Patriot Lithium (Australia) Market Value
| PAT Stock | 0.04 0 2.27% |
| Symbol | Patriot |
Patriot 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 Patriot 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 Patriot Lithium.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Patriot Lithium on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Patriot Lithium or generate 0.0% return on investment in Patriot Lithium over 30 days. Patriot Lithium is related to or competes with Macquarie Technology, Ainsworth Game, Ras Technology, REGAL ASIAN, Premier Investments, Pinnacle Investment, and Navigator Global. Patriot Lithium is entity of Australia. It is traded as Stock on AU exchange. More
Patriot 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 Patriot 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 Patriot Lithium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.17 | |||
| Information Ratio | 0.0145 | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 9.76 |
Patriot Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patriot Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patriot Lithium's standard deviation. In reality, there are many statistical measures that can use Patriot Lithium historical prices to predict the future Patriot Lithium's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.1619 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.0121 | |||
| Treynor Ratio | 0.8057 |
Patriot Lithium Backtested Returns
Patriot Lithium appears to be out of control, given 3 months investment horizon. Patriot Lithium maintains Sharpe Ratio (i.e., Efficiency) of 0.079, which implies the firm had a 0.079% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Patriot Lithium, which you can use to evaluate the volatility of the company. Please evaluate Patriot Lithium's Semi Deviation of 3.64, risk adjusted performance of 0.0381, and Coefficient Of Variation of 2585.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Patriot Lithium holds a performance score of 6. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Patriot Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Patriot Lithium is expected to be smaller as well. Please check Patriot Lithium's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Patriot Lithium's historical price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Patriot Lithium has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Patriot Lithium time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Patriot Lithium price movement. The serial correlation of -0.77 indicates that around 77.0% of current Patriot Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Patriot Lithium lagged returns against current returns
Autocorrelation, which is Patriot 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 Patriot Lithium's stock expected returns. We can calculate the autocorrelation of Patriot Lithium returns to help us make a trade decision. For example, suppose you find that Patriot 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 |
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Patriot 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 Patriot Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patriot Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patriot Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Patriot Lithium Lagged Returns
When evaluating Patriot Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patriot Lithium stock have on its future price. Patriot 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, Patriot Lithium autocorrelation shows the relationship between Patriot Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Patriot Lithium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Patriot Stock Analysis
When running Patriot Lithium's price analysis, check to measure Patriot 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 Patriot Lithium is operating at the current time. Most of Patriot Lithium's value examination focuses on studying past and present price action to predict the probability of Patriot 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 Patriot Lithium's price. Additionally, you may evaluate how the addition of Patriot Lithium to your portfolios can decrease your overall portfolio volatility.