Licycle Holdings Corp Stock Market Value
| LICY Stock | USD 2.15 0.07 3.37% |
| Symbol | LiCycle |
LiCycle Holdings Corp Price To Book Ratio
Is Environmental & Facilities Services 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 LiCycle Holdings. If investors know LiCycle 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 LiCycle Holdings 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 (0.03) | Earnings Share (5.58) | Revenue Per Share 1.195 | Quarterly Revenue Growth 0.787 | Return On Assets (0.09) |
The market value of LiCycle Holdings Corp is measured differently than its book value, which is the value of LiCycle that is recorded on the company's balance sheet. Investors also form their own opinion of LiCycle Holdings' value that differs from its market value or its book value, called intrinsic value, which is LiCycle Holdings' 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 LiCycle Holdings' market value can be influenced by many factors that don't directly affect LiCycle Holdings' 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 LiCycle Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if LiCycle Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LiCycle Holdings' 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.
LiCycle Holdings '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 LiCycle Holdings' 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 LiCycle Holdings.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in LiCycle Holdings on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding LiCycle Holdings Corp or generate 0.0% return on investment in LiCycle Holdings over 360 days. LiCycle Holdings is related to or competes with Casella Waste, Perma Fix, Montrose Environmental, LanzaTech Global, Republic Services, Waste Connections, and Clean Harbors. Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business ... More
LiCycle Holdings 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 LiCycle Holdings' 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 LiCycle Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.37 | |||
| Information Ratio | 0.0468 | |||
| Maximum Drawdown | 55.51 | |||
| Value At Risk | (10.47) | |||
| Potential Upside | 14.15 |
LiCycle Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LiCycle Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LiCycle Holdings' standard deviation. In reality, there are many statistical measures that can use LiCycle Holdings historical prices to predict the future LiCycle Holdings' volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.4975 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | 0.0612 | |||
| Treynor Ratio | 0.9284 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LiCycle Holdings' 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.
LiCycle Holdings Corp Backtested Returns
LiCycle Holdings appears to be dangerous, given 3 months investment horizon. LiCycle Holdings Corp retains Efficiency (Sharpe Ratio) of 0.0883, which conveys that the firm had a 0.0883% return per unit of return volatility over the last 3 months. By examining LiCycle Holdings' technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please exercise LiCycle Holdings' Downside Deviation of 7.37, market risk adjusted performance of 0.9384, and Mean Deviation of 6.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LiCycle Holdings holds a performance score of 6. The company owns a Beta (Systematic Risk) of 0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LiCycle Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding LiCycle Holdings is expected to be smaller as well. Please check LiCycle Holdings' jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether LiCycle Holdings' current price history will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
LiCycle Holdings Corp has weak reverse predictability. Overlapping area represents the amount of predictability between LiCycle Holdings time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 LiCycle Holdings Corp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current LiCycle Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
LiCycle Holdings Corp lagged returns against current returns
Autocorrelation, which is LiCycle Holdings 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 LiCycle Holdings' stock expected returns. We can calculate the autocorrelation of LiCycle Holdings returns to help us make a trade decision. For example, suppose you find that LiCycle Holdings 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 |
LiCycle Holdings 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 LiCycle Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LiCycle Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LiCycle Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
LiCycle Holdings Lagged Returns
When evaluating LiCycle Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LiCycle Holdings stock have on its future price. LiCycle Holdings 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, LiCycle Holdings autocorrelation shows the relationship between LiCycle Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in LiCycle Holdings Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for LiCycle Stock Analysis
When running LiCycle Holdings' price analysis, check to measure LiCycle Holdings' 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 LiCycle Holdings is operating at the current time. Most of LiCycle Holdings' value examination focuses on studying past and present price action to predict the probability of LiCycle Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LiCycle Holdings' price. Additionally, you may evaluate how the addition of LiCycle Holdings to your portfolios can decrease your overall portfolio volatility.