Lithium Boron Technology Etf Market Value
| HEAT Etf | USD 26.72 0.22 0.83% |
| Symbol | Lithium |
The market value of Lithium Boron Technology is measured differently than its book value, which is the value of Lithium that is recorded on the company's balance sheet. Investors also form their own opinion of Lithium Boron's value that differs from its market value or its book value, called intrinsic value, which is Lithium Boron'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 Lithium Boron's market value can be influenced by many factors that don't directly affect Lithium Boron'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 Lithium Boron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Boron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Boron'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.
Lithium Boron '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 Lithium Boron's etf 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 Lithium Boron.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Lithium Boron on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lithium Boron Technology or generate 0.0% return on investment in Lithium Boron over 30 days. SmartHeat Inc. manufactures and sells boric acid, boron, lithium carbonate, and related compounds for use in industrial ... More
Lithium Boron 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 Lithium Boron's etf 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 Lithium Boron Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9673 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.94 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.79 |
Lithium Boron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Boron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Boron's standard deviation. In reality, there are many statistical measures that can use Lithium Boron historical prices to predict the future Lithium Boron's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.088 |
Lithium Boron Technology Backtested Returns
Currently, Lithium Boron Technology is very steady. Lithium Boron Technology has Sharpe Ratio of 0.044, which conveys that the entity had a 0.044% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lithium Boron, which you can use to evaluate the volatility of the etf. Please verify Lithium Boron's Risk Adjusted Performance of 0.0595, mean deviation of 0.6904, and Downside Deviation of 0.9673 to check out if the risk estimate we provide is consistent with the expected return of 0.0402%. The etf secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lithium Boron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lithium Boron is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Lithium Boron Technology has modest predictability. Overlapping area represents the amount of predictability between Lithium Boron time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Lithium Boron Technology price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Lithium Boron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Lithium Boron Technology lagged returns against current returns
Autocorrelation, which is Lithium Boron etf'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 Lithium Boron's etf expected returns. We can calculate the autocorrelation of Lithium Boron returns to help us make a trade decision. For example, suppose you find that Lithium Boron has exhibited high autocorrelation historically, and you observe that the etf 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 |
Lithium Boron 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 Lithium Boron etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Boron etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Boron etf over time.
Current vs Lagged Prices |
| Timeline |
Lithium Boron Lagged Returns
When evaluating Lithium Boron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Boron etf have on its future price. Lithium Boron 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, Lithium Boron autocorrelation shows the relationship between Lithium Boron etf current value and its past values and can show if there is a momentum factor associated with investing in Lithium Boron Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Lithium Etf
Lithium Boron financial ratios help investors to determine whether Lithium Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lithium with respect to the benefits of owning Lithium Boron security.