Licycle Holdings Corp Stock Probability of Future Stock Price Finishing Under 0.04
| LICY Stock | USD 2.08 0.03 1.42% |
LiCycle |
LiCycle Holdings Target Price Odds to finish below 0.04
The tendency of LiCycle Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.04 or more in 90 days |
| 2.08 | 90 days | 0.04 | near 1 |
Based on a normal probability distribution, the odds of LiCycle Holdings to drop to $ 0.04 or more in 90 days from now is near 1 (This LiCycle Holdings Corp probability density function shows the probability of LiCycle Stock to fall within a particular range of prices over 90 days) . Probability of LiCycle Holdings Corp price to stay between $ 0.04 and its current price of $2.08 at the end of the 90-day period is about 46.07 .
Given the investment horizon of 90 days LiCycle Holdings has a beta of 0.67. This indicates as returns on the market go up, LiCycle Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding LiCycle Holdings Corp will be expected to be much smaller as well. Additionally LiCycle Holdings Corp has an alpha of 0.3449, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). LiCycle Holdings Price Density |
| Price |
Predictive Modules for LiCycle Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as LiCycle Holdings Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LiCycle Holdings' 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.
LiCycle Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. LiCycle Holdings is not an exception. The market had few large corrections towards the LiCycle Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold LiCycle Holdings Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of LiCycle Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 0.67 | |
σ | Overall volatility | 0.51 | |
Ir | Information ratio | 0.03 |
LiCycle Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of LiCycle Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for LiCycle Holdings Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| LiCycle Holdings is way too risky over 90 days horizon | |
| LiCycle Holdings appears to be risky and price may revert if volatility continues | |
| LiCycle Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 18.3 M. Net Loss for the year was (138 M) with loss before overhead, payroll, taxes, and interest of (3.2 M). | |
| LiCycle Holdings Corp currently holds about 649.03 M in cash with (99.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Li-Cycle Holdings Corp Q3 2024 Earnings Call Highlights Revenue Surge and Strategic ... |
LiCycle Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of LiCycle Stock often depends not only on the future outlook of the current and potential LiCycle Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. LiCycle Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 177.5 M |
LiCycle Holdings Technical Analysis
LiCycle Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. LiCycle Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of LiCycle Holdings Corp. In general, you should focus on analyzing LiCycle Stock price patterns and their correlations with different microeconomic environments and drivers.
LiCycle Holdings Predictive Forecast Models
LiCycle Holdings' time-series forecasting models is one of many LiCycle Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary LiCycle Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about LiCycle Holdings Corp
Checking the ongoing alerts about LiCycle Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for LiCycle Holdings Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| LiCycle Holdings is way too risky over 90 days horizon | |
| LiCycle Holdings appears to be risky and price may revert if volatility continues | |
| LiCycle Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 18.3 M. Net Loss for the year was (138 M) with loss before overhead, payroll, taxes, and interest of (3.2 M). | |
| LiCycle Holdings Corp currently holds about 649.03 M in cash with (99.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Li-Cycle Holdings Corp Q3 2024 Earnings Call Highlights Revenue Surge and Strategic ... |
Additional Tools for LiCycle Stock Analysis
When running LiCycle Holdings' price analysis, check to measure LiCycle Holdings' 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 LiCycle Holdings is operating at the current time. Most of LiCycle Holdings' value examination focuses on studying past and present price action to predict the probability of LiCycle Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LiCycle Holdings' price. Additionally, you may evaluate how the addition of LiCycle Holdings to your portfolios can decrease your overall portfolio volatility.