Piedmont Lithium Stock Market Value
| PLLTL Stock | USD 0.12 0.01 9.09% |
| Symbol | Piedmont |
Piedmont 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 Piedmont Lithium'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 Piedmont Lithium.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Piedmont Lithium on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Piedmont Lithium or generate 0.0% return on investment in Piedmont Lithium over 270 days. Piedmont Lithium is related to or competes with Aldebaran Resources, European Metals, Ardea Resources, Alpha Lithium, Critical Elements, IGO, and Frontier Lithium. Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in ... More
Piedmont 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 Piedmont Lithium'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 Piedmont Lithium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.71 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 41.45 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 19.85 |
Piedmont Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piedmont Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piedmont Lithium's standard deviation. In reality, there are many statistical measures that can use Piedmont Lithium historical prices to predict the future Piedmont Lithium's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.7952 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | 0.769 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Piedmont Lithium'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.
Piedmont Lithium Backtested Returns
Piedmont Lithium appears to be out of control, given 3 months investment horizon. Piedmont Lithium maintains Sharpe Ratio (i.e., Efficiency) of 0.0902, which implies the firm had a 0.0902% return per unit of risk over the last 3 months. By analyzing Piedmont Lithium's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please evaluate Piedmont Lithium's Coefficient Of Variation of 1062.15, risk adjusted performance of 0.0812, and Semi Deviation of 7.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Piedmont Lithium holds a performance score of 7. The company holds a Beta of 1.24, which implies 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, Piedmont Lithium will likely underperform. Please check Piedmont Lithium's total risk alpha and the relationship between the potential upside and day typical price , to make a quick decision on whether Piedmont Lithium's historical price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Piedmont Lithium has weak reverse predictability. Overlapping area represents the amount of predictability between Piedmont Lithium time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Piedmont Lithium price movement. The serial correlation of -0.25 indicates that over 25.0% of current Piedmont Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Piedmont Lithium lagged returns against current returns
Autocorrelation, which is Piedmont Lithium 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 Piedmont Lithium's pink sheet expected returns. We can calculate the autocorrelation of Piedmont Lithium returns to help us make a trade decision. For example, suppose you find that Piedmont Lithium 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 |
Piedmont 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 Piedmont Lithium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piedmont Lithium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piedmont Lithium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Piedmont Lithium Lagged Returns
When evaluating Piedmont Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piedmont Lithium pink sheet have on its future price. Piedmont 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, Piedmont Lithium autocorrelation shows the relationship between Piedmont Lithium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Piedmont Lithium.
Regressed Prices |
| Timeline |
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Piedmont Lithium financial ratios help investors to determine whether Piedmont 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 Piedmont with respect to the benefits of owning Piedmont Lithium security.