E3 Lithium Stock Performance
| ETL Stock | 0.98 0.03 3.16% |
The firm owns a Beta (Systematic Risk) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, E3 Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding E3 Lithium is expected to be smaller as well. At this point, E3 Lithium has a negative expected return of -0.51%. Please make sure to confirm E3 Lithium's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if E3 Lithium performance from the past will be repeated sooner or later.
Risk-Adjusted Performance
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Over the last 90 days E3 Lithium has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
Last Split Factor 1:5 | Dividend Date 2017-03-03 | Last Split Date 2017-03-03 |
1 | E3 Lithium Reports Q2 2024 Financials and Growth Plans - TipRanks | 08/29/2024 |
2 | E3 Lithium Successfully Commissions Lithium Carbonate Reactors in the Lab for Use in Field Demonstration - StockTitan | 09/26/2024 |
3 | E3 inches closer to Albertas first lithium production plant 2024-11-21 Investing News - Stockhouse Publishing | 11/21/2024 |
| Begin Period Cash Flow | 13.2 M | |
| Free Cash Flow | -8.4 M |
ETL |
E3 Lithium Relative Risk vs. Return Landscape
If you would invest 139.00 in E3 Lithium on August 24, 2024 and sell it today you would lose (41.00) from holding E3 Lithium or give up 29.5% of portfolio value over 90 days. E3 Lithium is currently producing negative expected returns and takes up 3.0768% volatility of returns over 90 trading days. Put another way, 27% of traded stocks are less volatile than ETL, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
E3 Lithium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for E3 Lithium's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as E3 Lithium, and traders can use it to determine the average amount a E3 Lithium's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1646
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| Negative Returns | ETL |
Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.51 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average E3 Lithium is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of E3 Lithium by adding E3 Lithium to a well-diversified portfolio.
E3 Lithium Fundamentals Growth
ETL Stock prices reflect investors' perceptions of the future prospects and financial health of E3 Lithium, and E3 Lithium fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ETL Stock performance.
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.14 | ||||
| Current Valuation | 49.61 M | ||||
| Shares Outstanding | 75.27 M | ||||
| Price To Book | 1.36 X | ||||
| EBITDA | (10.48 M) | ||||
| Net Income | (9.04 M) | ||||
| Total Debt | 4.83 M | ||||
| Book Value Per Share | 0.72 X | ||||
| Cash Flow From Operations | (5.86 M) | ||||
| Earnings Per Share | (0.12) X | ||||
| Market Capitalization | 73.76 M | ||||
| Total Asset | 61.99 M | ||||
| Retained Earnings | (42.79 M) | ||||
| Working Capital | 32.05 M | ||||
About E3 Lithium Performance
Evaluating E3 Lithium's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if E3 Lithium has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if E3 Lithium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 2.1 K | 2 K | |
| Return On Tangible Assets | (0.16) | (0.17) | |
| Return On Capital Employed | (0.16) | (0.17) | |
| Return On Assets | (0.15) | (0.15) | |
| Return On Equity | (0.16) | (0.17) |
Things to note about E3 Lithium performance evaluation
Checking the ongoing alerts about E3 Lithium for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for E3 Lithium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| E3 Lithium generated a negative expected return over the last 90 days | |
| E3 Lithium has some characteristics of a very speculative penny stock | |
| E3 Lithium has high historical volatility and very poor performance | |
| Net Loss for the year was (9.04 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| E3 Lithium generates negative cash flow from operations | |
| Latest headline from news.google.com: E3 inches closer to Albertas first lithium production plant 2024-11-21 Investing News - Stockhouse Publishing |
- Analyzing E3 Lithium's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether E3 Lithium's stock is overvalued or undervalued compared to its peers.
- Examining E3 Lithium's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating E3 Lithium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of E3 Lithium's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of E3 Lithium's stock. These opinions can provide insight into E3 Lithium's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 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 E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 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 E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.