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 0.3 (i.e., Weak 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

Significant diversification

The correlation between Standard Lithium and DJI is 0.09 (i.e., Significant 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.
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

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  0.77ELBM Electra Battery MaterialsPairCorr
  0.68BHP BHP Group LimitedPairCorr
  0.7CMP Compass Minerals Int Earnings Call This WeekPairCorr
  0.92EMX EMX Royalty CorpPairCorr
  0.9GSM Ferroglobe PLCPairCorr
  0.73FURY Fury Gold MinesPairCorr
  0.88IPX IperionX Limited American Upward RallyPairCorr
  0.83LAR Lithium Argentina Symbol ChangePairCorr
  0.69LZM Lifezone MetalsPairCorr
  0.83SKE Skeena ResourcesPairCorr
  0.87TMC TMC the metals Buyout TrendPairCorr
  0.68WRN Western Copper Earnings Call This WeekPairCorr
  0.76WWR Westwater ResourcesPairCorr
  0.9TMCWW TMC the metalsPairCorr
  0.75MTRN Materion Earnings Call This WeekPairCorr
  0.74USARW USA Rare Earth, Symbol ChangePairCorr
  0.75ABAT American Battery Tec TrendingPairCorr
  0.79CRMLW Critical Metals CorpPairCorr

Moving against Standard Stock

  0.81NVA Nova Minerals LimitedPairCorr
  0.51NVAWW Nova Minerals LimitedPairCorr
  0.46IONR ioneer AmericanPairCorr
  0.82USGOW US GoldMining WarrantPairCorr
  0.75USGO US GoldMining CommonPairCorr
  0.53NEXA Nexa Resources SA Earnings Call This WeekPairCorr

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   
AWLIFMP
SGMLPLL
MPNB
SYAXFPLL
PLLLAC
SYAXFLAC
  
High negative correlations   
SGMLTECK
TECKPLL
SYAXFTECK
TECKLAC
MPSGML
AWLIFAMLI

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LAC  2.33  0.22  0.02  0.80  2.96 
 7.25 
 18.01 
PLL  3.72  0.14  0.08  0.33  2.86 
 11.46 
 30.60 
NB  4.96  0.75  0.02 (0.19) 5.75 
 9.23 
 46.77 
TECK  1.86 (0.14)(0.04) 0.11  2.13 
 3.72 
 11.32 
SGML  4.03 (0.09)(0.02) 0.15  4.03 
 8.88 
 18.54 
MP  4.82  1.91  0.37 (2.69) 3.13 
 13.63 
 57.28 
VALE  1.41 (0.03)(0.03) 0.20  1.66 
 3.68 
 8.59 
SYAXF  8.12  1.21  0.08 (1.45) 8.42 
 22.00 
 50.85 
AMLI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AWLIF  7.54  1.74  0.14 (5.47) 6.48 
 20.00 
 56.67 

Standard Lithium Corporate Management

Salah GamoudiChief OfficerProfile
CPA CMACorporate SecretaryProfile
Robert MintakCEO DirectorProfile
Michael BarmanChief OfficerProfile