.32 and Risk Adjusted Performance of 0.0713 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Lucara Diamond holds performance score of 8. The company secures Beta (Market Risk) of 1.0294 which conveys that Lucara Diamond returns are very sensitive to returns on the market. as market goes up or down, Lucara Diamond is expected to follow.. Although it is vital to follow to Lucara Diamond Corp price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Lucara Diamond Corp technical indicators you can presently evaluate if the expected return of 0.2539% will be sustainable into the future. Please exercises Lucara Diamond Corp Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to make a quick decision on weather Lucara Diamond Corp current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.9 

Excellent predictability

Lucara Diamond Corp has excellent predictability. Overlapping area represents the amount of predictability between Lucara Diamond time series from November 16, 2017 to December 1, 2017 and December 1, 2017 to December 16, 2017. 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 0.9 indicates that approximately 90.0% of current Lucara Diamond price fluctuation can be explain by its past prices.
Correlation Coefficient 0.9
Spearman Rank Test 0.66
Price Variance 0.01
Average Price 2.48

Lucara Diamond Lagged Returns

 Regressed Prices 

Lucara Diamond Performance vs SPTSX Comp

The median price of Lucara Diamond for the period between Thu, Nov 16, 2017 and Sat, Dec 16, 2017 is 2.48 with a coefficient of variation of 2.57. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 2.47, and mean deviation of 0.05. The Stock received some media coverage during the period.
Price Growth (%)