Lithium Americas Corp Stock Market Value
| LAC Stock | USD 4.49 0.19 4.06% |
| Symbol | Lithium |
Lithium Americas Corp Price To Book Ratio
Is Lithium Americas' 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 Lithium Americas. If investors know Lithium 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 Lithium Americas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.126 | Earnings Share (0.02) | Revenue Per Share (0.02) | Quarterly Revenue Growth 0.081 | Return On Assets (0.07) |
The market value of Lithium Americas Corp is measured differently than its book value, which is the value of Lithium that is recorded on the company's balance sheet. Investors also form their own opinion of Lithium Americas' value that differs from its market value or its book value, called intrinsic value, which is Lithium Americas' 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 Lithium Americas' market value can be influenced by many factors that don't directly affect Lithium Americas' 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 Lithium Americas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Americas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Americas' 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.
Lithium Americas '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 Americas' 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 Americas.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Lithium Americas on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lithium Americas Corp or generate 0.0% return on investment in Lithium Americas over 30 days. Lithium Americas is related to or competes with Skeena Resources, Materion, Fury Gold, and Eskay Mining. Lithium Americas Corp. operates as a resource company in the United States and Argentina More
Lithium Americas 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 Americas' 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 Americas Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.23 | |||
| Information Ratio | 0.0246 | |||
| Maximum Drawdown | 44.84 | |||
| Value At Risk | (8.66) | |||
| Potential Upside | 8.11 |
Lithium Americas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Americas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Americas' standard deviation. In reality, there are many statistical measures that can use Lithium Americas historical prices to predict the future Lithium Americas' volatility.| Risk Adjusted Performance | 0.034 | |||
| Jensen Alpha | 0.0461 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | 0.1061 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lithium Americas' 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.
Lithium Americas Corp Backtested Returns
We consider Lithium Americas relatively risky. Lithium Americas Corp has Sharpe Ratio of 0.0269, which conveys that the firm had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lithium Americas, which you can use to evaluate the volatility of the firm. Please verify Lithium Americas' Mean Deviation of 4.1, downside deviation of 7.23, and Risk Adjusted Performance of 0.034 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Lithium Americas has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.22, which conveys 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, Lithium Americas will likely underperform. Lithium Americas Corp right now secures a risk of 6.3%. Please verify Lithium Americas Corp treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Lithium Americas Corp will be following its current price movements.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Lithium Americas Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Lithium Americas time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Lithium Americas Corp price movement. The serial correlation of -0.16 indicates that over 16.0% of current Lithium Americas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Lithium Americas Corp lagged returns against current returns
Autocorrelation, which is Lithium Americas 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 Americas' stock expected returns. We can calculate the autocorrelation of Lithium Americas returns to help us make a trade decision. For example, suppose you find that Lithium Americas 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 Americas 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 Americas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Americas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Americas stock over time.
Current vs Lagged Prices |
| Timeline |
Lithium Americas Lagged Returns
When evaluating Lithium Americas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Americas stock have on its future price. Lithium Americas 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 Americas autocorrelation shows the relationship between Lithium Americas stock current value and its past values and can show if there is a momentum factor associated with investing in Lithium Americas Corp.
Regressed Prices |
| Timeline |
Lithium Americas Investors Sentiment
The influence of Lithium Americas' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Lithium. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Lithium Americas' public news can be used to forecast risks associated with an investment in Lithium. The trend in average sentiment can be used to explain how an investor holding Lithium can time the market purely based on public headlines and social activities around Lithium Americas Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Lithium Americas' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Lithium Americas' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Lithium Americas' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Lithium Americas.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lithium Americas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lithium Americas' short interest history, or implied volatility extrapolated from Lithium Americas options trading.
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Try AI Portfolio ArchitectCheck out Lithium Americas Correlation, Lithium Americas Volatility and Lithium Americas Alpha and Beta module to complement your research on Lithium Americas. Note that the Lithium Americas Corp information on this page should be used as a complementary analysis to other Lithium Americas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Lithium Americas' price analysis, check to measure Lithium Americas' 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 Americas is operating at the current time. Most of Lithium Americas' value examination focuses on studying past and present price action to predict the probability of Lithium Americas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lithium Americas' price. Additionally, you may evaluate how the addition of Lithium Americas to your portfolios can decrease your overall portfolio volatility.
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Lithium Americas 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.