Lithium Return On Equity from 2010 to 2024
| LAC Stock | CAD 5.57 0.14 2.58% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.01) | Current Value (0.01) | Quarterly Volatility 0.21907383 |
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 Depreciation And Amortization of 521.3 K, Interest Expense of 285.9 K or Selling General Administrative of 15.5 K, as well as many indicators such as Price To Sales Ratio of 74.86, Dividend Yield of 0.0 or PTB Ratio of 2.66. Lithium financial statements analysis is a perfect complement when working with Lithium Americas Valuation or Volatility modules.
Lithium | Return On Equity |
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
| 0.7 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.78 | 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.