Licycle Holdings Corp Stock Price on December 31, 2023
| LICY Stock | USD 2.08 0.03 1.42% |
If you're considering investing in LiCycle Stock, it is important to understand the factors that can impact its price. As of today, the current price of LiCycle Holdings stands at 2.08, as last reported on the 22nd of November, with the highest price reaching 2.14 and the lowest price hitting 2.06 during the day. LiCycle Holdings appears to be extremely dangerous, given 3 months investment horizon. LiCycle Holdings Corp retains Efficiency (Sharpe Ratio) of 0.0771, which conveys that the firm had a 0.0771% return per unit of return volatility over the last 3 months. By examining LiCycle Holdings' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise LiCycle Holdings' Mean Deviation of 6.64, market risk adjusted performance of (11.12), and Downside Deviation of 7.37 to check out if our risk estimates are consistent with your expectations.
LiCycle Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
LiCycle |
Sharpe Ratio = 0.0771
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Estimated Market Risk
| 9.68 actual daily | 86 86% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average LiCycle Holdings is performing at about 6% 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 LiCycle Holdings by adding it to a well-diversified portfolio.
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LiCycle Holdings Valuation on December 31, 2023
It is possible to determine the worth of LiCycle Holdings on a given historical date. On December 31, 2023 LiCycle was worth 5.36 at the beginning of the trading date compared to the closed value of 4.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of LiCycle Holdings stock. Still, in general, we apply an absolute valuation method to find LiCycle Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of LiCycle Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against LiCycle Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 5.20 | 5.76 | 5.13 | 5.20 | 975,095 | |
12/29/2023 | 5.36 | 5.42 | 4.68 | 4.68 | 710,692 |
| 4.88 | 4.96 | 4.72 | 4.72 | 480,691 |
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LiCycle Holdings Trading Date Momentum on December 31, 2023
| On January 02 2024 LiCycle Holdings Corp was traded for 4.72 at the closing time. The top price for the day was 4.96 and the lowest listed price was 4.72 . The trading volume for the day was 480.7 K. The trading history from January 2, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.85% . The trading delta at closing time against the current closing price is 6.62% . |
LiCycle Holdings Corp Fundamentals Correlations and Trends
By evaluating LiCycle Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among LiCycle Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. LiCycle financial account trend analysis is a perfect complement when working with valuation or volatility modules.About LiCycle Holdings Stock history
LiCycle Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for LiCycle is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in LiCycle Holdings Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing LiCycle Holdings stock prices may prove useful in developing a viable investing in LiCycle Holdings
Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. Li-Cycle Holdings operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 155 people.
LiCycle Holdings Stock Technical Analysis
LiCycle Holdings 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.
Price Boundaries
LiCycle Holdings Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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LiCycle Holdings November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how LiCycle Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading LiCycle Holdings shares will generate the highest return on investment. By undertsting and applying LiCycle Holdings stock market strength indicators, traders can identify LiCycle Holdings Corp entry and exit signals to maximize returns
LiCycle Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for LiCycle Holdings' price direction in advance. Along with the technical and fundamental analysis of LiCycle Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of LiCycle to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.7425 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0864 | |||
| Treynor Ratio | (11.13) |
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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.