ATLANTIC LITHIUM's market value is the price at which a share of ATLANTIC LITHIUM trades on a public exchange. It measures the collective expectations of ATLANTIC LITHIUM LTD investors about its performance. ATLANTIC LITHIUM is trading at 0.16 as of the 17th of December 2024. This is a 14.29% up since the beginning of the trading day. The stock's lowest day price was 0.14. With this module, you can estimate the performance of a buy and hold strategy of ATLANTIC LITHIUM LTD and determine expected loss or profit from investing in ATLANTIC LITHIUM over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ATLANTIC
ATLANTIC LITHIUM '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 ATLANTIC LITHIUM'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 ATLANTIC LITHIUM.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in ATLANTIC LITHIUM on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding ATLANTIC LITHIUM LTD or generate 0.0% return on investment in ATLANTIC LITHIUM over 30 days.
ATLANTIC LITHIUM 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 ATLANTIC LITHIUM'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 ATLANTIC LITHIUM LTD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATLANTIC LITHIUM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATLANTIC LITHIUM's standard deviation. In reality, there are many statistical measures that can use ATLANTIC LITHIUM historical prices to predict the future ATLANTIC LITHIUM's volatility.
ATLANTIC LITHIUM appears to be out of control, given 3 months investment horizon. ATLANTIC LITHIUM LTD secures Sharpe Ratio (or Efficiency) of 0.0659, which signifies that the company had a 0.0659% return per unit of return volatility over the last 3 months. By analyzing ATLANTIC LITHIUM's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of ATLANTIC LITHIUM's Risk Adjusted Performance of 0.0379, semi deviation of 6.28, and Mean Deviation of 5.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ATLANTIC LITHIUM holds a performance score of 5. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ATLANTIC LITHIUM's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATLANTIC LITHIUM is expected to be smaller as well. Please check ATLANTIC LITHIUM's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether ATLANTIC LITHIUM's price patterns will revert.
Auto-correlation
0.41
Average predictability
ATLANTIC LITHIUM LTD has average predictability. Overlapping area represents the amount of predictability between ATLANTIC LITHIUM time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 ATLANTIC LITHIUM LTD price movement. The serial correlation of 0.41 indicates that just about 41.0% of current ATLANTIC LITHIUM price fluctuation can be explain by its past prices.
Correlation Coefficient
0.41
Spearman Rank Test
0.73
Residual Average
0.0
Price Variance
0.0
ATLANTIC LITHIUM LTD lagged returns against current returns
Autocorrelation, which is ATLANTIC LITHIUM 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 ATLANTIC LITHIUM's stock expected returns. We can calculate the autocorrelation of ATLANTIC LITHIUM returns to help us make a trade decision. For example, suppose you find that ATLANTIC LITHIUM 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
ATLANTIC LITHIUM 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 ATLANTIC LITHIUM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATLANTIC LITHIUM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATLANTIC LITHIUM stock over time.
Current vs Lagged Prices
Timeline
ATLANTIC LITHIUM Lagged Returns
When evaluating ATLANTIC LITHIUM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATLANTIC LITHIUM stock have on its future price. ATLANTIC LITHIUM 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, ATLANTIC LITHIUM autocorrelation shows the relationship between ATLANTIC LITHIUM stock current value and its past values and can show if there is a momentum factor associated with investing in ATLANTIC LITHIUM LTD.