Argentina Lithium Energy Stock Market Value
| LIT Stock | CAD 0.18 0.01 5.26% |
| Symbol | Argentina |
Argentina Lithium Energy Price To Book Ratio
Argentina 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 Argentina 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 Argentina Lithium.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Argentina Lithium on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Argentina Lithium Energy or generate 0.0% return on investment in Argentina Lithium over 720 days. Argentina Lithium is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Argentina Lithium Energy Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evalu... More
Argentina 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 Argentina 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 Argentina Lithium Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.41 | |||
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.69 |
Argentina Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argentina Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argentina Lithium's standard deviation. In reality, there are many statistical measures that can use Argentina Lithium historical prices to predict the future Argentina Lithium's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 0.3691 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | (0.20) |
Argentina Lithium Energy Backtested Returns
Argentina Lithium appears to be out of control, given 3 months investment horizon. Argentina Lithium Energy secures Sharpe Ratio (or Efficiency) of 0.0605, which signifies that the company had a 0.0605% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Argentina Lithium Energy, which you can use to evaluate the volatility of the firm. Please makes use of Argentina Lithium's risk adjusted performance of 0.0413, and Mean Deviation of 3.6 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argentina Lithium holds a performance score of 4. The firm shows a Beta (market volatility) of -1.16, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Argentina Lithium are expected to decrease by larger amounts. On the other hand, during market turmoil, Argentina Lithium is expected to outperform it. Please check Argentina Lithium's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Argentina Lithium's price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Argentina Lithium Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Argentina 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 Argentina Lithium Energy price movement. The serial correlation of -0.03 indicates that only 3.0% of current Argentina Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Argentina Lithium Energy lagged returns against current returns
Autocorrelation, which is Argentina 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 Argentina Lithium's stock expected returns. We can calculate the autocorrelation of Argentina Lithium returns to help us make a trade decision. For example, suppose you find that Argentina 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 |
Argentina 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 Argentina Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argentina Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argentina Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Argentina Lithium Lagged Returns
When evaluating Argentina Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argentina Lithium stock have on its future price. Argentina 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, Argentina Lithium autocorrelation shows the relationship between Argentina Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Argentina Lithium Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Argentina Stock Analysis
When running Argentina Lithium's price analysis, check to measure Argentina 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 Argentina Lithium is operating at the current time. Most of Argentina Lithium's value examination focuses on studying past and present price action to predict the probability of Argentina 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 Argentina Lithium's price. Additionally, you may evaluate how the addition of Argentina Lithium to your portfolios can decrease your overall portfolio volatility.