Lundin Gold Stock Market Value
| LUG Stock | CAD 65.30 1.22 1.90% |
| Symbol | Lundin |
Lundin Gold Price To Book Ratio
Lundin Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lundin Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lundin Gold.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Lundin Gold on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Lundin Gold or generate 0.0% return on investment in Lundin Gold over 90 days. Lundin Gold is related to or competes with Osisko Gold, Dundee Precious, SSR Mining, Sandstorm Gold, and Endeavour Mining. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southe... More
Lundin Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lundin Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lundin Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.49 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 31.7 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 6.41 |
Lundin Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lundin Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lundin Gold's standard deviation. In reality, there are many statistical measures that can use Lundin Gold historical prices to predict the future Lundin Gold's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.2749 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0386 | |||
| Treynor Ratio | 1.23 |
Lundin Gold Backtested Returns
Lundin Gold appears to be very steady, given 3 months investment horizon. Lundin Gold has Sharpe Ratio of 0.0812, which conveys that the firm had a 0.0812 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lundin Gold, which you can use to evaluate the volatility of the firm. Please exercise Lundin Gold's Risk Adjusted Performance of 0.0811, downside deviation of 4.49, and Mean Deviation of 2.63 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lundin Gold holds a performance score of 6. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lundin Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lundin Gold is expected to be smaller as well. Please check Lundin Gold's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Lundin Gold's current price movements will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Lundin Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Lundin Gold time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lundin Gold price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Lundin Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 9.24 |
Lundin Gold lagged returns against current returns
Autocorrelation, which is Lundin Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lundin Gold's stock expected returns. We can calculate the autocorrelation of Lundin Gold returns to help us make a trade decision. For example, suppose you find that Lundin Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Lundin Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lundin Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lundin Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lundin Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Lundin Gold Lagged Returns
When evaluating Lundin Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lundin Gold stock have on its future price. Lundin Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lundin Gold autocorrelation shows the relationship between Lundin Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Lundin Gold.
Regressed Prices |
| Timeline |
Pair Trading with Lundin Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lundin Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lundin Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Lundin Stock
Moving against Lundin Stock
The ability to find closely correlated positions to Lundin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lundin Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lundin Gold to buy it.
The correlation of Lundin Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lundin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lundin Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Lundin Stock
Lundin Gold financial ratios help investors to determine whether Lundin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lundin with respect to the benefits of owning Lundin Gold security.