Snow Lake Resources Stock Technical Analysis
| LITM Stock | USD 0.20 0.02 11.11% |
As of the 2nd of December, Snow Lake has the Risk Adjusted Performance of (0.08), variance of 31.89, and Coefficient Of Variation of (817.75). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Snow Lake Resources, as well as the relationship between them. Please validate Snow Lake Resources information ratio and skewness to decide if Snow Lake is priced more or less accurately, providing market reflects its prevalent price of 0.2 per share. As Snow Lake Resources appears to be a penny stock we also recommend to double-check its jensen alpha numbers.
Snow Lake Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Snow, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SnowSnow |
Snow Lake Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 11.25 | Strong Sell | 0 | Odds |
Most Snow analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Snow stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Snow Lake Resources, talking to its executives and customers, or listening to Snow conference calls.
Snow Analyst Advice DetailsSnow Lake technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Snow Lake Resources Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Snow Lake Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Snow Lake Resources Trend Analysis
Use this graph to draw trend lines for Snow Lake Resources. You can use it to identify possible trend reversals for Snow Lake as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Snow Lake price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Snow Lake Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Snow Lake Resources applied against its price change over selected period. The best fit line has a slop of 0.0021 , which may suggest that Snow Lake Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.17, which is the sum of squared deviations for the predicted Snow Lake price change compared to its average price change.About Snow Lake Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Snow Lake Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Snow Lake Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Snow Lake Resources price pattern first instead of the macroeconomic environment surrounding Snow Lake Resources. By analyzing Snow Lake's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Snow Lake's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Snow Lake specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | PB Ratio | 2.67 | 2.54 | Capex To Depreciation | 141.45 | 134.38 |
Snow Lake December 2, 2024 Technical Indicators
Most technical analysis of Snow help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Snow from various momentum indicators to cycle indicators. When you analyze Snow charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.58) | |||
| Mean Deviation | 4.21 | |||
| Coefficient Of Variation | (817.75) | |||
| Standard Deviation | 5.65 | |||
| Variance | 31.89 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (1.64) | |||
| Treynor Ratio | (0.59) | |||
| Maximum Drawdown | 32.86 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 9.38 | |||
| Skewness | 0.931 | |||
| Kurtosis | 2.63 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.