Aggregated price index with volume information
- Lithium stocks up 0.8% on average while median return up 1.1% in a day
- Lithium stocks up 0.5% on average while median return up 1.1% in a week
- Lithium stocks down 13.3% on average while median return down 14.4% 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.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $SLI -16.0%, $LTHM -16.1%, $FMC -24.2%
- 1W winners are : Winners for past week are $SQM 5.1%, $LTHM 4.0%, $PLL 1.9%
- 1W losers are : Losers for past week are $FMC -2.1%, $SLI -2.1%, $LAC -4.7%
Index correlation analysis
Correlation for the past month is 53.2%, for the past 3 months is 41.3%
In the past month for a 5 days rolling window, the highest corrrelation is 77.6%, the lowest correlation is 22.2%, the latest correlation is 70.8%
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 82.3% between LAC and PLL
The lowest correlation is 6.9% between FMC and LTHM
Lithium Americas is in talks with the U.S. Department of Energy (DOE) to secure more than $1 billion loan for the Canadian miner's Nevada project, according to a source familiar with the matter. Lithium Americas and the DOE did not immediately respond to Reuters' requests for comment. The mine has the potential to be North America's largest source of lithium for electric vehicle batteries and would bolster U.S. President Joe Biden's efforts to reduce dependence on Chinese supplies for the meta...
The U.S. Department of Energy (DOE) is in talks with Lithium Americas to lend $1 billion for the Canadian miner's Nevada project, Bloomberg News reported on Friday, citing a person familiar with the matter. The Biden administration is negotiating terms of an agreement that would fund more than half of the cost of the Thacker Pass project, the report said. Lithium Americas and the DOE did not immediately respond to Reuters' requests for comment.
Delving into the intrinsic value of Livent Corp (LTHM) to determine if the stock is significantly undervalued
VANCOUVER, British Columbia, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that the separation of the Company into Lithium Americas (Argentina) Corp. (“Lithium Argentina”) and a new Lithium Americas Corp. (“Lithium Americas (NewCo)”) pursuant to a statutory plan of arrangement (the “Separation”) is expected to be completed on Tuesday, October 3, 2023 (the “Effective Date”). Under the terms of the Sepa
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