E3 LITHIUM's market value is the price at which a share of E3 LITHIUM trades on a public exchange. It measures the collective expectations of E3 LITHIUM LTD investors about its performance. E3 LITHIUM is trading at 0.67 as of the 16th of December 2024. This is a 6.35 percent increase since the beginning of the trading day. The stock's lowest day price was 0.63. With this module, you can estimate the performance of a buy and hold strategy of E3 LITHIUM LTD and determine expected loss or profit from investing in E3 LITHIUM over a given investment horizon. Check out Your Equity Center 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
OW3
E3 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 E3 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 E3 LITHIUM.
0.00
11/16/2024
No Change 0.00
0.0
In 30 days
12/16/2024
0.00
If you would invest 0.00 in E3 LITHIUM on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding E3 LITHIUM LTD or generate 0.0% return on investment in E3 LITHIUM over 30 days.
E3 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 E3 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 E3 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 E3 LITHIUM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E3 LITHIUM's standard deviation. In reality, there are many statistical measures that can use E3 LITHIUM historical prices to predict the future E3 LITHIUM's volatility.
E3 LITHIUM LTD retains Efficiency (Sharpe Ratio) of -0.0334, which denotes the company had a -0.0334% return per unit of price deviation over the last 3 months. E3 LITHIUM exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm E3 LITHIUM's Information Ratio of (0.1), standard deviation of 3.83, and Market Risk Adjusted Performance of (0.22) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, E3 LITHIUM will likely underperform. At this point, E3 LITHIUM LTD has a negative expected return of -0.13%. Please make sure to confirm E3 LITHIUM's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if E3 LITHIUM LTD performance from the past will be repeated sooner or later.
Auto-correlation
-0.59
Good reverse predictability
E3 LITHIUM LTD has good reverse predictability. Overlapping area represents the amount of predictability between E3 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 E3 LITHIUM LTD price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current E3 LITHIUM price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.59
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
0.0
E3 LITHIUM LTD lagged returns against current returns
Autocorrelation, which is E3 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 E3 LITHIUM's stock expected returns. We can calculate the autocorrelation of E3 LITHIUM returns to help us make a trade decision. For example, suppose you find that E3 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
E3 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 E3 LITHIUM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E3 LITHIUM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E3 LITHIUM stock over time.
Current vs Lagged Prices
Timeline
E3 LITHIUM Lagged Returns
When evaluating E3 LITHIUM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E3 LITHIUM stock have on its future price. E3 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, E3 LITHIUM autocorrelation shows the relationship between E3 LITHIUM stock current value and its past values and can show if there is a momentum factor associated with investing in E3 LITHIUM LTD.