Standard Lithium Correlations

SLI Stock

USD 1.88 0.05 2.59%

The current 90-days correlation between Standard Lithium and Lithium Americas Corp is 0.47 (i.e., Very 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

Weak diversification

The correlation between Standard Lithium and DJI is 0.32 (i.e., Weak 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

0.82	VZLA	Vizsla Resources Corp	Pair Corr
0.9	CMP	Compass Minerals Int	Pair Corr
0.84	EMX	EMX Royalty Corp	Pair Corr
0.72	GSM	Ferroglobe PLC	Pair Corr
0.67	FURY	Fury Gold Mines	Pair Corr
0.92	IPX	IperionX Limited American	Pair Corr
0.62	NAK	Northern Dynasty Minerals	Pair Corr
0.61	NVA	Nova Minerals Limited	Pair Corr
0.85	SKE	Skeena Resources	Pair Corr
0.9	TMC	TMC the metals Downward Rally	Pair Corr
0.68	WRN	Western Copper	Pair Corr
0.74	NVAWW	Nova Minerals Limited	Pair Corr
0.89	TMCWW	TMC the metals	Pair Corr
0.66	USARW	USA Rare Earth, Symbol Change	Pair Corr
0.62	TECK	Teck Resources	Pair Corr

Moving against Standard Stock

0.59	LGO	Largo Resources	Pair Corr
0.85	NEXA	Nexa Resources SA	Pair Corr
0.71	LITM	Snow Lake Resources	Pair Corr
0.68	IONR	ioneer American	Pair Corr
0.41	TMQ	Trilogy Metals	Pair Corr
0.75	SGML	Sigma Lithium Resources	Pair Corr
0.56	USGOW	US GoldMining Warrant	Pair Corr
0.32	CC	Chemours	Pair Corr

Related Correlations Analysis

	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AWLIF	ALLIF
LAC		0.69	-0.09	0.2	0.32	-0.36	0.46	0.53	0.11	0.15	LAC
PLL	0.69		0.17	-0.05	0.39	-0.28	0.27	0.69	0.18	0.41	PLL
NB	-0.09	0.17		0.13	-0.47	0.4	-0.19	0.05	-0.2	0.21	NB
TECK	0.2	-0.05	0.13		-0.1	0.38	0.62	-0.06	-0.11	-0.14	TECK
SGML	0.32	0.39	-0.47	-0.1		-0.22	0.41	0.48	0.28	0.19	SGML
MP	-0.36	-0.28	0.4	0.38	-0.22		-0.11	-0.15	-0.22	-0.03	MP
VALE	0.46	0.27	-0.19	0.62	0.41	-0.11		0.17	0.12	0.04	VALE
SYAXF	0.53	0.69	0.05	-0.06	0.48	-0.15	0.17		0.21	0.22	SYAXF
AWLIF	0.11	0.18	-0.2	-0.11	0.28	-0.22	0.12	0.21		0.08	AWLIF
ALLIF	0.15	0.41	0.21	-0.14	0.19	-0.03	0.04	0.22	0.08		ALLIF
	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AWLIF	ALLIF

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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	+ 0.69	LAC
SYAXF	+ 0.69	PLL
VALE	+ 0.62	TECK
SYAXF	+ 0.53	LAC
SYAXF	+ 0.48	SGML
VALE	+ 0.46	LAC

High negative correlations

SGML	- 0.47	NB
MP	- 0.36	LAC
MP	- 0.28	PLL
AWLIF	- 0.22	MP
MP	- 0.22	SGML
AWLIF	- 0.2	NB

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	2.49	(0.08)	0.00	(0.03)	0.00	0.00	6.54	(5.92)	27.00
PLL	3.09	(0.20)	0.00	(0.18)	0.00	0.00	5.47	(4.96)	29.72
NB	4.98	0.64	0.08	(1.56)	6.09	(5.59)	9.23	(8.00)	56.21
TECK	2.46	(0.01)	0.00	0.03	3.47	(2.59)	5.44	(4.95)	19.93
SGML	4.06	(1.31)	0.00	(0.61)	0.00	0.00	8.20	(8.97)	26.45
MP	4.47	0.61	0.13	0.74	4.48	(5.38)	13.42	(7.97)	33.64
VALE	1.57	(0.09)	0.00	(0.06)	0.00	0.00	3.60	(3.57)	12.05
SYAXF	7.54	(0.02)	0.00	(0.04)	8.47	(10.37)	19.81	(16.80)	50.85
AWLIF	6.93	0.16	0.02	0.17	7.01	(13.67)	18.18	(15.38)	56.67
ALLIF	10.16	1.01	0.05	1.70	10.87	(31.52)	41.18	(23.08)	106.38

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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