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Investors in Allkem (ASX:AKE) have seen stellar returns of 104% over the past three years

The last three months have been tough on Allkem Limited (ASX:AKE) shareholders, who have seen the share price decline a rather worrying 39%. But that doesn’t change the fact that the returns over the last three years have been very strong. Indeed, the share price is up a very strong 104% in that time. After a run like that some may not be surprised to see prices moderate. Only time will tell if there is still too much optimism currently reflected in the share price.

With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

View our latest analysis for Allkem

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it’s a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare…

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