Aggregated price index
Aggregated price index with volume information
Summary:
- Lithium stocks up 0.3% on average while median return up 0.4% in a day
- Lithium stocks up 2.8% on average while median return up 4.6% in a week
- Lithium stocks down 0.1% on average while median return down 1.8% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are $FMC 7.9%, $LODE 3.4%, $SQM 2.3%
- 1M losers are : Losers for past month are $ALB -2.6%, $PLL -2.9%, $LTHM -3.7%, $SLI -22.2%
- 1W winners are : Winners for past week are $SQM 13.2%, $LAC 9.4%, $LODE 7.7%, $FMC 5.4%
- 1W losers are : Losers for past week are $ALB -1.0%, $SLI -17.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.9%, for the past 3 months is 35.6%
In the past month for a 5 days rolling window, the highest corrrelation is 74.9%, the lowest correlation is 25.8%, the latest correlation is 64.9%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 83.2% between ALB and LTHM
The lowest correlation is -17.9% between LODE and PLL
Stock news
Lithium Americas (NYSE: LAC) shares rocketed 132% in 2021, according to data provided by S&P Global Market Intelligence. In fact, Lithium Americas would've ended 2021 with even bigger gains had its shares not shed nearly 26% in December. Lithium Americas got a boost right as 2021 kicked off when its Thacker Pass project in Nevada, which had been stuck in a rut for years, received a federal permit.
A look at the shareholders of Piedmont Lithium Inc. ( ASX:PLL ) can tell us which group is most powerful. Institutions...
NEW YORK, January 12, 2022--Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced results of an Economic Impact Study (EIS) for its proposed Carolina Lithium Project in Gaston County, North Carolina. The report was developed by John E. Connaughton, Ph.D., Professor of Financial Economics at the University of North Carolina-Charlotte. The full rep
Although the specialty chemical industry is grappling with higher costs related to supply-chain and logistics disruptions, higher demand across key markets augurs well for the industry in 2022. ASIX, HWKN, ICL and LTHM are worth betting on.
If you're looking for some worthwhile growth stocks to buy and hold through the storm, you've come to the right place. Lithium Americas (NYSE: LAC), ChargePoint Holdings (NYSE: CHPT), and Cognex Corporation (NASDAQ: CGNX) are three growth stocks that could be good buys in January. Scott Levine (Lithium Americas): If you're like most growth investors, you've undoubtedly come across plenty of ink spilled about electric vehicles since the market is expected to grow considerably over the next deca...
BELMONT, N.C., January 11, 2022--Piedmont Lithium Inc. ("Piedmont Lithium" or the "Company") (NASDAQ: PLL) (ASX: PLL) today announced that after convening the Company’s 2022 Annual Meeting of Stockholders (the "Annual Meeting") virtually on Tuesday, January 11, 2022, at 11 a.m. Eastern Time, the Company adjourned the Annual Meeting until Thursday, February 3, 2022 at 2 p.m. Eastern Time. Due to the COVID-19 pandemic and to mitigate the risks to the health and safety of our community, stockholder
This morning, not one, but two separate Wall Street analysts decided that Lithium Americas stock is a buy. In the first big upgrade of the day, German banker Deutsche Bank announced it is raising its rating on Lithium Americas to a buy with a $34 price target. As the analyst explains in a note covered by StreetInsider.com, "lithium market fundamentals [are] tightening, with Lithium producers well positioned to benefit from a favorable pricing environment."