Standard Lithium Correlations

SLI Stock

USD 2.67 0.05 1.84%

The current 90-days correlation between Standard Lithium and Lithium Americas Corp is 0.23 (i.e., Modest diversification). The correlation of Standard 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.

Standard Lithium Correlation With Market

Good diversification

The correlation between Standard Lithium and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Lithium and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Standard Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Standard Stock please use our How to Invest in Standard Lithium guide.

Moving together with Standard Stock

0.88	MP	MP Materials Corp Earnings Call This Week	Pair Corr
0.72	NB	NioCorp Developments	Pair Corr
0.7	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.79	ELBM	Electra Battery Materials	Pair Corr
0.68	BHP	BHP Group Limited	Pair Corr
0.71	CMP	Compass Minerals Int Earnings Call This Week	Pair Corr
0.92	EMX	EMX Royalty Corp	Pair Corr
0.9	GSM	Ferroglobe PLC	Pair Corr
0.72	FURY	Fury Gold Mines	Pair Corr
0.87	IPX	IperionX Limited American Upward Rally	Pair Corr
0.84	LAR	Lithium Argentina Symbol Change	Pair Corr
0.68	LZM	Lifezone Metals	Pair Corr
0.82	SKE	Skeena Resources	Pair Corr
0.87	TMC	TMC the metals Buyout Trend	Pair Corr
0.62	TMQ	Trilogy Metals	Pair Corr
0.63	WRN	Western Copper Earnings Call This Week	Pair Corr
0.77	WWR	Westwater Resources	Pair Corr
0.9	TMCWW	TMC the metals	Pair Corr
0.79	MTRN	Materion Earnings Call This Week	Pair Corr
0.74	USARW	USA Rare Earth, Symbol Change	Pair Corr
0.61	NIOBW	NioCorp Developments	Pair Corr
0.73	ABAT	American Battery Tec Trending	Pair Corr
0.8	CRMLW	Critical Metals Corp	Pair Corr

Moving against Standard Stock

0.82	NVA	Nova Minerals Limited	Pair Corr
0.82	USGOW	US GoldMining Warrant	Pair Corr
0.49	NEXA	Nexa Resources SA Earnings Call This Week	Pair Corr
0.38	NVAWW	Nova Minerals Limited	Pair Corr
0.37	IONR	ioneer American	Pair Corr
0.74	USGO	US GoldMining Common	Pair Corr

Related Correlations Analysis

	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF
LAC		0.85	0.32	-0.38	0.74	0.44	0.42	0.76	0.0	0.57	LAC
PLL	0.85		0.43	-0.44	0.8	0.52	0.46	0.8	0.0	0.74	PLL
NB	0.32	0.43		0.08	0.07	0.83	0.33	0.34	0.0	0.62	NB
TECK	-0.38	-0.44	0.08		-0.68	0.23	0.33	-0.4	0.0	-0.07	TECK
SGML	0.74	0.8	0.07	-0.68		0.05	0.15	0.66	0.0	0.34	SGML
MP	0.44	0.52	0.83	0.23	0.05		0.52	0.49	0.0	0.77	MP
VALE	0.42	0.46	0.33	0.33	0.15	0.52		0.27	0.0	0.59	VALE
SYAXF	0.76	0.8	0.34	-0.4	0.66	0.49	0.27		0.0	0.69	SYAXF
AMLI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AMLI
AWLIF	0.57	0.74	0.62	-0.07	0.34	0.77	0.59	0.69	0.0		AWLIF
	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF

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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

PLL	+ 0.85	LAC
MP	+ 0.83	NB
SGML	+ 0.8	PLL
SYAXF	+ 0.8	PLL
AWLIF	+ 0.77	MP
SYAXF	+ 0.76	LAC

High negative correlations

SGML	- 0.68	TECK
TECK	- 0.44	PLL
SYAXF	- 0.4	TECK
TECK	- 0.38	LAC
AWLIF	- 0.07	TECK
AWLIF	- 0.0	AMLI

Risk-Adjusted Indicators

There is a big difference between Standard Stock performing well and Standard 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 Standard 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
LAC	2.25	0.46	0.00	(0.27)	2.96	(2.51)	6.62	(4.53)	13.95
PLL	3.24	0.27	(0.03)	(0.31)	2.83	(4.54)	9.54	(4.96)	19.29
NB	4.85	0.65	0.04	(0.63)	5.21	(5.85)	9.23	(7.41)	46.77
TECK	1.76	0.26	(0.10)	(0.01)	2.23	(2.04)	3.58	(2.88)	17.44
SGML	3.96	(0.13)	0.00	(0.66)	0.00	0.00	8.66	(6.39)	15.38
MP	4.75	1.82	0.37	(5.67)	3.10	(5.96)	13.42	(5.92)	57.28
VALE	1.34	0.17	(0.07)	(0.41)	1.62	(1.51)	3.68	(2.74)	8.59
SYAXF	7.64	0.79	0.04	(1.50)	8.44	(10.40)	20.00	(17.27)	47.49
AMLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWLIF	7.43	1.90	0.13	(1.35)	6.51	(12.95)	20.00	(14.29)	56.67

Standard Lithium Corporate Management

Salah Gamoudi	Chief Officer	Profile
CPA CMA	Corporate Secretary	Profile
Robert Mintak	CEO Director	Profile
Michael Barman	Chief Officer	Profile

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