Piedmont Lithium Ltd Stock Market Value
| PLL Stock | USD 12.35 0.06 0.49% |
| Symbol | Piedmont |
Piedmont Lithium Price To Book Ratio
Is Diversified Metals & Mining 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 Piedmont Lithium. If investors know Piedmont 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 Piedmont Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.293 | Earnings Share (4.10) | Revenue Per Share 0.024 | Quarterly Revenue Growth (0.41) | Return On Assets (0.09) |
The market value of Piedmont Lithium is measured differently than its book value, which is the value of Piedmont that is recorded on the company's balance sheet. Investors also form their own opinion of Piedmont Lithium's value that differs from its market value or its book value, called intrinsic value, which is Piedmont 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 Piedmont Lithium's market value can be influenced by many factors that don't directly affect Piedmont 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 Piedmont Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Piedmont Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Piedmont 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.
Piedmont 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 Piedmont 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 Piedmont Lithium.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Piedmont Lithium on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Piedmont Lithium Ltd or generate 0.0% return on investment in Piedmont Lithium over 30 days. Piedmont Lithium is related to or competes with Vale SA, Teck Resources, MP Materials, Lithium Americas, BHP Group, Glencore PLC, and Piedmont Lithium. Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in ... More
Piedmont 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 Piedmont 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 Piedmont Lithium Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.16 | |||
| Information Ratio | 0.0875 | |||
| Maximum Drawdown | 34.61 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 15.69 |
Piedmont Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piedmont Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piedmont Lithium's standard deviation. In reality, there are many statistical measures that can use Piedmont Lithium historical prices to predict the future Piedmont Lithium's volatility.| Risk Adjusted Performance | 0.0884 | |||
| Jensen Alpha | 0.9959 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | (0.47) |
Piedmont Lithium Backtested Returns
Piedmont Lithium appears to be not too volatile, given 3 months investment horizon. Piedmont Lithium maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Piedmont Lithium's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please evaluate Piedmont Lithium's Coefficient Of Variation of 965.77, risk adjusted performance of 0.0884, and Semi Deviation of 5.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Piedmont Lithium holds a performance score of 9. The company holds a Beta of -1.72, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Piedmont Lithium are expected to decrease by larger amounts. On the other hand, during market turmoil, Piedmont Lithium is expected to outperform it. Please check Piedmont Lithium's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Piedmont Lithium's historical price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Piedmont Lithium Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Piedmont Lithium time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Piedmont Lithium price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Piedmont Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Piedmont Lithium lagged returns against current returns
Autocorrelation, which is Piedmont 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 Piedmont Lithium's stock expected returns. We can calculate the autocorrelation of Piedmont Lithium returns to help us make a trade decision. For example, suppose you find that Piedmont 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 |
Piedmont 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 Piedmont Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piedmont Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piedmont Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Piedmont Lithium Lagged Returns
When evaluating Piedmont Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piedmont Lithium stock have on its future price. Piedmont 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, Piedmont Lithium autocorrelation shows the relationship between Piedmont Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Piedmont Lithium Ltd.
Regressed Prices |
| Timeline |
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Piedmont Lithium 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.