Labyrinth Resources (Australia) Market Value
| LRL Stock | 0.25 0.01 3.85% |
| Symbol | Labyrinth |
Labyrinth 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 Labyrinth 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 Labyrinth Resources.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in Labyrinth Resources on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding Labyrinth Resources Limited or generate 0.0% return on investment in Labyrinth Resources over 360 days. Labyrinth Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Labyrinth Resources is entity of Australia More
Labyrinth 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 Labyrinth 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 Labyrinth Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.91 | |||
| Information Ratio | 0.159 | |||
| Maximum Drawdown | 29.46 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 10.53 |
Labyrinth Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Labyrinth Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Labyrinth Resources' standard deviation. In reality, there are many statistical measures that can use Labyrinth Resources historical prices to predict the future Labyrinth Resources' volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.923 | |||
| Total Risk Alpha | 0.7551 | |||
| Sortino Ratio | 0.1297 | |||
| Treynor Ratio | (7.37) |
Labyrinth Resources Backtested Returns
Labyrinth Resources appears to be out of control, given 3 months investment horizon. Labyrinth Resources has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Labyrinth Resources' technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please exercise Labyrinth Resources' Downside Deviation of 6.91, risk adjusted performance of 0.1392, and Mean Deviation of 3.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Labyrinth Resources holds a performance score of 14. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Labyrinth Resources are expected to decrease at a much lower rate. During the bear market, Labyrinth Resources is likely to outperform the market. Please check Labyrinth Resources' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Labyrinth Resources' current price movements will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Labyrinth Resources Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Labyrinth Resources time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th 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 Labyrinth Resources price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Labyrinth Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Labyrinth Resources lagged returns against current returns
Autocorrelation, which is Labyrinth 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 Labyrinth Resources' stock expected returns. We can calculate the autocorrelation of Labyrinth Resources returns to help us make a trade decision. For example, suppose you find that Labyrinth 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 |
Labyrinth 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 Labyrinth Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Labyrinth Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Labyrinth Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Labyrinth Resources Lagged Returns
When evaluating Labyrinth Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Labyrinth Resources stock have on its future price. Labyrinth 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, Labyrinth Resources autocorrelation shows the relationship between Labyrinth Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Labyrinth Resources Limited.
Regressed Prices |
| Timeline |
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Additional Tools for Labyrinth Stock Analysis
When running Labyrinth Resources' price analysis, check to measure Labyrinth Resources' 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 Labyrinth Resources is operating at the current time. Most of Labyrinth Resources' value examination focuses on studying past and present price action to predict the probability of Labyrinth Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Labyrinth Resources' price. Additionally, you may evaluate how the addition of Labyrinth Resources to your portfolios can decrease your overall portfolio volatility.