MARKET COMPOSITE
Lithium Stocks20-00-2024 21:00:00 PM
Price
$35.72
-4.00%
The list of companies include ALB-Albemarle Corp., FMC-FMC Corp., LTHM-Livent Corp, LAC-Lithium Americas Corp, LODE-Comstock Mining Inc, SLI-Standard Lithium Ltd
* Latest intraday update before market close @ 20:45:42 PM 02/20/2024
Summary
:
Average return is down -4.3%
Median return is down -4.0%
0 out of 6 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
LAC -6.6%ALB -6.2%SLI -4.7%PLL -3.2%FMC -3.0%

Aggregated price index with volume information

Summary:

  • Lithium stocks down 4.0% on average while median return down 3.2% in a day
  • Lithium stocks down 6.5% on average while median return down 5.0% in a week
  • Lithium stocks down 9.2% on average while median return down 6.9% 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.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
SQM-2.2%
1.6%
-11.4%
2.35.215.7251%6.1B35%43/\213-0.2%
FMC-2.6%
-4.9%
-8.4%
12.941.814.803.15-11%6.4B1%91%38/-/-\At resistance213-0.3%
SLI-3.1%
-18.5%
2.5%
212.5M36-\132-0.4%
PLL-3.2%
-7.2%
-22.0%
11.81268.7M7%21%36\/-210-0.3%
ALB-6.3%
-4.4%
-0.3%
8.591.643.955.89-6%13.5B2%81%45/-\213-0.3%
LAC-6.5%
-5.1%
-5.3%
2.88696.5M22%41/-213-0.4%
* 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.
Detail Performance Summary
  • 1M winners are : Winners for past month are $SLI 2.5%
  • 1M losers are : Losers for past month are $FMC -8.4%, $SQM -11.4%, $PLL -22.0%
  • 1W winners are : Winners for past week are $SQM 1.6%
  • 1W losers are : Losers for past week are $LAC -5.1%, $PLL -7.2%, $SLI -18.5%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 26.3%, for the past 3 months is 40.8%

In the past month for a 5 days rolling window, the highest corrrelation is 76.4%, the lowest correlation is -11.9%, the latest correlation is 62.9%

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 79.9% between ALB and LAC

The lowest correlation is -21.2% between LTHM and SLI

Stock news

    Lithium prices (LTH=F) continue their descent from 2023 highs. Mining operators believe the mineral is due for a rebound tied to commodity demands. Yahoo Finance Senior Reporter Ines Ferré highlights forecasts from lithium players, citing the compound's intricate relationship with EV manufacturing projects. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

    BELMONT, N.C., February 15, 2024--Piedmont Lithium ("Piedmont" or the "Company") (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that it will release its fourth-quarter and full-year 2023 earnings following the Nasdaq close on Thursday, February 22, 2024.

    Piedmont Lithium (PLL) recently completed a 27% workforce reduction in a bid to cut costs. The company has been hit by the sharp decline in lithium prices. Lithium is used in batteries for things like electric vehicles and smartphones. Piedmont Lithium CEO Keith Phillips is bullish however, telling Yahoo Finance Live that when it comes to mining "low prices are the cure for low prices." Philips explains that with production slowing down due to the lower price, there's going to be "another supply...

    When an asset class or sector is in a long-term bull market, it does not imply that stocks move vertically higher. The implication is that stocks remain in an uptrend for 5 or 10 years. Within that uptrend, there can be periods of intermediate correction where stocks can decline by 30% to 50%. In my view, the electric vehicle (EV) sector is in a long-term bull market. However, the sector faces macroeconomic, inflationary and supply chain headwinds. That has translated into a correction for some

    EV stocks could offer significant gains amid a bull market, outperforming other tech stocks with stretched valuations. This sector’s consistent and robust growth potential makes it resilient to different market conditions and cycles. So, many investors have been loyal to this space over the past decade. Yet, the EV sector is moving beyond Tesla (NASDAQ:TSLA) as a one-horse race. A myriad of competitors stand ready to take market share and witness outsized growth. Plenty of promise in this sector

    The heavy selling pressure might have exhausted for Lithium Americas Corp. (LAC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

    Inside your cellphone, your car, even your leaf blower -- there's a collection of small, precious minerals making each thing work.

    The heavy selling pressure might have exhausted for Lithium Americas Corp. (LAC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

    Arkansas Governor Sarah Huckabee Sanders, Secretary of Commerce Hugh McDonald, and U.S. Senator John Boozman to Deliver Keynotes at Sold-Out SummitLITTLE ROCK, Ark., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce its presenting sponsorship of the Arkansas Lithium Innovation Summit, together with ExxonMobil, Albemarle, and TETRA Tec

    Piedmont Lithium Inc. (PLL) closed the most recent trading day at $14.64, moving +1.04% from the previous trading session.