Imagine Lithium Stock Market Value
| ILI Stock | CAD 0.03 0.00 0.00% |
| Symbol | Imagine |
Imagine Lithium Price To Book Ratio
Imagine 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 Imagine 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 Imagine Lithium.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Imagine Lithium on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Imagine Lithium or generate 0.0% return on investment in Imagine Lithium over 720 days. Imagine Lithium is related to or competes with Golden Pursuit. Infinite Lithium Corp., a junior mineral exploration company, engages in acquiring, exploring, and evaluating mineral pr... More
Imagine 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 Imagine 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 Imagine Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Imagine Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imagine Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imagine Lithium's standard deviation. In reality, there are many statistical measures that can use Imagine Lithium historical prices to predict the future Imagine Lithium's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.906 | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.26) |
Imagine Lithium Backtested Returns
At this stage we consider Imagine Stock to be out of control. Imagine Lithium holds Efficiency (Sharpe) Ratio of 0.012, which attests that the entity had a 0.012% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Imagine Lithium, which you can use to evaluate the volatility of the firm. Please check out Imagine Lithium's Market Risk Adjusted Performance of (0.25), standard deviation of 11.54, and Risk Adjusted Performance of 0.0513 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The company retains a Market Volatility (i.e., Beta) of -2.36, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Imagine Lithium are expected to decrease by larger amounts. On the other hand, during market turmoil, Imagine Lithium is expected to outperform it. Imagine Lithium right now retains a risk of 11.05%. Please check out Imagine Lithium variance, as well as the relationship between the value at risk and rate of daily change , to decide if Imagine Lithium will be following its current trending patterns.
Auto-correlation | 0.33 |
Below average predictability
Imagine Lithium has below average predictability. Overlapping area represents the amount of predictability between Imagine Lithium time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Imagine Lithium price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Imagine Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Imagine Lithium lagged returns against current returns
Autocorrelation, which is Imagine 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 Imagine Lithium's stock expected returns. We can calculate the autocorrelation of Imagine Lithium returns to help us make a trade decision. For example, suppose you find that Imagine 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 |
Imagine 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 Imagine Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imagine Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imagine Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Imagine Lithium Lagged Returns
When evaluating Imagine Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imagine Lithium stock have on its future price. Imagine 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, Imagine Lithium autocorrelation shows the relationship between Imagine Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Imagine Lithium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Imagine Stock Analysis
When running Imagine Lithium's price analysis, check to measure Imagine 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 Imagine Lithium is operating at the current time. Most of Imagine Lithium's value examination focuses on studying past and present price action to predict the probability of Imagine 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 Imagine Lithium's price. Additionally, you may evaluate how the addition of Imagine Lithium to your portfolios can decrease your overall portfolio volatility.