TMC The Correlations

TMC Stock

USD 6.75 1.16 20.75%

The current 90-days correlation between TMC the metals and Materion is 0.34 (i.e., Weak diversification). The correlation of TMC The 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.

TMC The Correlation With Market

Very good diversification

The correlation between TMC the metals and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TMC the metals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TMC Stock

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

Moving together with TMC Stock

0.76	VZLA	Vizsla Resources Corp	Pair Corr
0.81	FMST	Foremost Lithium Resource	Pair Corr
0.89	CMP	Compass Minerals Int	Pair Corr
0.87	EMX	EMX Royalty Corp	Pair Corr
0.79	IPX	IperionX Limited American	Pair Corr
0.64	NVA	Nova Minerals Limited	Pair Corr
0.84	SKE	Skeena Resources	Pair Corr
0.9	SLI	Standard Lithium	Pair Corr
0.77	NVAWW	Nova Minerals Limited	Pair Corr
0.99	TMCWW	TMC the metals Buyout Trend	Pair Corr
0.67	USARW	USA Rare Earth, Symbol Change	Pair Corr
0.69	ABAT	American Battery Tec	Pair Corr

Moving against TMC Stock

0.84	GRO	Brazil Potash Corp	Pair Corr
0.7	LGO	Largo Resources	Pair Corr
0.62	LAR	Lithium Argentina Symbol Change	Pair Corr
0.57	TMQ	Trilogy Metals	Pair Corr
0.39	ELBM	Electra Battery Materials	Pair Corr
0.86	SGML	Sigma Lithium Resources	Pair Corr
0.77	LITM	Snow Lake Resources	Pair Corr
0.73	NEXA	Nexa Resources SA	Pair Corr
0.71	IONR	ioneer American	Pair Corr
0.61	USGOW	US GoldMining Warrant	Pair Corr
0.61	CC	Chemours	Pair Corr
0.5	ATLX	Atlas Lithium	Pair Corr
0.42	WWR	Westwater Resources	Pair Corr

Related Correlations Analysis

	SYAAF	UAMY	NMG	TMQ	GLATF	NEXA	MTRN	LGO	SKE
SYAAF		-0.03	0.55	-0.28	0.59	-0.63	-0.08	-0.25	0.32	SYAAF
UAMY	-0.03		0.5	0.03	0.45	-0.07	-0.25	-0.35	0.58	UAMY
NMG	0.55	0.5		-0.3	0.55	-0.47	-0.16	-0.2	0.62	NMG
TMQ	-0.28	0.03	-0.3		-0.48	0.51	0.6	0.7	-0.4	TMQ
GLATF	0.59	0.45	0.55	-0.48		-0.77	-0.39	-0.69	0.73	GLATF
NEXA	-0.63	-0.07	-0.47	0.51	-0.77		0.2	0.43	-0.69	NEXA
MTRN	-0.08	-0.25	-0.16	0.6	-0.39	0.2		0.7	-0.15	MTRN
LGO	-0.25	-0.35	-0.2	0.7	-0.69	0.43	0.7		-0.46	LGO
SKE	0.32	0.58	0.62	-0.4	0.73	-0.69	-0.15	-0.46		SKE
	SYAAF	UAMY	NMG	TMQ	GLATF	NEXA	MTRN	LGO	SKE

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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

SKE	+ 0.73	GLATF
LGO	+ 0.7	TMQ
LGO	+ 0.7	MTRN
SKE	+ 0.62	NMG
MTRN	+ 0.6	TMQ
GLATF	+ 0.59	SYAAF

High negative correlations

NEXA	- 0.77	GLATF
SKE	- 0.69	NEXA
LGO	- 0.69	GLATF
NEXA	- 0.63	SYAAF
GLATF	- 0.48	TMQ
NEXA	- 0.47	NMG

Risk-Adjusted Indicators

There is a big difference between TMC Stock performing well and TMC The 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 TMC The'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
SYAAF	5.72	0.26	0.03	0.20	5.49	(11.42)	15.79	(11.11)	36.76
UAMY	5.10	1.12	0.17	(13.78)	5.73	(5.86)	12.54	(9.50)	37.08
NMG	3.47	0.27	0.07	1.03	3.03	(5.06)	9.70	(5.43)	15.92
TMQ	4.21	(0.06)	0.00	0.17	0.00	0.00	10.61	(10.13)	35.25
GLATF	5.07	1.07	0.22	0.64	4.34	(6.71)	11.90	(6.58)	35.16
NEXA	1.66	(0.04)	0.00	0.08	0.00	0.00	3.40	(3.56)	13.01
MTRN	1.86	(0.03)	0.00	0.98	0.00	0.00	3.47	(3.59)	16.35
LGO	3.06	(0.48)	0.00	(0.31)	0.00	0.00	8.05	(8.63)	27.28
SKE	3.01	0.65	0.19	(2.69)	2.77	(3.62)	7.55	(4.33)	20.07

TMC The Corporate Management

Claude Plourde	Chief Officer	Profile
Ryan Coombes	General Secretary	Profile
Gerard Barron	CEO Chairman	Profile
Erika Ilves	Chief Officer	Profile
Craig Shesky	Chief Officer	Profile
Arthur CA	Chief Officer	Profile
Dan Porras	Head Brand	Profile

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