Foremost Lithium Resource Stock Market Value
| FMSTW Stock | 0.32 0.00 0.00% |
| Symbol | Foremost |
Foremost Lithium Resource Price To Book Ratio
Is Commodity Chemicals 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 Foremost Lithium. If investors know Foremost 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 Foremost Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.14) | Return On Equity (0.40) |
The market value of Foremost Lithium Resource is measured differently than its book value, which is the value of Foremost that is recorded on the company's balance sheet. Investors also form their own opinion of Foremost Lithium's value that differs from its market value or its book value, called intrinsic value, which is Foremost Lithium's 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 Foremost Lithium's market value can be influenced by many factors that don't directly affect Foremost Lithium's 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 Foremost Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foremost Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foremost Lithium's 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.
Foremost 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 Foremost Lithium's 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 Foremost Lithium.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Foremost Lithium on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Foremost Lithium Resource or generate 0.0% return on investment in Foremost Lithium over 30 days. Foremost Lithium is related to or competes with CT Real, Comstock Holding, Neogen, Xponential Fitness, SunLink Health, Valneva SE, and Montauk Renewables. Foremost Lithium is entity of United States More
Foremost 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 Foremost Lithium's 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 Foremost Lithium Resource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.5 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 172.47 | |||
| Value At Risk | (27.50) | |||
| Potential Upside | 33.33 |
Foremost Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foremost Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foremost Lithium's standard deviation. In reality, there are many statistical measures that can use Foremost Lithium historical prices to predict the future Foremost Lithium's volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | 2.44 | |||
| Total Risk Alpha | (2.09) | |||
| Sortino Ratio | 0.1013 | |||
| Treynor Ratio | (1.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foremost 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.
Foremost Lithium Resource Backtested Returns
Foremost Lithium is out of control given 3 months investment horizon. Foremost Lithium Resource secures Sharpe Ratio (or Efficiency) of 0.0869, which denotes the company had a 0.0869% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use Foremost Lithium Mean Deviation of 16.42, downside deviation of 20.5, and Coefficient Of Variation of 1161.65 to evaluate company specific risk that cannot be diversified away. Foremost Lithium holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.83, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Foremost Lithium are expected to decrease by larger amounts. On the other hand, during market turmoil, Foremost Lithium is expected to outperform it. Use Foremost Lithium jensen alpha, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to analyze future returns on Foremost Lithium.
Auto-correlation | -0.34 |
Poor reverse predictability
Foremost Lithium Resource has poor reverse predictability. Overlapping area represents the amount of predictability between Foremost Lithium time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Foremost Lithium Resource price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Foremost Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Foremost Lithium Resource lagged returns against current returns
Autocorrelation, which is Foremost Lithium 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 Foremost Lithium's stock expected returns. We can calculate the autocorrelation of Foremost Lithium returns to help us make a trade decision. For example, suppose you find that Foremost Lithium 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 |
Foremost 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 Foremost Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foremost Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foremost Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Foremost Lithium Lagged Returns
When evaluating Foremost Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foremost Lithium stock have on its future price. Foremost 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, Foremost Lithium autocorrelation shows the relationship between Foremost Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Foremost Lithium Resource.
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 Foremost Stock Analysis
When running Foremost Lithium's price analysis, check to measure Foremost 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 Foremost Lithium is operating at the current time. Most of Foremost Lithium's value examination focuses on studying past and present price action to predict the probability of Foremost 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 Foremost Lithium's price. Additionally, you may evaluate how the addition of Foremost Lithium to your portfolios can decrease your overall portfolio volatility.