Lithium Americas Corp Stock Market Value
| LAC Stock | USD 3.90 0.14 3.47% |
| Symbol | Lithium |
Lithium Americas Corp Price To Book Ratio
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.
Lithium Americas '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 Americas' 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 Lithium Americas.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Lithium Americas on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lithium Americas Corp or generate 0.0% return on investment in Lithium Americas over 60 days. Lithium Americas is related to or competes with Vale SA, BHP Group, Glencore PLC, Piedmont Lithium, and Sigma Lithium. Lithium Americas Corp. operates as a resource company in the United States and Argentina More
Lithium Americas 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 Americas' 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 Lithium Americas Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.1081 | |||
| Maximum Drawdown | 32.09 | |||
| Value At Risk | (7.35) | |||
| Potential Upside | 10.63 |
Lithium Americas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lithium Americas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lithium Americas' standard deviation. In reality, there are many statistical measures that can use Lithium Americas historical prices to predict the future Lithium Americas' volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.5612 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1512 | |||
| Treynor Ratio | 0.4639 |
Lithium Americas Corp Backtested Returns
Lithium Americas appears to be relatively risky, given 3 months investment horizon. Lithium Americas Corp has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Lithium Americas' technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please exercise Lithium Americas' Downside Deviation of 4.2, mean deviation of 4.61, and Risk Adjusted Performance of 0.1081 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lithium Americas holds a performance score of 11. The company secures a Beta (Market Risk) of 1.63, which conveys 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, Lithium Americas will likely underperform. Please check Lithium Americas' downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether Lithium Americas' current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Lithium Americas Corp has good reverse predictability. Overlapping area represents the amount of predictability between Lithium Americas time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Americas Corp price movement. The serial correlation of -0.51 indicates that about 51.0% of current Lithium Americas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Lithium Americas Corp lagged returns against current returns
Autocorrelation, which is Lithium Americas 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 Lithium Americas' stock expected returns. We can calculate the autocorrelation of Lithium Americas returns to help us make a trade decision. For example, suppose you find that Lithium Americas 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 |
| Timeline |
Lithium Americas 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 Americas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lithium Americas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lithium Americas stock over time.
Current vs Lagged Prices |
| Timeline |
Lithium Americas Lagged Returns
When evaluating Lithium Americas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lithium Americas stock have on its future price. Lithium Americas 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 Americas autocorrelation shows the relationship between Lithium Americas stock current value and its past values and can show if there is a momentum factor associated with investing in Lithium Americas Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Lithium Americas Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lithium Americas' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lithium Americas Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lithium Americas Corp Stock:Check out Lithium Americas Correlation, Lithium Americas Volatility and Lithium Americas Alpha and Beta module to complement your research on Lithium Americas. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Lithium Americas technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.