E3 Lithium Stock Market Value
| ETL Stock | 1.04 0.06 6.12% |
| Symbol | ETL |
E3 Lithium Price To Book Ratio
E3 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 E3 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 E3 Lithium.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in E3 Lithium on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding E3 Lithium or generate 0.0% return on investment in E3 Lithium over 720 days. E3 Lithium is related to or competes with Frontier Lithium, Sigma Lithium, Standard Lithium, and LithiumBank Resources. E3 Lithium is entity of Canada. It is traded as Stock on V exchange. More
E3 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 E3 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 E3 Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 4.2 |
E3 Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E3 Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E3 Lithium's standard deviation. In reality, there are many statistical measures that can use E3 Lithium historical prices to predict the future E3 Lithium's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | (1.70) |
E3 Lithium Backtested Returns
E3 Lithium retains Efficiency (Sharpe Ratio) of -0.13, which denotes the company had a -0.13% return per unit of price deviation over the last 3 months. E3 Lithium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm E3 Lithium's Information Ratio of (0.23), market risk adjusted performance of (1.69), and Standard Deviation of 3.2 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, E3 Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding E3 Lithium is expected to be smaller as well. At this point, E3 Lithium has a negative expected return of -0.41%. Please make sure to confirm E3 Lithium's kurtosis, day median price, as well as the relationship between the treynor ratio and standard deviation , to decide if E3 Lithium performance from the past will be repeated sooner or later.
Auto-correlation | -0.58 |
Good reverse predictability
E3 Lithium has good reverse predictability. Overlapping area represents the amount of predictability between E3 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 E3 Lithium price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current E3 Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
E3 Lithium lagged returns against current returns
Autocorrelation, which is E3 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 E3 Lithium's stock expected returns. We can calculate the autocorrelation of E3 Lithium returns to help us make a trade decision. For example, suppose you find that E3 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 |
E3 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 E3 Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E3 Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E3 Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
E3 Lithium Lagged Returns
When evaluating E3 Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E3 Lithium stock have on its future price. E3 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, E3 Lithium autocorrelation shows the relationship between E3 Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in E3 Lithium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 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 E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 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 E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.