Critical Metals Correlations

CRML Stock

10.02 1.57 13.55%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Critical Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Critical Metals Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Critical Metals Correlation With Market

Significant diversification

The correlation between Critical Metals Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Critical Metals Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Critical Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Critical Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Critical Stock

0.75	HTM	High Tech Metals	Pair Corr
0.79	GGD	GoGold Resources	Pair Corr
0.74	BRC	Blackrock Silver Corp	Pair Corr
0.73	PGE	Stillwater Critical	Pair Corr
0.65	OCG	Outcrop Gold Corp	Pair Corr
0.81	BHP	BHP Group Limited	Pair Corr
0.82	HBM	Hudbay Minerals	Pair Corr
0.74	TI	Titan Mining Corp	Pair Corr
0.68	SUH	Southern Hemisphere	Pair Corr
0.74	CONE	Canada One Mining	Pair Corr
0.76	EDR	Endeavour Silver Corp	Pair Corr
0.77	MQM	Metalquest Mining	Pair Corr
0.73	MUX	McEwen Mining	Pair Corr
0.73	USA	Americas Silver Corp Split	Pair Corr
0.91	MTC	Metalstech	Pair Corr
0.62	SKP	Strikepoint Gold	Pair Corr
0.8	FAR	Foraco International	Pair Corr
0.74	NIM	Nicola Mining	Pair Corr
0.73	ZEO	Zeotech	Pair Corr
0.72	GMX	Globex Mining Enterprises	Pair Corr
0.71	WM	Wallbridge Mining	Pair Corr
0.72	MDI	Major Drilling Group	Pair Corr
0.74	NICU	Magna Mining	Pair Corr
0.74	TUF	Honey Badger Silver	Pair Corr

Moving against Critical Stock

0.65	ESK	Eskay Mining Corp	Pair Corr
0.62	GEO	Geodrill Limited	Pair Corr
0.51	VTT	Vendetta Mining Corp	Pair Corr
0.39	RVT	Richmond Vanadium	Pair Corr
0.73	PKX	POSCO Holdings	Pair Corr
0.67	ADVWW	Advantage Solutions	Pair Corr
0.67	SWZNF	Schweizerische Nationalbank	Pair Corr
0.5	PCTTW	PureCycle Technologies	Pair Corr
0.43	GOEVW	Canoo Holdings	Pair Corr

Related Correlations Analysis

	MSHHF	AQNB	UUGWF	IBXS	DGMA	CHKP	NRUC	LTM
MSHHF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MSHHF
AQNB	0.0		0.23	0.0	0.0	-0.15	0.05	0.14	AQNB
UUGWF	0.0	0.23		0.0	0.0	0.4	0.24	-0.7	UUGWF
IBXS	0.0	0.0	0.0		1.0	0.0	0.0	0.0	IBXS
DGMA	0.0	0.0	0.0	1.0		0.0	0.0	0.0	DGMA
CHKP	0.0	-0.15	0.4	0.0	0.0		-0.48	-0.54	CHKP
NRUC	0.0	0.05	0.24	0.0	0.0	-0.48		-0.13	NRUC
LTM	0.0	0.14	-0.7	0.0	0.0	-0.54	-0.13		LTM
	MSHHF	AQNB	UUGWF	IBXS	DGMA	CHKP	NRUC	LTM

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DGMA	+ 1.0	IBXS
CHKP	+ 0.4	UUGWF
NRUC	+ 0.24	UUGWF
UUGWF	+ 0.23	AQNB
LTM	+ 0.14	AQNB
NRUC	+ 0.05	AQNB

High negative correlations

LTM	- 0.7	UUGWF
LTM	- 0.54	CHKP
NRUC	- 0.48	CHKP
CHKP	- 0.15	AQNB
LTM	- 0.13	NRUC
LTM	- 0.0	DGMA

Risk-Adjusted Indicators

There is a big difference between Critical Stock performing well and Critical Metals Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Critical Metals' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSHHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQNB	0.34	(0.01)	(0.08)	0.01	0.59	(0.37)	0.68	(0.98)	3.17
UUGWF	0.05	(0.01)	0.00	0.28	0.00	0.00	0.00	0.00	1.72
IBXS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DGMA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHKP	1.24	(0.19)	0.00	(0.16)	0.00	0.00	2.23	(2.00)	17.82
NRUC	0.37	(0.01)	(0.10)	(0.28)	0.54	(0.35)	0.75	(0.82)	2.57
LTM	1.47	(0.03)	(0.01)	0.03	2.00	(1.43)	3.35	(3.12)	10.46

Critical Metals Corporate Management

John Thomas	General Counsel	Profile
Steven Parkes	Chief Officer	Profile
ACIS AGIA	Chief Officer	Profile
Sergey Savchenko	Chief Officer	Profile

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