Lithium Financial Statements From 2010 to 2024
| LAC Stock | CAD 5.55 0.13 2.29% |
Check Lithium Americas financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lithium Americas' main balance sheet or income statement drivers, such as , as well as many indicators such as . Lithium financial statements analysis is a perfect complement when working with Lithium Americas Valuation or Volatility modules.
Lithium |
Lithium Americas Corp Company Return On Asset Analysis
Lithium Americas' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Lithium Americas Return On Asset | -0.0372 |
Most of Lithium Americas' fundamental indicators, such as Return On Asset, 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, Lithium Americas Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Lithium Americas Corp has a Return On Asset of -0.0372. This is 105.03% lower than that of the Metals & Mining sector and 99.36% lower than that of the Materials industry. The return on asset for all Canada stocks is 73.43% lower than that of the firm.
Lithium Americas Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Lithium Americas's current stock value. Our valuation model uses many indicators to compare Lithium Americas value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Lithium Americas competition to find correlations between indicators driving Lithium Americas's intrinsic value. More Info.Lithium Americas Corp is currently regarded as number one stock in return on equity category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Lithium Americas by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Lithium Americas' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Lithium Americas Financial Statements
Lithium Americas investors utilize fundamental indicators, such as revenue or net income, to predict how Lithium Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Lithium Americas Corp. operates as a resource company in the United States. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. LITHIUM AMERICAS operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Lithium Americas
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 Lithium Americas 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 Lithium Americas will appreciate offsetting losses from the drop in the long position's value.Moving together with Lithium Stock
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.77 | FDY | Faraday Copper Corp | PairCorr |
Moving against Lithium Stock
The ability to find closely correlated positions to Lithium Americas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium Americas 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 Lithium Americas - 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 Lithium Americas Corp to buy it.
The correlation of Lithium Americas 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 Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas 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 Lithium Americas 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 the analysis of Lithium Americas Correlation against competitors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.