American Lithium Correlations
| AMLI Stock | 0.38 0.00 0.00% |
The current 90-days correlation between American Lithium Corp and Lion One Metals is -0.05 (i.e., Good diversification). The correlation of American 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.
American Lithium Correlation With Market
Good diversification
The correlation between American Lithium Corp and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Lithium Corp and DJI in the same portfolio, assuming nothing else is changed.
American |
Moving together with American Stock
Moving against American Stock
| 0.79 | NMG | Nouveau Monde Graphite | PairCorr |
| 0.63 | NB | NioCorp Developments | PairCorr |
| 0.63 | NAK | Northern Dynasty Minerals | PairCorr |
| 0.55 | VZLA | Vizsla Resources Corp | PairCorr |
| 0.77 | TMC | TMC the metals Buyout Trend | PairCorr |
| 0.73 | WWR | Westwater Resources | PairCorr |
| 0.7 | TMCWW | TMC the metals | PairCorr |
| 0.68 | JAPSY | Japan Airlines Earnings Call Today | PairCorr |
| 0.66 | LITM | Snow Lake Resources | PairCorr |
| 0.55 | SKE | Skeena Resources | PairCorr |
| 0.55 | XPL | Solitario Exploration | PairCorr |
| 0.53 | GRFX | Graphex Group Limited | PairCorr |
| 0.77 | REEMF | Rare Element Resources | PairCorr |
| 0.72 | CRMLW | Critical Metals Corp | PairCorr |
| 0.72 | USAS | Americas Silver Corp | PairCorr |
| 0.53 | CRML | Critical Metals Corp | PairCorr |
| 0.43 | UAMY | United States Antimony Buyout Trend | PairCorr |
| 0.36 | ABAT | American Battery Tec | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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 American 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PG | 0.81 | (0.05) | 0.00 | (0.04) | 0.00 | 1.87 | 5.42 | |||
| LOMLF | 2.88 | (0.02) | (0.01) | 0.05 | 3.35 | 5.88 | 27.05 | |||
| DFS | 1.76 | 0.51 | 0.26 | 0.97 | 1.35 | 3.70 | 24.36 | |||
| SEIC | 0.93 | 0.20 | 0.09 | 0.71 | 1.26 | 1.63 | 9.37 | |||
| HAFN | 2.17 | (0.10) | 0.00 | 0.37 | 0.00 | 4.97 | 12.74 | |||
| KEY-PI | 0.62 | 0.00 | (0.10) | 0.09 | 0.72 | 1.42 | 4.39 | |||
| ALMMF | 2.91 | (0.31) | 0.00 | (0.10) | 0.00 | 8.62 | 27.95 | |||
| RBMTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
American Lithium Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with American Lithium stock to make a market-neutral strategy. Peer analysis of American Lithium could also be used in its relative valuation, which is a method of valuing American Lithium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
American Lithium Corporate Executives
Elected by the shareholders, the American Lithium's board of directors comprises two types of representatives: American Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Lithium's management team and ensure that shareholders' interests are well served. American Lithium's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Charlish | CFO Secretary | Profile |