Li-Cycle Stock Performance

LICY
 Stock
  

USD 5.68  0.11  1.90%   

The company owns a Beta (Systematic Risk) of 1.1051, 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. Li-Cycle Holdings returns are very sensitive to returns on the market. As the market goes up or down, Li-Cycle Holdings is expected to follow. 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 -0.19%. 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.
  
Li-Cycle Performance
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Over the last 90 days Li-Cycle Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors. ...more

Li-Cycle Price Channel

Quick Ratio10.44
Fifty Two Week Low5.87
Target High Price18.00
Fifty Two Week High14.28
Target Low Price8.00

Li-Cycle Holdings Relative Risk vs. Return Landscape

If you would invest  689.00  in Li-Cycle Holdings Corp on June 28, 2022 and sell it today you would lose (110.00)  from holding Li-Cycle Holdings Corp or give up 15.97% of portfolio value over 90 days. Li-Cycle Holdings Corp is currently does not generate positive expected returns and assumes 4.1422% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of stocks are less volatile than Li-Cycle, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Li-Cycle Holdings is expected to under-perform the market. In addition to that, the company is 3.77 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of volatility.

Li-Cycle Holdings Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Li-Cycle Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Li-Cycle Holdings Corp, and traders can use it to determine the average amount a Li-Cycle Holdings' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0462

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Estimated Market Risk
 4.14
  actual daily
 
 35 %
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3535
Expected Return
 -0.19
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Based on monthly moving average Li-Cycle Holdings is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Li-Cycle Holdings by adding it to a well-diversified portfolio.

About Li-Cycle Holdings Performance

To evaluate Li-Cycle Holdings Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Li-Cycle Holdings generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Li-Cycle Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Li-Cycle Holdings Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Li-Cycle's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. Li-Cycle Holdings operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 155 people.

Things to note about Li-Cycle Holdings Corp

Checking the ongoing alerts about Li-Cycle Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Li-Cycle Holdings Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Li-Cycle Holdings Alerts

Equity Alerts and Improvement Suggestions

Li-Cycle Holdings generated a negative expected return over the last 90 days
Li-Cycle Holdings has high historical volatility and very poor performance
The company reported the previous year's revenue of 18.59 M. Net Loss for the year was (203.97 M) with profit before overhead, payroll, taxes, and interest of 4.27 M.
Li-Cycle Holdings Corp currently holds about 509.32 M in cash with (53.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.92.
Roughly 22.0% of the company outstanding shares are owned by corporate insiders
Latest headline from simplywall.st: Analysts Just Slashed Their Li-Cycle Holdings Corp. EPS Numbers - Simply Wall St
Additionally, see Correlation Analysis. 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 CEO Directory module to screen CEOs from public companies around the world.

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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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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.