Li-Cycle Stock Market Value

LICY
 Stock
  

USD 5.63  0.05  0.88%   

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


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

Li-Cycle 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 Li-Cycle 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 Li-Cycle Holdings.
0.00
10/16/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
10/06/2022
0.00
If you would invest  0.00  in Li-Cycle Holdings on October 16, 2020 and sell it all today you would earn a total of 0.00 from holding Li-Cycle Holdings Corp or generate 0.0% return on investment in Li-Cycle Holdings over 720 days. Li-Cycle Holdings is related to or competes with Amazon. Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business ... More

Li-Cycle 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 Li-Cycle 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 Li-Cycle Holdings Corp upside and downside potential and time the market with a certain degree of confidence.

Li-Cycle Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Li-Cycle Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Li-Cycle Holdings' standard deviation. In reality, there are many statistical measures that can use Li-Cycle Holdings historical prices to predict the future Li-Cycle Holdings' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Li-Cycle 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 Li-Cycle Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1.255.609.95
Details
Intrinsic
Valuation
LowReal ValueHigh
3.397.7412.09
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 Li-Cycle Holdings. Your research has to be compared to or analyzed against Li-Cycle Holdings' peers to derive any actionable benefits. When done correctly, Li-Cycle 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 Li-Cycle Holdings Corp.

Li-Cycle Holdings Corp Backtested Returns

Li-Cycle Holdings Corp retains Efficiency (Sharpe Ratio) of -0.0376, which conveys that the firm had -0.0376% of return per unit of price deviation over the last 3 months. Macroaxis standpoint 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. Li-Cycle Holdings exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Li-Cycle Holdings Corp Standard Deviation of 4.3, market risk adjusted performance of (0.06), and Mean Deviation of 3.24 to check out the risk estimate we provide.
The company owns a Beta (Systematic Risk) of 1.4497, which conveys a somewhat significant risk relative to the market. Let's try to break down what Li-Cycle'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, Li-Cycle Holdings will likely underperform. Even though it is essential to pay attention to Li-Cycle Holdings Corp existing price patterns, it is always good to be careful when utilizing equity price patterns. Our philosophy 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. Li-Cycle Holdings exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Li-Cycle Holdings Corp has an expected return of -0.16%. Please be advised to verify Li-Cycle Holdings Corp treynor ratio, and the relationship between the coefficient of variation and semi variance to decide if Li-Cycle Holdings Corp performance from the past will be repeated at future time.

Auto-correlation

    
  0.10  

Insignificant predictability

Li-Cycle Holdings Corp has insignificant predictability. Overlapping area represents the amount of predictability between Li-Cycle Holdings time series from 16th of October 2020 to 11th of October 2021 and 11th of October 2021 to 6th of October 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 Li-Cycle Holdings Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Li-Cycle Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.05
Residual Average0.0
Price Variance4.5

Li-Cycle Holdings Corp lagged returns against current returns

Autocorrelation, which is Li-Cycle 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 Li-Cycle Holdings' stock expected returns. We can calculate the autocorrelation of Li-Cycle Holdings returns to help us make a trade decision. For example, suppose you find that Li-Cycle 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   
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       Timeline  

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

Li-Cycle Holdings Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Li-Cycle Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Li-Cycle Holdings Correlation, Li-Cycle Holdings Volatility and Li-Cycle Holdings Alpha and Beta module to complement your research on Li-Cycle Holdings. Note that the Li-Cycle Holdings Corp information on this page should be used as a complementary analysis to other Li-Cycle 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Li-Cycle Stock analysis

When running Li-Cycle Holdings Corp price analysis, check to measure Li-Cycle 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 Li-Cycle Holdings is operating at the current time. Most of Li-Cycle Holdings' value examination focuses on studying past and present price action to predict the probability of Li-Cycle Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Li-Cycle Holdings' price. Additionally, you may evaluate how the addition of Li-Cycle Holdings to your portfolios can decrease your overall portfolio volatility.
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Li-Cycle 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 Li-Cycle Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Li-Cycle 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...