Lithiumbank Resources Corp Stock Market Value
| LBNK Stock | 0.26 0.01 3.70% |
| Symbol | LithiumBank |
LithiumBank Resources Price To Book Ratio
LithiumBank Resources '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 LithiumBank Resources' 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 LithiumBank Resources.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in LithiumBank Resources on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding LithiumBank Resources Corp or generate 0.0% return on investment in LithiumBank Resources over 30 days. LithiumBank Resources is related to or competes with Fairfax Financial, Rubicon Organics, Canadian Imperial, Storage Vault, Canso Credit, First National, and Maple Leaf. LithiumBank Resources is entity of Canada More
LithiumBank Resources 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 LithiumBank Resources' 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 LithiumBank Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 26.78 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.14 |
LithiumBank Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LithiumBank Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LithiumBank Resources' standard deviation. In reality, there are many statistical measures that can use LithiumBank Resources historical prices to predict the future LithiumBank Resources' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 1.82 |
LithiumBank Resources Backtested Returns
LithiumBank Resources has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. LithiumBank Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LithiumBank Resources' Mean Deviation of 3.35, risk adjusted performance of (0.10), and Standard Deviation of 4.71 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LithiumBank Resources are expected to decrease at a much lower rate. During the bear market, LithiumBank Resources is likely to outperform the market. At this point, LithiumBank Resources has a negative expected return of -0.73%. Please make sure to verify LithiumBank Resources' maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if LithiumBank Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
LithiumBank Resources Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between LithiumBank Resources time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 LithiumBank Resources price movement. The serial correlation of -0.02 indicates that only 2.0% of current LithiumBank Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LithiumBank Resources lagged returns against current returns
Autocorrelation, which is LithiumBank Resources 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 LithiumBank Resources' stock expected returns. We can calculate the autocorrelation of LithiumBank Resources returns to help us make a trade decision. For example, suppose you find that LithiumBank Resources 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 |
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LithiumBank Resources 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 LithiumBank Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LithiumBank Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LithiumBank Resources stock over time.
Current vs Lagged Prices |
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LithiumBank Resources Lagged Returns
When evaluating LithiumBank Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LithiumBank Resources stock have on its future price. LithiumBank Resources 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, LithiumBank Resources autocorrelation shows the relationship between LithiumBank Resources stock current value and its past values and can show if there is a momentum factor associated with investing in LithiumBank Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for LithiumBank Stock Analysis
When running LithiumBank Resources' price analysis, check to measure LithiumBank Resources' 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 LithiumBank Resources is operating at the current time. Most of LithiumBank Resources' value examination focuses on studying past and present price action to predict the probability of LithiumBank Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LithiumBank Resources' price. Additionally, you may evaluate how the addition of LithiumBank Resources to your portfolios can decrease your overall portfolio volatility.