Lithium Energi Exploration Stock Market Value
| LEXI Stock | CAD 0.04 0.01 16.67% |
| Symbol | Lithium |
Lithium Energi Explo Price To Book Ratio
Lithium Energi '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 Lithium Energi'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 Lithium Energi.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Lithium Energi on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Lithium Energi Exploration or generate 0.0% return on investment in Lithium Energi over 30 days. Lithium Energi is related to or competes with Rackla Metals. Lithium Energi Exploration Inc. engages in the acquisition, exploration, and development of lithium brine assets in Arge... More
Lithium Energi 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 Lithium Energi'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 Lithium Energi Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.16 | |||
| Information Ratio | 0.0365 | |||
| Maximum Drawdown | 85.0 | |||
| Value At Risk | (22.22) | |||
| Potential Upside | 22.22 |
Lithium Energi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Energi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Energi's standard deviation. In reality, there are many statistical measures that can use Lithium Energi historical prices to predict the future Lithium Energi's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.6534 | |||
| Total Risk Alpha | 0.1428 | |||
| Sortino Ratio | 0.0302 | |||
| Treynor Ratio | (0.11) |
Lithium Energi Explo Backtested Returns
Lithium Energi appears to be out of control, given 3 months investment horizon. Lithium Energi Explo has Sharpe Ratio of 0.0358, which conveys that the firm had a 0.0358% return per unit of risk over the last 3 months. By analyzing Lithium Energi's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Lithium Energi's Downside Deviation of 17.16, risk adjusted performance of 0.0401, and Mean Deviation of 8.91 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lithium Energi holds a performance score of 2. The company secures a Beta (Market Risk) of -5.09, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Lithium Energi are expected to decrease by larger amounts. On the other hand, during market turmoil, Lithium Energi is expected to outperform it. Please check Lithium Energi's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Lithium Energi's current price movements will revert.
Auto-correlation | 0.24 |
Weak predictability
Lithium Energi Exploration has weak predictability. Overlapping area represents the amount of predictability between Lithium Energi time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Lithium Energi Explo price movement. The serial correlation of 0.24 indicates that over 24.0% of current Lithium Energi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lithium Energi Explo lagged returns against current returns
Autocorrelation, which is Lithium Energi 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 Lithium Energi's stock expected returns. We can calculate the autocorrelation of Lithium Energi returns to help us make a trade decision. For example, suppose you find that Lithium Energi 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 |
Lithium Energi 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 Lithium Energi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Energi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Energi stock over time.
Current vs Lagged Prices |
| Timeline |
Lithium Energi Lagged Returns
When evaluating Lithium Energi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Energi stock have on its future price. Lithium Energi 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, Lithium Energi autocorrelation shows the relationship between Lithium Energi stock current value and its past values and can show if there is a momentum factor associated with investing in Lithium Energi Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lithium Stock Analysis
When running Lithium Energi's price analysis, check to measure Lithium Energi'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 Lithium Energi is operating at the current time. Most of Lithium Energi's value examination focuses on studying past and present price action to predict the probability of Lithium Energi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lithium Energi's price. Additionally, you may evaluate how the addition of Lithium Energi to your portfolios can decrease your overall portfolio volatility.