American Battery Correlations
| ABAT Stock | 3.64 0.02 0.55% |
The current 90-days correlation between American Battery Tec and Lifezone Metals Limited is 0.54 (i.e., Very weak diversification). The correlation of American Battery 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. If the correlation is 0, the equities are not correlated; they are entirely random.
American Battery Correlation With Market
Very weak diversification
The correlation between American Battery Technology and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Battery Technology and DJI in the same portfolio, assuming nothing else is changed.
Moving together with American Stock
| 0.64 | C9F | CHIPOTLE MEXICAN | PairCorr |
| 0.67 | 21L | Alphamin Resources Corp | PairCorr |
| 0.65 | PEX | Pacific Ridge Exploration | PairCorr |
| 0.74 | PF8 | European Lithium | PairCorr |
| 0.61 | DC | Dakota Gold Corp Earnings Call This Week | PairCorr |
| 0.66 | IE | Ivanhoe Electric | PairCorr |
Moving against American Stock
| 0.45 | 6RC | REPROCELL | PairCorr |
| 0.4 | 6WX | CN LONGYUAN POWER | PairCorr |
| 0.46 | GEO | Empire Metals Limited | PairCorr |
| 0.45 | SON1 | Sony Group Corp | PairCorr |
| 0.31 | BF5B | BROWN NON VTG | PairCorr |
| 0.35 | BF5B | BROWN NON VTG | PairCorr |
| 0.32 | UGN | GENSOURCE POTASH | PairCorr |
Related Correlations Analysis
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 American Stock performing well and American Battery 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 American Battery'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LZM | 2.78 | 0.15 | 0.05 | 0.12 | 3.52 | 6.58 | 21.24 | |||
| NMG | 3.79 | (0.48) | 0.00 | (0.35) | 0.00 | 6.94 | 24.20 | |||
| IONR | 4.12 | 0.14 | 0.01 | (0.09) | 5.74 | 8.75 | 35.03 | |||
| IPI | 2.37 | 0.33 | 0.12 | 0.23 | 2.80 | 6.26 | 16.00 | |||
| DVS | 3.50 | 0.17 | 0.02 | (0.14) | 5.09 | 7.51 | 26.95 | |||
| HYMC | 6.99 | 2.67 | 0.34 | (2.52) | 5.62 | 19.48 | 67.66 | |||
| WRN | 3.73 | 0.64 | 0.11 | 0.39 | 5.28 | 8.21 | 29.32 | |||
| THM | 4.68 | 0.58 | 0.12 | 0.26 | 4.68 | 13.61 | 29.38 |
American Battery Corporate Management
| Steven Wu | Chief Officer | Profile | |
| Ross Leisinger | Head Resources | Profile | |
| Alejandro Arteaga | Chief Officer | Profile | |
| Bret Meich | General Secretary | Profile | |
| Andres Meza | Chief Officer | Profile | |
| Scott AA | Chief Officer | Profile |