Lithium Australia Nl Stock Market Value
| LMMFF Stock | USD 0.01 0 47.44% |
| Symbol | Lithium |
Lithium Australia '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 Australia's pink sheet 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 Australia.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Lithium Australia on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Lithium Australia NL or generate 0.0% return on investment in Lithium Australia over 540 days. Lithium Australia is related to or competes with IGO, and Sumitomo Metal. Lithium Australia Limited, together with its subsidiaries, primarily engages in the mineral exploration and technology d... More
Lithium Australia 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 Australia's pink sheet 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 Australia NL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 51.28 | |||
| Information Ratio | 0.1222 | |||
| Maximum Drawdown | 15344.29 | |||
| Value At Risk | (11.39) | |||
| Potential Upside | 12.06 |
Lithium Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Australia's standard deviation. In reality, there are many statistical measures that can use Lithium Australia historical prices to predict the future Lithium Australia's volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 257.47 | |||
| Total Risk Alpha | (66.43) | |||
| Sortino Ratio | 4.49 | |||
| Treynor Ratio | (1.02) |
Lithium Australia Backtested Returns
Lithium Australia is out of control given 3 months investment horizon. Lithium Australia has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.5% are justified by taking the suggested risk. Use Lithium Australia Downside Deviation of 51.28, mean deviation of 456.66, and Risk Adjusted Performance of 0.1037 to evaluate company specific risk that cannot be diversified away. Lithium Australia holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -225.73, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Lithium Australia are expected to decrease by larger amounts. On the other hand, during market turmoil, Lithium Australia is expected to outperform it. Use Lithium Australia maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to analyze future returns on Lithium Australia.
Auto-correlation | 0.26 |
Poor predictability
Lithium Australia NL has poor predictability. Overlapping area represents the amount of predictability between Lithium Australia time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 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 Lithium Australia price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Lithium Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lithium Australia lagged returns against current returns
Autocorrelation, which is Lithium Australia pink sheet'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 Australia's pink sheet expected returns. We can calculate the autocorrelation of Lithium Australia returns to help us make a trade decision. For example, suppose you find that Lithium Australia has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Australia 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 Australia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Australia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Australia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Lithium Australia Lagged Returns
When evaluating Lithium Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Australia pink sheet have on its future price. Lithium Australia 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 Australia autocorrelation shows the relationship between Lithium Australia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Lithium Australia NL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Lithium Pink Sheet
Lithium Australia financial ratios help investors to determine whether Lithium Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lithium with respect to the benefits of owning Lithium Australia security.