Snow Lake Resources Stock Market Value
| LITM Stock | USD 0.21 0.01 4.55% |
| Symbol | Snow |
Snow Lake Resources Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake'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 Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake'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 Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake'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.
Snow Lake '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 Snow Lake'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 Snow Lake.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Snow Lake on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Snow Lake Resources or generate 0.0% return on investment in Snow Lake over 390 days. Snow Lake is related to or competes with Patriot Battery, Vulcan Energy, Latin Resources, Ardea Resources, Liontown Resources, Critical Elements, and Lithium Americas. Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral ... More
Snow Lake 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 Snow Lake'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 Snow Lake Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 32.86 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 6.45 |
Snow Lake Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snow Lake's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snow Lake's standard deviation. In reality, there are many statistical measures that can use Snow Lake historical prices to predict the future Snow Lake's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.16) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Snow Lake's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Snow Lake Resources Backtested Returns
Snow Lake Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Snow Lake Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snow Lake's Coefficient Of Variation of (596.67), risk adjusted performance of (0.12), and Variance of 32.49 to confirm the risk estimate we provide. The entity has a beta of 1.62, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Snow Lake will likely underperform. At this point, Snow Lake Resources has a negative expected return of -0.86%. Please make sure to validate Snow Lake's skewness, as well as the relationship between the day median price and relative strength index , to decide if Snow Lake Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Snow Lake Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Snow Lake time series from 30th of October 2023 to 12th of May 2024 and 12th 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 Snow Lake Resources price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Snow Lake price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Snow Lake Resources lagged returns against current returns
Autocorrelation, which is Snow Lake 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 Snow Lake's stock expected returns. We can calculate the autocorrelation of Snow Lake returns to help us make a trade decision. For example, suppose you find that Snow Lake 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 |
Snow Lake 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 Snow Lake stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snow Lake stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snow Lake stock over time.
Current vs Lagged Prices |
| Timeline |
Snow Lake Lagged Returns
When evaluating Snow Lake's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snow Lake stock have on its future price. Snow Lake 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, Snow Lake autocorrelation shows the relationship between Snow Lake stock current value and its past values and can show if there is a momentum factor associated with investing in Snow Lake Resources.
Regressed Prices |
| Timeline |
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Snow Lake 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.