Delta Lithium (Australia) Market Value
| DLI Stock | 0.18 0.01 5.26% |
| Symbol | Delta |
Delta 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 Delta 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 Delta Lithium.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Delta Lithium on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Lithium or generate 0.0% return on investment in Delta Lithium over 30 days. Delta Lithium is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Delta Lithium is entity of Australia. It is traded as Stock on AU exchange. More
Delta 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 Delta 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 Delta Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.7 |
Delta Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Lithium's standard deviation. In reality, there are many statistical measures that can use Delta Lithium historical prices to predict the future Delta Lithium's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | 0.0117 | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.0758 |
Delta Lithium Backtested Returns
Delta Lithium secures Sharpe Ratio (or Efficiency) of -0.0277, which denotes the company had a -0.0277% return per unit of risk over the last 3 months. Delta Lithium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Lithium's Standard Deviation of 4.69, variance of 21.99, and Mean Deviation of 3.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Delta Lithium are expected to decrease at a much lower rate. During the bear market, Delta Lithium is likely to outperform the market. At this point, Delta Lithium has a negative expected return of -0.13%. Please make sure to confirm Delta Lithium's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Delta Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Delta Lithium has virtually no predictability. Overlapping area represents the amount of predictability between Delta Lithium time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Delta Lithium price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Delta Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delta Lithium lagged returns against current returns
Autocorrelation, which is Delta 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 Delta Lithium's stock expected returns. We can calculate the autocorrelation of Delta Lithium returns to help us make a trade decision. For example, suppose you find that Delta 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 |
Delta 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 Delta Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Lithium Lagged Returns
When evaluating Delta Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Lithium stock have on its future price. Delta 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, Delta Lithium autocorrelation shows the relationship between Delta Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Lithium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Delta Stock Analysis
When running Delta Lithium's price analysis, check to measure Delta Lithium'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 Delta Lithium is operating at the current time. Most of Delta Lithium's value examination focuses on studying past and present price action to predict the probability of Delta Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Lithium's price. Additionally, you may evaluate how the addition of Delta Lithium to your portfolios can decrease your overall portfolio volatility.