Loncor Resources Stock Market Value
| LN Stock | CAD 0.49 0.02 4.26% |
| Symbol | Loncor |
Loncor Resources Price To Book Ratio
Loncor Resources '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 Loncor Resources' 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 Loncor Resources.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Loncor Resources on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Loncor Resources or generate 0.0% return on investment in Loncor Resources over 360 days. Loncor Resources is related to or competes with Xtra Gold. Loncor Resources Inc., a gold exploration company, engages in the acquisition, exploration, and development of precious ... More
Loncor Resources 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 Loncor Resources' 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 Loncor Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.115 | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 7.32 |
Loncor Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loncor Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loncor Resources' standard deviation. In reality, there are many statistical measures that can use Loncor Resources historical prices to predict the future Loncor Resources' volatility.| Risk Adjusted Performance | 0.1205 | |||
| Jensen Alpha | 0.4906 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1152 | |||
| Treynor Ratio | (1.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Loncor Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Loncor Resources Backtested Returns
Loncor Resources appears to be abnormally volatile, given 3 months investment horizon. Loncor Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Loncor Resources, which you can use to evaluate the volatility of the firm. Please exercise Loncor Resources' Downside Deviation of 3.0, risk adjusted performance of 0.1205, and Mean Deviation of 2.24 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Loncor Resources holds a performance score of 10. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Loncor Resources are expected to decrease at a much lower rate. During the bear market, Loncor Resources is likely to outperform the market. Please check Loncor Resources' maximum drawdown and the relationship between the expected short fall and relative strength index , to make a quick decision on whether Loncor Resources' current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Loncor Resources has good predictability. Overlapping area represents the amount of predictability between Loncor Resources time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Loncor Resources price movement. The serial correlation of 0.69 indicates that around 69.0% of current Loncor Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Loncor Resources lagged returns against current returns
Autocorrelation, which is Loncor Resources 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 Loncor Resources' stock expected returns. We can calculate the autocorrelation of Loncor Resources returns to help us make a trade decision. For example, suppose you find that Loncor Resources 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 |
Loncor Resources 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 Loncor Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loncor Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loncor Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Loncor Resources Lagged Returns
When evaluating Loncor Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loncor Resources stock have on its future price. Loncor Resources 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, Loncor Resources autocorrelation shows the relationship between Loncor Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Loncor Resources.
Regressed Prices |
| Timeline |
Other Information on Investing in Loncor Stock
Loncor Resources financial ratios help investors to determine whether Loncor 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 Loncor with respect to the benefits of owning Loncor Resources security.