Lithium Americas Corp Stock Statistic Functions Pearson Correlation Coefficient
| LAC Stock | USD 3.65 0.09 2.41% |
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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Lithium Americas Corp and its benchmark or peer.
Lithium Americas Technical Analysis Modules
Most technical analysis of Lithium Americas help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lithium from various momentum indicators to cycle indicators. When you analyze Lithium charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Lithium Americas Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lithium Americas Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Lithium Americas Corp based on widely used predictive technical indicators. In general, we focus on analyzing Lithium Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Lithium Americas's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Lithium Americas's intrinsic value. In addition to deriving basic predictive indicators for Lithium Americas, we also check how macroeconomic factors affect Lithium Americas price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Payables Turnover | 0.0201 | 0.019 | Days Of Inventory On Hand | 99.81 | 116.36 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lithium Americas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lithium Americas' short interest history, or implied volatility extrapolated from Lithium Americas options trading.
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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 Lithium Americas. If investors know Lithium 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 Lithium Americas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.126 | Earnings Share (0.12) | Revenue Per Share 0.02 | Quarterly Revenue Growth 0.081 | Return On Assets (0.04) |
The market value of Lithium Americas Corp is measured differently than its book value, which is the value of Lithium that is recorded on the company's balance sheet. Investors also form their own opinion of Lithium Americas' value that differs from its market value or its book value, called intrinsic value, which is Lithium Americas' 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 Lithium Americas' market value can be influenced by many factors that don't directly affect Lithium Americas' 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 Lithium Americas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Americas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Americas' 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.