Atlas Lithium Stock Market Value
| ATLX Stock | USD 7.93 0.16 2.06% |
| Symbol | Atlas |
Atlas Lithium Price To Book Ratio
Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atlas Lithium. If investors know Atlas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atlas Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.54) | Revenue Per Share 0.038 | Quarterly Revenue Growth (0.46) | Return On Assets (0.70) | Return On Equity (3.30) |
The market value of Atlas Lithium is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Lithium's value that differs from its market value or its book value, called intrinsic value, which is Atlas Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atlas Lithium's market value can be influenced by many factors that don't directly affect Atlas Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atlas Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas Lithium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Atlas Lithium 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Atlas Lithium's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Atlas Lithium.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Atlas Lithium on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Atlas Lithium or generate 0.0% return on investment in Atlas Lithium over 720 days. Atlas Lithium is related to or competes with SilverCrest Metals, New Pacific, Endeavour Silver, McEwen Mining, Metalla Royalty, Hecla Mining, and Platinum Group. Atlas Lithium Corporation operates as a mineral exploration and mining company in Brazil More
Atlas Lithium Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Atlas Lithium's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Atlas Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 32.65 | |||
| Value At Risk | (7.95) | |||
| Potential Upside | 7.83 |
Atlas Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Lithium's standard deviation. In reality, there are many statistical measures that can use Atlas Lithium historical prices to predict the future Atlas Lithium's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (1.81) |
Atlas Lithium Backtested Returns
Atlas Lithium secures Sharpe Ratio (or Efficiency) of -0.0771, which signifies that the company had a -0.0771% return per unit of risk over the last 3 months. Atlas Lithium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Lithium's Risk Adjusted Performance of (0.03), mean deviation of 4.66, and Standard Deviation of 6.02 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atlas Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlas Lithium is expected to be smaller as well. At this point, Atlas Lithium has a negative expected return of -0.45%. Please make sure to confirm Atlas Lithium's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Atlas Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Atlas Lithium has excellent reverse predictability. Overlapping area represents the amount of predictability between Atlas Lithium time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Atlas Lithium price movement. The serial correlation of -0.83 indicates that around 83.0% of current Atlas Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 44.42 |
Atlas Lithium lagged returns against current returns
Autocorrelation, which is Atlas Lithium stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Atlas Lithium's stock expected returns. We can calculate the autocorrelation of Atlas Lithium returns to help us make a trade decision. For example, suppose you find that Atlas Lithium has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Atlas Lithium regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Atlas Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Lithium Lagged Returns
When evaluating Atlas Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Lithium stock have on its future price. Atlas Lithium autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Atlas Lithium autocorrelation shows the relationship between Atlas Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Lithium.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Atlas Stock Analysis
When running Atlas Lithium's price analysis, check to measure Atlas 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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.