LiCycle Stock Market Value

LICY
 Stock
  

USD 5.95  0.42  6.59%   

LiCycle Holdings' market value is the price at which a share of LiCycle Holdings stock trades on a public exchange. It measures the collective expectations of LiCycle Holdings Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of LiCycle Holdings Corp and determine expected loss or profit from investing in LiCycle Holdings over a given investment horizon. Additionally, see LiCycle Holdings Correlation, LiCycle Holdings Volatility and LiCycle Holdings Alpha and Beta module to complement your research on LiCycle Holdings.
Symbol


Is LiCycle Holdings' industry 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 LiCycle Holdings. If investors know LiCycle 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 LiCycle Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
32.62
Return On Assets
(0.11) 
Return On Equity
(0.85) 
The market value of LiCycle Holdings Corp is measured differently than its book value, which is the value of LiCycle that is recorded on the company's balance sheet. Investors also form their own opinion of LiCycle Holdings' value that differs from its market value or its book value, called intrinsic value, which is LiCycle Holdings' 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 LiCycle Holdings' market value can be influenced by many factors that don't directly affect LiCycle Holdings' 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 LiCycle Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine LiCycle Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LiCycle Holdings' 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.

LiCycle Holdings '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 LiCycle Holdings' 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 LiCycle Holdings.
0.00
10/02/2022
No Change 0.00  0.0 
In 2 months and 1 day
12/01/2022
0.00
If you would invest  0.00  in LiCycle Holdings on October 2, 2022 and sell it all today you would earn a total of 0.00 from holding LiCycle Holdings Corp or generate 0.0% return on investment in LiCycle Holdings over 60 days. LiCycle Holdings is related to or competes with Verizon Communications. Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business ... More

LiCycle Holdings 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 LiCycle Holdings' 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 LiCycle Holdings Corp upside and downside potential and time the market with a certain degree of confidence.

LiCycle Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for LiCycle Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LiCycle Holdings' standard deviation. In reality, there are many statistical measures that can use LiCycle Holdings historical prices to predict the future LiCycle Holdings' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of LiCycle Holdings' 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. Please use the tools below to analyze the current value of LiCycle Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1.935.959.97
Details
Intrinsic
Valuation
LowReal ValueHigh
3.967.9812.00
Details
Naive
Forecast
LowNext ValueHigh
2.146.1510.17
Details
7 Analysts
Consensus
LowTarget PriceHigh
11.0014.5717.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as LiCycle Holdings. Your research has to be compared to or analyzed against LiCycle Holdings' peers to derive any actionable benefits. When done correctly, LiCycle Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in LiCycle Holdings Corp.

LiCycle Holdings Corp Backtested Returns

LiCycle Holdings Corp retains Efficiency (Sharpe Ratio) of -0.0016, which conveys that the firm had -0.0016% of return per unit of return volatility over the last 3 months. Macroaxis approach towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. LiCycle Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify LiCycle Holdings Corp mean deviation of 3.2, and Market Risk Adjusted Performance of (0.09) to check out the risk estimate we provide.
The company owns a Beta (Systematic Risk) of 1.5691, which conveys a somewhat significant risk relative to the market. Let's try to break down what LiCycle's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LiCycle Holdings will likely underperform. Even though it is essential to pay attention to LiCycle Holdings Corp existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. LiCycle Holdings exposes twenty-one different technical indicators, which can help you to evaluate its performance. LiCycle Holdings Corp has an expected return of -0.0066%. Please be advised to verify LiCycle Holdings Corp variance, as well as the relationship between the value at risk and skewness to decide if LiCycle Holdings Corp performance from the past will be repeated at some future point.

Auto-correlation

    
  0.50  

Modest predictability

LiCycle Holdings Corp has modest predictability. Overlapping area represents the amount of predictability between LiCycle Holdings time series from 2nd of October 2022 to 1st of November 2022 and 1st of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LiCycle Holdings Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current LiCycle Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.04

LiCycle Holdings Corp lagged returns against current returns

Autocorrelation, which is LiCycle Holdings 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 LiCycle Holdings' stock expected returns. We can calculate the autocorrelation of LiCycle Holdings returns to help us make a trade decision. For example, suppose you find that LiCycle Holdings stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

LiCycle Holdings 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 LiCycle Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LiCycle Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LiCycle Holdings stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

LiCycle Holdings Lagged Returns

When evaluating LiCycle Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LiCycle Holdings stock have on its future price. LiCycle Holdings 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, LiCycle Holdings autocorrelation shows the relationship between LiCycle Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in LiCycle Holdings Corp.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards LiCycle Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, LiCycle Holdings' short interest history, or implied volatility extrapolated from LiCycle Holdings options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as LiCycle Holdings Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see LiCycle Holdings Correlation, LiCycle Holdings Volatility and LiCycle Holdings Alpha and Beta module to complement your research on LiCycle Holdings. Note that the LiCycle Holdings Corp information on this page should be used as a complementary analysis to other LiCycle Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for LiCycle Stock analysis

When running LiCycle Holdings Corp price analysis, check to measure LiCycle Holdings' 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 LiCycle Holdings is operating at the current time. Most of LiCycle Holdings' value examination focuses on studying past and present price action to predict the probability of LiCycle Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move LiCycle Holdings' price. Additionally, you may evaluate how the addition of LiCycle Holdings to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
LiCycle Holdings 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.
A focus of LiCycle Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of LiCycle Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...