Litium AB (Sweden) Market Value
| LITI Stock | SEK 7.46 0.04 0.53% |
| Symbol | Litium |
Litium AB '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 Litium AB'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 Litium AB.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Litium AB on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Litium AB or generate 0.0% return on investment in Litium AB over 360 days. Litium AB is related to or competes with Spectrumone Publ, Media, and Cantargia. Litium AB operates cloud based e-commerce platform for retailers, e-tailers, and B2B businesses More
Litium AB 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 Litium AB'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 Litium AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.05 |
Litium AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Litium AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Litium AB's standard deviation. In reality, there are many statistical measures that can use Litium AB historical prices to predict the future Litium AB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.3093 |
Litium AB Backtested Returns
Litium AB has Sharpe Ratio of -0.0683, which conveys that the firm had a -0.0683% return per unit of risk over the last 3 months. Litium AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Litium AB's Standard Deviation of 1.55, risk adjusted performance of (0.06), and Mean Deviation of 1.24 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Litium AB are expected to decrease at a much lower rate. During the bear market, Litium AB is likely to outperform the market. At this point, Litium AB has a negative expected return of -0.11%. Please make sure to verify Litium AB's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Litium AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Litium AB has modest reverse predictability. Overlapping area represents the amount of predictability between Litium AB time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Litium AB price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Litium AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
Litium AB lagged returns against current returns
Autocorrelation, which is Litium AB 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 Litium AB's stock expected returns. We can calculate the autocorrelation of Litium AB returns to help us make a trade decision. For example, suppose you find that Litium AB 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 |
Litium AB 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 Litium AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Litium AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Litium AB stock over time.
Current vs Lagged Prices |
| Timeline |
Litium AB Lagged Returns
When evaluating Litium AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Litium AB stock have on its future price. Litium AB 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, Litium AB autocorrelation shows the relationship between Litium AB stock current value and its past values and can show if there is a momentum factor associated with investing in Litium AB.
Regressed Prices |
| Timeline |
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Additional Tools for Litium Stock Analysis
When running Litium AB's price analysis, check to measure Litium AB'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 Litium AB is operating at the current time. Most of Litium AB's value examination focuses on studying past and present price action to predict the probability of Litium AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Litium AB's price. Additionally, you may evaluate how the addition of Litium AB to your portfolios can decrease your overall portfolio volatility.