Aggregated price index with volume information
Summary:
- Lithium stocks down 5.8% on average while median return down 1.4% in a day
- Lithium stocks down 14.0% on average while median return down 10.2% in a week
- Lithium stocks down 7.3% on average while median return down 6.0% 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 $PLL 5.2%
- 1M losers are : Losers for past month are $ALB -7.3%, $FMC -7.7%, $LAC -16.2%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $SQM -10.5%, $ALB -14.2%, $LAC -36.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 18.0%, for the past 3 months is 22.4%
In the past month for a 5 days rolling window, the highest corrrelation is 49.0%, the lowest correlation is -3.9%, the latest correlation is 17.5%
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 83.9% between ALB and SQM
The lowest correlation is -49.0% between FMC and LTHM
The nature of investing is that you win some, and you lose some. And unfortunately for FMC Corporation ( NYSE:FMC...
(Bloomberg) -- Lithium Americas Corp.’s stock plunged the most on record after agreeing to sell 55 million shares at a deep discount.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsShares of the lithium explorer fell as much as 27% to $4.82 as of 9:31 a.m. in New Y
Lithium Americas said early on Thursday that it would raise $275 million to accelerate construction and development of the Thacker Pass lithium project in Nevada. The company will sell 55 million shares for $5 per share, Lithium Americas said, a month after the U.S. unveiled plans to lend it $2.26 billion to build the project. The company aims to extract lithium at Thacker Pass from a large clay deposit, something that has never been done before at commercial scale.
(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the pricing of its previously announced underwritten public offering (the “Offering”) of 55,000,000 of its common shares (the “Common Shares”) at a price to the public of $5.00 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of $275,000,000. The Offering is bei
Lithium Americas said on Wednesday it would sell 55 million of its common stock in a bid to raise more cash, a month after the U.S. unveiled plans to lend it $2.26 billion to build Nevada's Thacker Pass lithium project. The company aims to extract lithium at Thacker Pass from a large clay deposit, something that has never been done before at commercial scale. The loan, announced last month, is a key part of the Biden administration's effort to reduce dependence on lithium supplies from China.
(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced that it intends to offer and sell, subject to market conditions, 55,000,000 of its common shares (the “Common Shares”) in an underwritten public offering (the “Offering”). All of the Common Shares to be sold in the Offering will be offered by Lithium Americas. The Offering is subject to market
Piedmont Lithium (PLL) gets North Carolina mining permit approval for its Carolina Lithium project.
North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a large lithi...
(Reuters) -North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a ...
North Carolina regulators have approved a state mining permit for Tesla supplier Piedmont Lithium to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. The approval from the North Carolina Department of Environmental Quality, which was announced by the company on Monday and is conditional on the posting of a $1 million reclamation bond, removes one major hurdle to Piedmont's plans to tap a large lithi...