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.
|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