Stria Lithium Stock Market Value
| SRA Stock | CAD 0.06 0.01 7.69% |
| Symbol | Stria |
Stria Lithium Price To Book Ratio
Stria 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 Stria 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 Stria Lithium.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Stria Lithium on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Stria Lithium or generate 0.0% return on investment in Stria Lithium over 30 days. Stria Lithium is related to or competes with Saville Resources, Silver Predator, and Stakeholder Gold. Stria Lithium Inc. engages in the acquisition, exploration, and development of mineral properties in North America More
Stria 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 Stria 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 Stria Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 56.86 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 12.5 |
Stria Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stria Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stria Lithium's standard deviation. In reality, there are many statistical measures that can use Stria Lithium historical prices to predict the future Stria Lithium's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.61) | |||
| Treynor Ratio | (3.40) |
Stria Lithium Backtested Returns
Stria Lithium owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0431, which indicates the firm had a -0.0431% return per unit of risk over the last 3 months. Stria Lithium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stria Lithium's Variance of 58.3, coefficient of variation of (2,356), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.0982, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Stria Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stria Lithium is expected to be smaller as well. At this point, Stria Lithium has a negative expected return of -0.33%. Please make sure to validate Stria Lithium's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Stria Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Stria Lithium has good predictability. Overlapping area represents the amount of predictability between Stria Lithium time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Stria Lithium price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Stria Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stria Lithium lagged returns against current returns
Autocorrelation, which is Stria 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 Stria Lithium's stock expected returns. We can calculate the autocorrelation of Stria Lithium returns to help us make a trade decision. For example, suppose you find that Stria 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 |
Stria 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 Stria Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stria Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stria Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Stria Lithium Lagged Returns
When evaluating Stria Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stria Lithium stock have on its future price. Stria 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, Stria Lithium autocorrelation shows the relationship between Stria Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Stria Lithium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stria Stock Analysis
When running Stria Lithium's price analysis, check to measure Stria 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 Stria Lithium is operating at the current time. Most of Stria Lithium's value examination focuses on studying past and present price action to predict the probability of Stria 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 Stria Lithium's price. Additionally, you may evaluate how the addition of Stria Lithium to your portfolios can decrease your overall portfolio volatility.