Litium AB (Sweden) Price on August 16, 2023
LITI Stock | SEK 7.82 0.06 0.76% |
If you're considering investing in Litium Stock, it is important to understand the factors that can impact its price. As of today, the current price of Litium AB stands at 7.82, as last reported on the 11th of December 2024, with the highest price reaching 7.90 and the lowest price hitting 7.68 during the day. Litium AB has Sharpe Ratio of -0.0366, which conveys that the firm had a -0.0366% return per unit of risk over the last 3 months. Litium AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Litium AB's Standard Deviation of 1.63, mean deviation of 1.26, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide.
Litium Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Litium |
Sharpe Ratio = -0.0366
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Estimated Market Risk
1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Litium AB 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 Litium AB by adding Litium AB to a well-diversified portfolio.
Litium AB Valuation on August 16, 2023
It is possible to determine the worth of Litium AB on a given historical date. On August 16, 2023 Litium was worth 9.1 at the beginning of the trading date compared to the closed value of 9.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Litium AB stock. Still, in general, we apply an absolute valuation method to find Litium AB's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Litium AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Litium AB's related companies.
Open | High | Low | Close | Volume | |
9.22 | 9.50 | 9.00 | 9.40 | 8,434 | |
08/16/2023 | 9.10 | 9.36 | 8.94 | 9.10 | 14,243 |
9.10 | 9.30 | 9.00 | 9.28 | 8,078 |
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Litium AB Trading Date Momentum on August 16, 2023
On August 17 2023 Litium AB was traded for 9.28 at the closing time. The highest price during the trading period was 9.30 and the lowest recorded bid was listed for 9.00 . The volume for the day was 8.1 K. This history from August 17, 2023 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 1.98% . The trading delta at closing time to the current price is 1.10% . |
Litium AB Fundamentals Correlations and Trends
By evaluating Litium AB's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Litium AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Litium financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Litium AB Stock history
Litium AB investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Litium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Litium AB will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Litium AB stock prices may prove useful in developing a viable investing in Litium AB
Litium AB operates cloud based e-commerce platform for retailers, e-tailers, and B2B businesses. The company was founded in 1998 and is headquartered in Stockholm, Sweden. Litium AB is traded on Stockholm Stock Exchange in Sweden.
Litium AB Stock Technical Analysis
Litium AB 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.
Price Boundaries
Litium AB Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Litium AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Litium AB December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Litium AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Litium AB shares will generate the highest return on investment. By undertsting and applying Litium AB stock market strength indicators, traders can identify Litium AB entry and exit signals to maximize returns
Litium AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Litium AB's price direction in advance. Along with the technical and fundamental analysis of Litium Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Litium to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.35) | |||
Treynor Ratio | (0.18) |
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Additional Tools for Litium Stock Analysis
When running Litium AB's price analysis, check to measure Litium AB'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 Litium AB is operating at the current time. Most of Litium AB's value examination focuses on studying past and present price action to predict the probability of Litium AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Litium AB's price. Additionally, you may evaluate how the addition of Litium AB to your portfolios can decrease your overall portfolio volatility.