The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what MILLENNIAL's beta means in this case. the returns on MARKET and MILLENNIAL LITHIUM are completely uncorrelated. Although it is important to respect MILLENNIAL LITHIUM CORP price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The approach towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting MILLENNIAL LITHIUM CORP technical indicators, you can now evaluate if the expected return of 0.0% will be sustainable into the future. MILLENNIAL LITHIUM CORP currently secures a risk of 0.0%. Please verify MILLENNIAL LITHIUM CORP coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if MILLENNIAL LITHIUM CORP will be following its current price movements.
MILLENNIAL Performance
0 of 100
Over the last 90 days MILLENNIAL LITHIUM CORP has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively steady basic indicators, MILLENNIAL LITHIUM is not utilizing all of its potentials. The current stock price chaos, may contribute to medium-term losses for the stakeholders. ...more
Quick Ratio57.79
Fifty Two Week Low4.7800
Fifty Two Week High4.7800

MILLENNIAL LITHIUM Relative Risk vs. Return Landscape

If you would invest (100.00)  in MILLENNIAL LITHIUM CORP on May 16, 2022 and sell it today you would earn a total of  100.00  from holding MILLENNIAL LITHIUM CORP or generate -100.0% return on investment over 90 days. MILLENNIAL LITHIUM CORP is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all stocks have less volatile historical return distribution than MILLENNIAL LITHIUM, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
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Today, many novice investors tend to focus exclusively on investment returns with little concern for MILLENNIAL LITHIUM's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as MILLENNIAL LITHIUM CORP, and traders can use it to determine the average amount a MILLENNIAL LITHIUM's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

Good Returns
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Based on monthly moving average MILLENNIAL LITHIUM is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MILLENNIAL LITHIUM by adding it to a well-diversified portfolio.

Things to note about MILLENNIAL LITHIUM CORP

Checking the ongoing alerts about MILLENNIAL LITHIUM for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MILLENNIAL LITHIUM CORP help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.


Equity Alerts and Improvement Suggestions

MILLENNIAL LITHIUM is not yet fully synchronised with the market data
MILLENNIAL LITHIUM has some characteristics of a very speculative penny stock
MILLENNIAL LITHIUM has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (16.91 M).
MILLENNIAL LITHIUM CORP has accumulated about 48.61 M in cash with (4.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.5.
Roughly 16.0% of the company shares are owned by insiders or employees
Check out Trending Equities. Note that the MILLENNIAL LITHIUM CORP information on this page should be used as a complementary analysis to other MILLENNIAL LITHIUM's 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for MILLENNIAL Stock

When running MILLENNIAL LITHIUM CORP price analysis, check to measure MILLENNIAL 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 MILLENNIAL LITHIUM is operating at the current time. Most of MILLENNIAL LITHIUM's value examination focuses on studying past and present price action to predict the probability of MILLENNIAL LITHIUM's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MILLENNIAL LITHIUM's price. Additionally, you may evaluate how the addition of MILLENNIAL LITHIUM to your portfolios can decrease your overall portfolio volatility.
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