Lundin Mining (Sweden) Market Value
| LUMI Stock | SEK 106.70 0.10 0.09% |
| Symbol | Lundin |
Lundin Mining '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 Mining'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 Mining.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Lundin Mining on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Lundin Mining or generate 0.0% return on investment in Lundin Mining over 30 days. Lundin Mining is related to or competes with Boliden AB, Lundin Gold, SSAB AB, AB SKF, and Sandvik AB. Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining... More
Lundin Mining 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 Mining'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 Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 5.18 |
Lundin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lundin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lundin Mining's standard deviation. In reality, there are many statistical measures that can use Lundin Mining historical prices to predict the future Lundin Mining's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0764 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.55 |
Lundin Mining Backtested Returns
Lundin Mining appears to be very steady, given 3 months investment horizon. Lundin Mining has Sharpe Ratio of 0.0901, which conveys that the firm had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lundin Mining, which you can use to evaluate the volatility of the firm. Please exercise Lundin Mining's Downside Deviation of 2.89, risk adjusted performance of 0.0324, and Mean Deviation of 2.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lundin Mining holds a performance score of 7. The company secures a Beta (Market Risk) of 0.0534, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lundin Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lundin Mining is expected to be smaller as well. Please check Lundin Mining's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Lundin Mining's current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Lundin Mining has below average predictability. Overlapping area represents the amount of predictability between Lundin Mining time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Lundin Mining price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Lundin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3.18 |
Lundin Mining lagged returns against current returns
Autocorrelation, which is Lundin Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of Lundin Mining returns to help us make a trade decision. For example, suppose you find that Lundin Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lundin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lundin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Lundin Mining Lagged Returns
When evaluating Lundin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lundin Mining stock have on its future price. Lundin Mining 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 Mining autocorrelation shows the relationship between Lundin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Lundin Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lundin Stock Analysis
When running Lundin Mining's price analysis, check to measure Lundin Mining'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 Lundin Mining is operating at the current time. Most of Lundin Mining's value examination focuses on studying past and present price action to predict the probability of Lundin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lundin Mining's price. Additionally, you may evaluate how the addition of Lundin Mining to your portfolios can decrease your overall portfolio volatility.