Lithium Americas Corp Stock Market Value
| LAAC Stock | 4.79 0.08 1.70% |
| Symbol | Lithium |
Lithium Americas Corp Price To Book Ratio
Lithium Americas '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 Americas' 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 Lithium Americas.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Lithium Americas on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Lithium Americas Corp or generate 0.0% return on investment in Lithium Americas over 30 days. Lithium Americas is related to or competes with Medical Facilities, Ocumetics Technology, High Liner, and Firan Technology. Lithium Americas is entity of Canada. It is traded as Stock on TO exchange. More
Lithium Americas 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 Americas' 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 Lithium Americas Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1006 | |||
| Maximum Drawdown | 23.05 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 10.63 |
Lithium Americas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Americas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Americas' standard deviation. In reality, there are many statistical measures that can use Lithium Americas historical prices to predict the future Lithium Americas' volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.6435 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1208 | |||
| Treynor Ratio | (2.60) |
Lithium Americas Corp Backtested Returns
Lithium Americas appears to be risky, given 3 months investment horizon. Lithium Americas Corp has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Lithium Americas' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Lithium Americas' Mean Deviation of 3.73, downside deviation of 4.02, and Risk Adjusted Performance of 0.1071 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lithium Americas holds a performance score of 11. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lithium Americas are expected to decrease at a much lower rate. During the bear market, Lithium Americas is likely to outperform the market. Please check Lithium Americas' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Lithium Americas' current price movements will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Lithium Americas Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Lithium Americas time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Americas Corp price movement. The serial correlation of -0.83 indicates that around 83.0% of current Lithium Americas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Lithium Americas Corp lagged returns against current returns
Autocorrelation, which is Lithium Americas 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 Lithium Americas' stock expected returns. We can calculate the autocorrelation of Lithium Americas returns to help us make a trade decision. For example, suppose you find that Lithium Americas 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 |
Lithium Americas 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 Americas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Americas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Americas stock over time.
Current vs Lagged Prices |
| Timeline |
Lithium Americas Lagged Returns
When evaluating Lithium Americas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Americas stock have on its future price. Lithium Americas 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 Americas autocorrelation shows the relationship between Lithium Americas stock current value and its past values and can show if there is a momentum factor associated with investing in Lithium Americas Corp.
Regressed Prices |
| Timeline |
Pair Trading with Lithium Americas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lithium Americas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lithium Americas will appreciate offsetting losses from the drop in the long position's value.Moving together with Lithium Stock
| 0.69 | IVN | Ivanhoe Mines | PairCorr |
| 0.87 | FIL | Filo Mining Corp | PairCorr |
| 0.94 | SGML | Sigma Lithium Resources | PairCorr |
Moving against Lithium Stock
The ability to find closely correlated positions to Lithium Americas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium Americas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lithium Americas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lithium Americas Corp to buy it.
The correlation of Lithium Americas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lithium Americas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Lithium Americas Correlation, Lithium Americas Volatility and Lithium Americas Alpha and Beta module to complement your research on Lithium Americas. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Lithium Americas 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.