United Lithium Corp Stock Market Value
| ULTHF Stock | USD 0.11 0.01 8.33% |
| Symbol | United |
United 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 United Lithium's otc 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 United Lithium.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in United Lithium on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding United Lithium Corp or generate 0.0% return on investment in United Lithium over 30 days. United Lithium is related to or competes with Alpha Copper, Skyharbour Resources, US GoldMining, American Rare, Ameriwest Lithium, American Lithium, and Alpha Lithium. United Lithium Corp. engages in the acquisition, exploration, and evaluation of natural resource properties More
United 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 United Lithium's otc 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 United Lithium Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 21.43 |
United Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Lithium's standard deviation. In reality, there are many statistical measures that can use United Lithium historical prices to predict the future United Lithium's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | (0.07) |
United Lithium Corp Backtested Returns
United Lithium Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0134, which indicates the firm had a -0.0134% return per unit of risk over the last 3 months. United Lithium Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Lithium's Risk Adjusted Performance of 0.0027, variance of 119.64, and Coefficient Of Variation of (11,526) to confirm the risk estimate we provide. The entity has a beta of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, United Lithium will likely underperform. At this point, United Lithium Corp has a negative expected return of -0.14%. Please make sure to validate United Lithium's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if United Lithium Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
United Lithium Corp has very good predictability. Overlapping area represents the amount of predictability between United 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 United Lithium Corp price movement. The serial correlation of 0.85 indicates that around 85.0% of current United Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
United Lithium Corp lagged returns against current returns
Autocorrelation, which is United Lithium otc 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 United Lithium's otc stock expected returns. We can calculate the autocorrelation of United Lithium returns to help us make a trade decision. For example, suppose you find that United Lithium has exhibited high autocorrelation historically, and you observe that the otc 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 |
United 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 United Lithium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Lithium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Lithium otc stock over time.
Current vs Lagged Prices |
| Timeline |
United Lithium Lagged Returns
When evaluating United Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Lithium otc stock have on its future price. United 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, United Lithium autocorrelation shows the relationship between United Lithium otc stock current value and its past values and can show if there is a momentum factor associated with investing in United Lithium Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in United OTC Stock
United Lithium financial ratios help investors to determine whether United OTC Stock 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 United with respect to the benefits of owning United Lithium security.