Lucara Diamond (Sweden) Technical Analysis
| LUC Stock | SEK 2.52 0.02 0.80% |
As of the 24th of April, Lucara Diamond secures the Risk Adjusted Performance of (0.07), mean deviation of 1.42, and Standard Deviation of 1.96. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Lucara Diamond Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down thirteen technical drivers for Lucara Diamond, which can be compared to its peers in the industry. Please verify Lucara Diamond Corp variance, as well as the relationship between the maximum drawdown and skewness to decide if Lucara Diamond Corp is priced some-what accurately, providing market reflects its recent price of 2.52 per share.
Lucara Diamond Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Lucara, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LucaraLucara |
Lucara Diamond technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Lucara Diamond Corp Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Lucara Diamond Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Lucara Diamond Corp Trend Analysis
Use this graph to draw trend lines for Lucara Diamond Corp. You can use it to identify possible trend reversals for Lucara Diamond as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Lucara Diamond price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Lucara Diamond Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Lucara Diamond Corp applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Lucara Diamond Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.4, which is the sum of squared deviations for the predicted Lucara Diamond price change compared to its average price change.About Lucara Diamond Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Lucara Diamond Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Lucara Diamond Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Lucara Diamond Corp price pattern first instead of the macroeconomic environment surrounding Lucara Diamond Corp. By analyzing Lucara Diamond's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Lucara Diamond's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Lucara Diamond specific price patterns or momentum indicators. Please read more on our technical analysis page.
Lucara Diamond April 24, 2024 Technical Indicators
Most technical analysis of Lucara help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lucara from various momentum indicators to cycle indicators. When you analyze Lucara charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | 0.9286 | |||
| Mean Deviation | 1.42 | |||
| Coefficient Of Variation | (784.36) | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.84 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.9186 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.73 | |||
| Skewness | 0.3729 | |||
| Kurtosis | 1.39 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucara Diamond Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Lucara Diamond Corp information on this page should be used as a complementary analysis to other Lucara Diamond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Lucara Stock analysis
When running Lucara Diamond's price analysis, check to measure Lucara Diamond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lucara Diamond is operating at the current time. Most of Lucara Diamond's value examination focuses on studying past and present price action to predict the probability of Lucara Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucara Diamond's price. Additionally, you may evaluate how the addition of Lucara Diamond to your portfolios can decrease your overall portfolio volatility.
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