I think if you’re going to post things about broader markets or specific baskets of stocks then it’s probably important to understand Beta and how individual stocks can affect or be moved by the aforementioned broader ranges that you’re referring to.
PLS is a large portion of an Australian Lithium ETF (I’m assuming that’s what you’re posting?) if that basket dropped by more than the rate of decline of PLS then what does that mean for your predictions? Alternatively if the basket is moving in line with PLS then how does that Beta reflect movement within the ASX?
PLS chart, page-17348
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 318781 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |