American Lithium Correlations

AMLI Stock

0.68 0.03 4.23%

The current 90-days correlation between American Lithium Corp and Cedar Realty Trust is -0.01 (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

Average diversification

The correlation between American Lithium Corp and DJI is 0.18 (i.e., Average 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Lithium Corp. 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.

Moving together with American Stock

0.85	MP	MP Materials Corp	Pair Corr
0.81	CMP	Compass Minerals Int	Pair Corr
0.63	EMX	EMX Royalty Corp	Pair Corr
0.74	IPX	IperionX Limited American	Pair Corr
0.7	LAC	Lithium Americas Corp	Pair Corr
0.9	PLL	Piedmont Lithium	Pair Corr
0.62	SKE	Skeena Resources	Pair Corr
0.89	SLI	Standard Lithium	Pair Corr
0.79	IONR	ioneer American	Pair Corr
0.91	LAAC	Lithium Americas Corp	Pair Corr
0.87	NEXA	Nexa Resources SA	Pair Corr
0.76	USGOW	US GoldMining Warrant	Pair Corr

Moving against American Stock

0.62	BYU	BAIYU Holdings	Pair Corr
0.43	ELBM	Electra Battery Materials	Pair Corr
0.74	KNBWY	Kirin Holdings	Pair Corr
0.63	XPL	Solitario Exploration	Pair Corr
0.6	LITM	Snow Lake Resources	Pair Corr
0.54	ERLFF	Entree Resources	Pair Corr
0.43	TMCWW	TMC the metals	Pair Corr

Related Correlations Analysis

	CDR-PB	LPCN	ACMR	APAM	WDC	ALTI	ALCY	CBTN
CDR-PB		0.66	0.51	0.77	0.55	0.11	0.35	-0.28	CDR-PB
LPCN	0.66		0.45	0.63	0.58	0.25	0.16	-0.32	LPCN
ACMR	0.51	0.45		0.36	0.49	-0.22	0.04	0.05	ACMR
APAM	0.77	0.63	0.36		0.44	0.51	0.47	-0.46	APAM
WDC	0.55	0.58	0.49	0.44		0.07	-0.12	0.02	WDC
ALTI	0.11	0.25	-0.22	0.51	0.07		0.15	-0.47	ALTI
ALCY	0.35	0.16	0.04	0.47	-0.12	0.15		-0.39	ALCY
CBTN	-0.28	-0.32	0.05	-0.46	0.02	-0.47	-0.39		CBTN
	CDR-PB	LPCN	ACMR	APAM	WDC	ALTI	ALCY	CBTN

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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

APAM	+ 0.77	CDR-PB
LPCN	+ 0.66	CDR-PB
APAM	+ 0.63	LPCN
WDC	+ 0.58	LPCN
WDC	+ 0.55	CDR-PB
ACMR	+ 0.51	CDR-PB

High negative correlations

CBTN	- 0.47	ALTI
CBTN	- 0.46	APAM
CBTN	- 0.39	ALCY
CBTN	- 0.32	LPCN
CBTN	- 0.28	CDR-PB
ALTI	- 0.22	ACMR

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
CDR-PB	1.91	0.24	0.03	(2.79)	2.77	(1.97)	4.28	(4.61)	13.67
LPCN	3.34	0.56	0.11	2.08	3.75	(3.72)	7.08	(6.14)	27.84
ACMR	2.86	(0.18)	(0.02)	0.02	3.71	(2.91)	7.08	(6.70)	24.87
APAM	1.36	0.03	0.07	0.14	1.59	(1.47)	2.52	(2.47)	12.25
WDC	1.61	(0.10)	(0.03)	0.05	1.90	(1.74)	4.06	(2.94)	11.83
ALTI	2.93	(0.17)	0.00	0.05	3.68	(3.15)	6.91	(5.49)	22.23
ALCY	0.46	0.07	(0.03)	(0.21)	1.22	(0.89)	0.55	(0.28)	16.63
CBTN	0.70	(0.02)	0.00	(0.14)	0.00	0.00	2.15	(2.10)	14.50

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

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