Foremost Lithium Correlations

FMSTW Stock

0.42 0.01 3.32%

The current 90-days correlation between Foremost Lithium Resource and Aviat Networks is -0.07 (i.e., Good diversification). The correlation of Foremost Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Foremost Lithium Correlation With Market

Good diversification

The correlation between Foremost Lithium Resource and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foremost Lithium Resource and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foremost Lithium Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Foremost Stock

0.78	VZLA	Vizsla Resources Corp	Pair Corr
0.79	FMST	Foremost Lithium Resource	Pair Corr
0.67	WRN	Western Copper	Pair Corr

Moving against Foremost Stock

0.55	PLL	Piedmont Lithium	Pair Corr
0.53	LGO	Largo Resources	Pair Corr
0.47	RIO	Rio Tinto ADR Earnings Call This Week	Pair Corr
0.43	GRO	Brazil Potash Corp	Pair Corr
0.41	GTI	Graphjet Technology	Pair Corr
0.37	LAC	Lithium Americas Corp	Pair Corr
0.36	TMQ	Trilogy Metals	Pair Corr
0.72	SGML	Sigma Lithium Resources	Pair Corr
0.62	NEXA	Nexa Resources SA Earnings Call This Week	Pair Corr
0.5	LITM	Snow Lake Resources Upward Rally	Pair Corr
0.45	IONR	ioneer American	Pair Corr

Related Correlations Analysis

	AVNW	SLRC	AEG	CLILF	SLF	ELTK	VPG	VRTS
AVNW		0.55	0.92	0.54	0.83	0.79	0.87	0.88	AVNW
SLRC	0.55		0.54	0.41	0.52	0.52	0.41	0.52	SLRC
AEG	0.92	0.54		0.39	0.87	0.76	0.9	0.83	AEG
CLILF	0.54	0.41	0.39		0.13	0.27	0.37	0.66	CLILF
SLF	0.83	0.52	0.87	0.13		0.77	0.79	0.57	SLF
ELTK	0.79	0.52	0.76	0.27	0.77		0.72	0.7	ELTK
VPG	0.87	0.41	0.9	0.37	0.79	0.72		0.83	VPG
VRTS	0.88	0.52	0.83	0.66	0.57	0.7	0.83		VRTS
	AVNW	SLRC	AEG	CLILF	SLF	ELTK	VPG	VRTS

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Risk-Adjusted Indicators

There is a big difference between Foremost Stock performing well and Foremost Lithium 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 Foremost Lithium's 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
AVNW	1.59	0.42	0.21	0.81	1.36	(1.93)	4.35	(2.85)	8.86
SLRC	0.71	0.06	(0.05)	0.31	0.75	(0.78)	1.61	(1.42)	4.66
AEG	1.00	0.17	0.11	0.39	0.88	(1.14)	2.11	(2.05)	5.61
CLILF	0.67	0.19	0.00	0.61	0.00	0.00	0.00	0.00	10.53
SLF	0.70	0.10	(0.03)	0.67	0.97	(0.78)	1.16	(1.23)	7.69
ELTK	1.89	0.33	0.08	1.81	1.97	(2.31)	4.34	(2.93)	13.11
VPG	2.68	0.16	0.13	0.24	2.53	(3.03)	6.31	(4.53)	24.61
VRTS	1.44	0.34	0.26	0.43	1.06	(1.65)	4.04	(2.24)	8.25

Foremost Lithium Corporate Management

Kelly Pladson	Corporate Secretary	Profile
BA BBA	Chief Officer	Profile
Shayla Forster	Corporate Secretary	Profile
Christina Barnard	Chief Officer	Profile

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