Lifezone Metals Correlations

LZM Stock

3.61 0.01 0.28%

The current 90-days correlation between Lifezone Metals and El Al Israel is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lifezone Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lifezone Metals Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lifezone Metals Correlation With Market

Modest diversification

The correlation between Lifezone Metals Limited and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifezone Metals Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifezone Metals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Lifezone Stock

0.74	ELBM	Electra Battery Materials	Pair Corr
0.81	FMST	Foremost Lithium Resource	Pair Corr
0.78	CMP	Compass Minerals Int	Pair Corr
0.83	GRO	Brazil Potash Corp	Pair Corr
0.8	GTI	Graphjet Technology	Pair Corr
0.91	IPX	IperionX Limited American	Pair Corr
0.71	LAC	Lithium Americas Corp	Pair Corr
0.9	LAR	Lithium Argentina Symbol Change	Pair Corr
0.75	NMG	Nouveau Monde Graphite	Pair Corr
0.73	NVA	Nova Minerals Limited	Pair Corr
0.95	PLL	Piedmont Lithium	Pair Corr
0.86	SLI	Standard Lithium	Pair Corr
0.75	WWR	Westwater Resources	Pair Corr
0.7	GRFX	Graphex Group Limited	Pair Corr
0.75	NVAWW	Nova Minerals Limited	Pair Corr
0.76	LITM	Snow Lake Resources	Pair Corr
0.88	MTRN	Materion	Pair Corr
0.67	USGOW	US GoldMining Warrant	Pair Corr

Moving against Lifezone Stock

0.84	VALE	Vale SA ADR	Pair Corr
0.79	MP	MP Materials Corp	Pair Corr
0.73	TMQ	Trilogy Metals	Pair Corr
0.69	EMX	EMX Royalty Corp	Pair Corr
0.62	VZLA	Vizsla Resources Corp	Pair Corr
0.61	TMC	TMC the metals	Pair Corr
0.6	RIO	Rio Tinto ADR	Pair Corr
0.59	NAK	Northern Dynasty Minerals	Pair Corr
0.33	FURY	Fury Gold Mines	Pair Corr
0.31	NB	NioCorp Developments	Pair Corr
0.86	AU	AngloGold Ashanti plc	Pair Corr
0.79	NIOBW	NioCorp Developments	Pair Corr
0.77	TMCWW	TMC the metals	Pair Corr
0.77	X	United States Steel	Pair Corr
0.6	AG	First Majestic Silver	Pair Corr
0.42	USAS	Americas Silver Corp	Pair Corr
0.31	USARW	USARW Symbol Change	Pair Corr

Related Correlations Analysis

	ELALF	LUV	CHKIF	RFBC	SIGRF	FTLF	UNFI	RYAAY
ELALF		-0.05	-0.3	0.0	0.0	-0.81	-0.18	0.01	ELALF
LUV	-0.05		0.46	0.0	0.0	0.05	-0.32	-0.21	LUV
CHKIF	-0.3	0.46		0.0	0.0	0.08	-0.25	-0.55	CHKIF
RFBC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RFBC
SIGRF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SIGRF
FTLF	-0.81	0.05	0.08	0.0	0.0		0.46	0.1	FTLF
UNFI	-0.18	-0.32	-0.25	0.0	0.0	0.46		0.21	UNFI
RYAAY	0.01	-0.21	-0.55	0.0	0.0	0.1	0.21		RYAAY
	ELALF	LUV	CHKIF	RFBC	SIGRF	FTLF	UNFI	RYAAY

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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

CHKIF	+ 0.46	LUV
UNFI	+ 0.46	FTLF
RYAAY	+ 0.21	UNFI
RYAAY	+ 0.1	FTLF
FTLF	+ 0.08	CHKIF
FTLF	+ 0.05	LUV

High negative correlations

FTLF	- 0.81	ELALF
RYAAY	- 0.55	CHKIF
UNFI	- 0.32	LUV
CHKIF	- 0.3	ELALF
UNFI	- 0.25	CHKIF
RYAAY	- 0.21	LUV

Risk-Adjusted Indicators

There is a big difference between Lifezone Stock performing well and Lifezone 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 Lifezone 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ELALF	1.34	0.51	0.70	7.00	0.00	16.65
LUV	1.76	(0.16)	(0.29)	2.99	(4.23)	17.77
CHKIF	1.32	(0.20)	1.87	2.22	(7.84)	26.89
RFBC	0.00	0.00	0.00	0.00	0.00	0.00
SIGRF	0.00	0.00	0.00	0.00	0.00	0.00
FTLF	2.23	(0.49)	(0.58)	3.13	(6.40)	15.02
UNFI	2.35	0.13	(0.07)	4.81	(5.41)	17.98
RYAAY	1.63	0.04	(0.12)	3.53	(3.54)	12.11

Lifezone Metals Corporate Management

David Petrie	Manager Communications	Profile
Mike Adams	Chief Officer	Profile
Ingo CFA	Chief Officer	Profile
Jeanne Liu	Head Marketing	Profile
Spencer Davis	Group Counsel	Profile
Natasha Liddell	Executive Officer	Profile
Gerick Mouton	Chief Officer	Profile

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