American Lithium Corp Stock Price To Book
| AMLI Stock | 0.68 0.01 1.49% |
American Lithium Corp fundamentals help investors to digest information that contributes to American Lithium's financial success or failures. It also enables traders to predict the movement of American Stock. The fundamental analysis module provides a way to measure American Lithium's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to American Lithium stock.
The American Lithium's current Price To Book Ratio is estimated to increase to 17.13. American | Price To Book |
American Lithium Corp Company Price To Book Analysis
American Lithium's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current American Lithium Price To Book | 1.15 X |
Most of American Lithium's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, American Lithium Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
American Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for American Lithium is extremely important. It helps to project a fair market value of American Stock properly, considering its historical fundamentals such as Price To Book. Since American Lithium's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of American Lithium's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of American Lithium's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
American Book Value Per Share
Book Value Per Share |
|
Based on the latest financial disclosure, American Lithium Corp has a Price To Book of 1.1514 times. This is 90.55% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The price to book for all United States stocks is 87.89% higher than that of the company.
American Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American Lithium's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of American Lithium could also be used in its relative valuation, which is a method of valuing American Lithium by comparing valuation metrics of similar companies.American Lithium is currently under evaluation in price to book category among related companies.
American Fundamentals
| Return On Equity | -0.24 | |||
| Return On Asset | -0.15 | |||
| Current Valuation | 124.88 M | |||
| Shares Outstanding | 214.66 M | |||
| Shares Owned By Insiders | 10.45 % | |||
| Shares Owned By Institutions | 7.72 % | |||
| Number Of Shares Shorted | 1.54 M | |||
| Price To Book | 1.15 X | |||
| EBITDA | (35.09 M) | |||
| Net Income | (35.67 M) | |||
| Total Debt | 226.29 K | |||
| Book Value Per Share | 0.81 X | |||
| Cash Flow From Operations | (24.4 M) | |||
| Short Ratio | 4.07 X | |||
| Earnings Per Share | (0.15) X | |||
| Target Price | 4.9 | |||
| Beta | 2.34 | |||
| Market Capitalization | 146.06 M | |||
| Total Asset | 194.28 M | |||
| Retained Earnings | (115.79 M) | |||
| Working Capital | 41.39 M | |||
| Net Asset | 194.28 M |
About American Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American Lithium Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Lithium Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with American Lithium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Lithium will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
| 0.6 | EMX | EMX Royalty Corp Financial Report 20th of May 2024 | PairCorr |
| 0.59 | XPL | Solitario Exploration Financial Report 14th of May 2024 | PairCorr |
| 0.45 | FURY | Fury Gold Mines Financial Report 9th of May 2024 | PairCorr |
| 0.45 | RIO | Rio Tinto ADR | PairCorr |
| 0.44 | WRN | Western Copper | PairCorr |
The ability to find closely correlated positions to American Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Lithium Corp to buy it.
The correlation of American Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Lithium Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Lithium Piotroski F Score and American Lithium Altman Z Score analysis. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for American Stock analysis
When running American Lithium's price analysis, check to measure American 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 American Lithium is operating at the current time. Most of American Lithium's value examination focuses on studying past and present price action to predict the probability of American 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 American Lithium's price. Additionally, you may evaluate how the addition of American Lithium to your portfolios can decrease your overall portfolio volatility.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is American Lithium's industry 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 American Lithium. If investors know American 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 American Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Return On Assets (0.15) | Return On Equity (0.24) |
The market value of American Lithium Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Lithium's value that differs from its market value or its book value, called intrinsic value, which is American Lithium'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 American Lithium's market value can be influenced by many factors that don't directly affect American Lithium'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 American Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Lithium'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.