Lundin Gross Profit Margin from 2010 to 2024

LUG Stock  CAD 31.38  0.54  1.69%   
Lundin Gold Gross Profit Margin yearly trend continues to be very stable with very little volatility. Gross Profit Margin is likely to grow to 0.53 this year. During the period from 2010 to 2024, Lundin Gold Gross Profit Margin quarterly data regression pattern had sample variance of  0.0002 and median of  0.48. View All Fundamentals
 
Gross Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.48218429
Current Value
0.53
Quarterly Volatility
0.01494351
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Lundin Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lundin Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 143.5 M, Interest Expense of 18.6 M or Selling General Administrative of 22.1 M, as well as many indicators such as Price To Sales Ratio of 3.1, Dividend Yield of 0.0211 or PTB Ratio of 4.57. Lundin financial statements analysis is a perfect complement when working with Lundin Gold Valuation or Volatility modules.
  
This module can also supplement various Lundin Gold Technical models . Check out the analysis of Lundin Gold Correlation against competitors.

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

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Moving against Lundin Stock

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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.
Pair CorrelationCorrelation Matching

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.