Lithium Energi Correlations

LXENF Stock

USD 0.0006 0.0001 20.00%

The current 90-days correlation between Lithium Energi Explo and Voyager Acquisition Corp is 0.09 (i.e., Significant diversification). The correlation of Lithium Energi 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.

Lithium Energi Correlation With Market

Significant diversification

The correlation between Lithium Energi Exploration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithium Energi Exploration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lithium Energi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium Energi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lithium Energi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lithium Energi Exploration to buy it.

Moving against Lithium Pink Sheet

0.48	BK	Bank of New York	Pair Corr
0.46	AAUKF	Anglo American plc	Pair Corr
0.45	BHP	BHP Group Limited	Pair Corr
0.43	GS	Goldman Sachs Group	Pair Corr
0.41	RTNTF	Rio Tinto Group	Pair Corr
0.39	RIO	Rio Tinto ADR	Pair Corr
0.37	GLNCY	Glencore PLC ADR	Pair Corr
0.36	GLCNF	Glencore PLC	Pair Corr
0.36	PATH	Uipath Inc Potential Growth	Pair Corr
0.34	RTPPF	Rio Tinto Group	Pair Corr
0.33	ILLR	Triller Group	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.55	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.51	AXP	American Express	Pair Corr
0.5	JPM	JPMorgan Chase	Pair Corr
0.43	UEC	Uranium Energy Corp	Pair Corr
0.43	JNJ	Johnson Johnson	Pair Corr
0.43	INTC	Intel	Pair Corr
0.38	CAT	Caterpillar	Pair Corr
0.38	HPQ	HP Inc	Pair Corr
0.35	PLG	Platinum Group Metals	Pair Corr
0.35	AA	Alcoa Corp Buyout Trend	Pair Corr

Related Correlations Analysis

	VACH	HYAC	GRAF	LPAA	GPAT	PCAP	BLUW	ALF	TVA	MLAC
VACH		0.73	0.82	0.87	0.82	0.57	0.78	0.82	0.76	0.73	VACH
HYAC	0.73		0.63	0.78	0.6	0.37	0.52	0.6	0.73	0.58	HYAC
GRAF	0.82	0.63		0.85	0.76	0.45	0.69	0.87	0.72	0.69	GRAF
LPAA	0.87	0.78	0.85		0.81	0.54	0.7	0.81	0.82	0.81	LPAA
GPAT	0.82	0.6	0.76	0.81		0.66	0.78	0.82	0.82	0.8	GPAT
PCAP	0.57	0.37	0.45	0.54	0.66		0.66	0.54	0.72	0.78	PCAP
BLUW	0.78	0.52	0.69	0.7	0.78	0.66		0.79	0.7	0.71	BLUW
ALF	0.82	0.6	0.87	0.81	0.82	0.54	0.79		0.75	0.73	ALF
TVA	0.76	0.73	0.72	0.82	0.82	0.72	0.7	0.75		0.89	TVA
MLAC	0.73	0.58	0.69	0.81	0.8	0.78	0.71	0.73	0.89		MLAC
	VACH	HYAC	GRAF	LPAA	GPAT	PCAP	BLUW	ALF	TVA	MLAC

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Lithium Pink Sheet performing well and Lithium Energi 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 Lithium Energi'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
VACH	0.12	0.01	(0.41)	(0.52)	0.11	(0.17)	0.38	(0.29)	1.14
HYAC	0.15	0.00	(0.27)	0.10	0.17	(0.28)	0.35	(0.44)	2.31
GRAF	0.22	0.02	(0.15)	(0.35)	0.39	(0.35)	0.38	(0.38)	3.09
LPAA	0.10	0.01	(0.62)	(0.17)	0.00	(0.18)	0.29	(0.19)	0.57
GPAT	0.12	0.01	(0.44)	(0.16)	0.05	(0.20)	0.28	(0.28)	1.03
PCAP	0.30	(0.01)	0.00	0.42	0.00	0.00	0.69	(0.67)	3.00
BLUW	0.13	0.00	(0.53)	0.02	0.11	(0.20)	0.30	(0.30)	1.10
ALF	0.11	0.01	(0.41)	1.83	0.05	(0.24)	0.38	(0.28)	1.05
TVA	0.60	0.11	0.02	0.53	0.48	(0.97)	1.53	(1.66)	8.18
MLAC	0.16	0.01	(0.33)	0.79	0.14	(0.33)	0.38	(0.48)	2.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lithium Energi without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Commodity Channel Now

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC