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.
Moving together with Standard Stock
0.88 | MP | MP Materials Corp Earnings Call This Week | PairCorr |
0.72 | NB | NioCorp Developments | PairCorr |
0.7 | VALE | Vale SA ADR Aggressive Push | PairCorr |
0.79 | ELBM | Electra Battery Materials | PairCorr |
0.68 | BHP | BHP Group Limited | PairCorr |
0.71 | CMP | Compass Minerals Int Earnings Call This Week | PairCorr |
0.92 | EMX | EMX Royalty Corp | PairCorr |
0.9 | GSM | Ferroglobe PLC | PairCorr |
0.72 | FURY | Fury Gold Mines | PairCorr |
0.87 | IPX | IperionX Limited American Upward Rally | PairCorr |
0.84 | LAR | Lithium Argentina Symbol Change | PairCorr |
0.68 | LZM | Lifezone Metals | PairCorr |
0.82 | SKE | Skeena Resources | PairCorr |
0.87 | TMC | TMC the metals Buyout Trend | PairCorr |
0.62 | TMQ | Trilogy Metals | PairCorr |
0.63 | WRN | Western Copper Earnings Call This Week | PairCorr |
0.77 | WWR | Westwater Resources | PairCorr |
0.9 | TMCWW | TMC the metals | PairCorr |
0.79 | MTRN | Materion Earnings Call This Week | PairCorr |
0.74 | USARW | USA Rare Earth, Symbol Change | PairCorr |
0.61 | NIOBW | NioCorp Developments | PairCorr |
0.73 | ABAT | American Battery Tec Trending | PairCorr |
0.8 | CRMLW | Critical Metals Corp | PairCorr |
Moving against Standard Stock
0.82 | NVA | Nova Minerals Limited | PairCorr |
0.82 | USGOW | US GoldMining Warrant | PairCorr |
0.49 | NEXA | Nexa Resources SA Earnings Call This Week | PairCorr |
0.38 | NVAWW | Nova Minerals Limited | PairCorr |
0.37 | IONR | ioneer American | PairCorr |
0.74 | USGO | US GoldMining Common | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | 6.62 | 13.95 | |||
PLL | 3.24 | 0.27 | (0.03) | (0.31) | 2.83 | 9.54 | 19.29 | |||
NB | 4.85 | 0.65 | 0.04 | (0.63) | 5.21 | 9.23 | 46.77 | |||
TECK | 1.76 | 0.26 | (0.10) | (0.01) | 2.23 | 3.58 | 17.44 | |||
SGML | 3.96 | (0.13) | 0.00 | (0.66) | 0.00 | 8.66 | 15.38 | |||
MP | 4.75 | 1.82 | 0.37 | (5.67) | 3.10 | 13.42 | 57.28 | |||
VALE | 1.34 | 0.17 | (0.07) | (0.41) | 1.62 | 3.68 | 8.59 | |||
SYAXF | 7.64 | 0.79 | 0.04 | (1.50) | 8.44 | 20.00 | 47.49 | |||
AMLI | 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 | 20.00 | 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 |