Atlas Lithium Stock Market Value
| ATLX Stock | USD 13.78 0.49 3.43% |
| Symbol | Atlas |
Atlas Lithium Price To Book Ratio
Is Atlas 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 Atlas Lithium. If investors know Atlas 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 Atlas 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 (4.11) | Quarterly Revenue Growth (0.46) | Return On Assets (1.08) | Return On Equity (7.03) |
The market value of Atlas Lithium is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Lithium's value that differs from its market value or its book value, called intrinsic value, which is Atlas 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 Atlas Lithium's market value can be influenced by many factors that don't directly affect Atlas 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 Atlas Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas 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.
Atlas 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 Atlas 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 Atlas Lithium.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Atlas Lithium on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Lithium or generate 0.0% return on investment in Atlas Lithium over 30 days. Atlas Lithium is related to or competes with SilverCrest Metals, McEwen Mining, Avino Silver, Metalla Royalty, Endeavour Silver, New Pacific, and Gatos Silver. Atlas Lithium Corporation operates as a mineral exploration and mining company in Brazil More
Atlas 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 Atlas 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 Atlas Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 26.92 | |||
| Value At Risk | (9.25) | |||
| Potential Upside | 11.24 |
Atlas Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Lithium's standard deviation. In reality, there are many statistical measures that can use Atlas Lithium historical prices to predict the future Atlas Lithium's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.01) | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Lithium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Atlas Lithium Backtested Returns
Atlas Lithium secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Atlas Lithium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Lithium's Standard Deviation of 6.27, risk adjusted performance of (0.08), and Mean Deviation of 4.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.54, which signifies 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, Atlas Lithium will likely underperform. Atlas Lithium has an expected return of -0.77%. Please make sure to confirm Atlas Lithium standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Atlas Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Atlas Lithium has excellent reverse predictability. Overlapping area represents the amount of predictability between Atlas Lithium time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of April 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 Atlas Lithium price movement. The serial correlation of -0.83 indicates that around 83.0% of current Atlas Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Atlas Lithium lagged returns against current returns
Autocorrelation, which is Atlas 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 Atlas Lithium's stock expected returns. We can calculate the autocorrelation of Atlas Lithium returns to help us make a trade decision. For example, suppose you find that Atlas 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 |
Atlas 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 Atlas Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Lithium Lagged Returns
When evaluating Atlas Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Lithium stock have on its future price. Atlas 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, Atlas Lithium autocorrelation shows the relationship between Atlas Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Lithium.
Regressed Prices |
| Timeline |
Pair Trading with Atlas 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 Atlas 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 Atlas Lithium will appreciate offsetting losses from the drop in the long position's value.Moving against Atlas Stock
| 0.8 | GROY | Gold Royalty Corp Financial Report 9th of May 2024 | PairCorr |
| 0.78 | BVN | Compania de Minas Financial Report 25th of April 2024 | PairCorr |
| 0.72 | CF | CF Industries Holdings Financial Report 6th of May 2024 | PairCorr |
| 0.67 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.6 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Atlas 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 Atlas 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 Atlas 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 Atlas Lithium to buy it.
The correlation of Atlas 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 Atlas Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Lithium 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 Atlas 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 Atlas Lithium Correlation, Atlas Lithium Volatility and Atlas Lithium Alpha and Beta module to complement your research on Atlas Lithium. For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Atlas Stock analysis
When running Atlas Lithium's price analysis, check to measure Atlas 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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas 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 Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |
Atlas Lithium 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.