Core Lithium Stock Market Value
| CXOXF Stock | USD 0.06 0.0003 0.48% |
| Symbol | Core |
Core Lithium '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 Core Lithium's pink sheet 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 Core Lithium.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Core Lithium on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Core Lithium or generate 0.0% return on investment in Core Lithium over 180 days. Core Lithium is related to or competes with Macmahon Holdings, Prime Meridian, Peak Resources, Pilbara Minerals, Patriot Battery, Aurelia Metals, and Azimut Exploration. Core Lithium Ltd engages in the development of lithium and various metal deposits in Northern Territory and South Austra... More
Core Lithium 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 Core Lithium's pink sheet 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 Core Lithium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.96 | |||
| Information Ratio | 0.0429 | |||
| Maximum Drawdown | 77.28 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 17.86 |
Core Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Lithium's standard deviation. In reality, there are many statistical measures that can use Core Lithium historical prices to predict the future Core Lithium's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.6339 | |||
| Total Risk Alpha | (1.51) | |||
| Sortino Ratio | 0.0437 | |||
| Treynor Ratio | 1.47 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Core Lithium's 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.
Core Lithium Backtested Returns
Core Lithium appears to be out of control, given 3 months investment horizon. Core Lithium secures Sharpe Ratio (or Efficiency) of 0.0712, which signifies that the company had a 0.0712% return per unit of risk over the last 3 months. By analyzing Core Lithium's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Core Lithium's Mean Deviation of 8.26, downside deviation of 12.96, and Risk Adjusted Performance of 0.0502 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Core Lithium holds a performance score of 5. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Core Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Core Lithium is expected to be smaller as well. Please check Core Lithium's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Core Lithium's price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Core Lithium has very weak reverse predictability. Overlapping area represents the amount of predictability between Core Lithium time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Core Lithium price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Core Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Core Lithium lagged returns against current returns
Autocorrelation, which is Core Lithium pink sheet'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 Core Lithium's pink sheet expected returns. We can calculate the autocorrelation of Core Lithium returns to help us make a trade decision. For example, suppose you find that Core Lithium has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Core Lithium 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 Core Lithium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Lithium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Lithium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Core Lithium Lagged Returns
When evaluating Core Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Lithium pink sheet have on its future price. Core Lithium 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, Core Lithium autocorrelation shows the relationship between Core Lithium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Core Lithium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Core Pink Sheet
Core Lithium financial ratios help investors to determine whether Core Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Core with respect to the benefits of owning Core Lithium security.