Atlas Lithium Stock Beta
| ATLX Stock | USD 7.09 0.05 0.70% |
Atlas Lithium fundamentals help investors to digest information that contributes to Atlas Lithium's financial success or failures. It also enables traders to predict the movement of Atlas Stock. The fundamental analysis module provides a way to measure Atlas Lithium's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Atlas Lithium stock.
Atlas | Beta |
Atlas Lithium Company Beta Analysis
Atlas Lithium's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Atlas Lithium Beta | -3.68 |
Most of Atlas Lithium's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Atlas Lithium is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Atlas Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Atlas Lithium is extremely important. It helps to project a fair market value of Atlas Stock properly, considering its historical fundamentals such as Beta. Since Atlas Lithium's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Atlas Lithium's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Atlas Lithium's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Atlas Lithium has a Beta of -3.681. This is 523.1% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The beta for all United States stocks is notably higher than that of the company.
Atlas Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Atlas Lithium's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Atlas Lithium could also be used in its relative valuation, which is a method of valuing Atlas Lithium by comparing valuation metrics of similar companies.Atlas Lithium is currently under evaluation in beta category among its peers.
Atlas Lithium ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Atlas Lithium's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Atlas Lithium's managers, analysts, and investors.Environmental | Governance | Social |
As returns on the market increase, returns on owning Atlas Lithium are expected to decrease by larger amounts. On the other hand, during market turmoil, Atlas Lithium is expected to outperform it.
Atlas Fundamentals
| Return On Equity | -3.3 | |||
| Return On Asset | -0.7 | |||
| Operating Margin | (60.55) % | |||
| Current Valuation | 98.63 M | |||
| Shares Outstanding | 15.42 M | |||
| Shares Owned By Insiders | 49.49 % | |||
| Shares Owned By Institutions | 10.76 % | |||
| Number Of Shares Shorted | 498.63 K | |||
| Price To Book | 4.73 X | |||
| Price To Sales | 202.46 X | |||
| Revenue | 620 | |||
| Gross Profit | (235.58 K) | |||
| EBITDA | (42.59 B) | |||
| Net Income | (42.63 M) | |||
| Cash And Equivalents | 444.23 K | |||
| Total Debt | 10.22 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 0.16 X | |||
| Book Value Per Share | 1.53 X | |||
| Cash Flow From Operations | (5.03 M) | |||
| Short Ratio | 4.07 X | |||
| Earnings Per Share | (3.54) X | |||
| Target Price | 27.67 | |||
| Number Of Employees | 76 | |||
| Beta | -3.68 | |||
| Market Capitalization | 110.07 M | |||
| Total Asset | 43.68 M | |||
| Retained Earnings | (101.66 M) | |||
| Working Capital | 24.04 M | |||
| Net Asset | 43.68 M |
About Atlas Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Atlas Lithium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atlas Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atlas Lithium based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 Atlas Stock Analysis
When running Atlas Lithium's price analysis, check to measure Atlas 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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas 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 Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.