Arizona Lithium Correlations

AZLAF Stock

USD 0.01 0 16.67%

The current 90-days correlation between Arizona Lithium and Bushveld Minerals Limited is -0.08 (i.e., Good diversification). The correlation of Arizona 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.

Arizona Lithium Correlation With Market

Good diversification

The correlation between Arizona Lithium Limited and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arizona Lithium Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Arizona Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arizona Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arizona Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arizona Lithium Limited to buy it.

Moving against Arizona Pink Sheet

0.43	AXON	Axon Enterprise	Pair Corr
0.4	CQP	Cheniere Energy Partners	Pair Corr
0.39	IONQ	IONQ Inc	Pair Corr
0.32	NDAQ	Nasdaq Inc	Pair Corr

Related Correlations Analysis

	BSHVF	AUMTF	ARTTF	ASDRF	AZMTF	BBBMF	ADTLF	AHELF	ASHXF
BSHVF		-0.15	0.16	-0.17	-0.24	-0.31	-0.25	0.3	-0.2	BSHVF
AUMTF	-0.15		-0.04	0.38	0.35	0.23	0.39	-0.17	0.12	AUMTF
ARTTF	0.16	-0.04		-0.27	-0.65	-0.28	-0.59	0.33	-0.55	ARTTF
ASDRF	-0.17	0.38	-0.27		0.46	0.18	0.45	-0.1	0.18	ASDRF
AZMTF	-0.24	0.35	-0.65	0.46		0.42	0.81	-0.47	0.67	AZMTF
BBBMF	-0.31	0.23	-0.28	0.18	0.42		0.69	-0.71	0.16	BBBMF
ADTLF	-0.25	0.39	-0.59	0.45	0.81	0.69		-0.65	0.61	ADTLF
AHELF	0.3	-0.17	0.33	-0.1	-0.47	-0.71	-0.65		-0.47	AHELF
ASHXF	-0.2	0.12	-0.55	0.18	0.67	0.16	0.61	-0.47		ASHXF
	BSHVF	AUMTF	ARTTF	ASDRF	AZMTF	BBBMF	ADTLF	AHELF	ASHXF

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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

ADTLF	+ 0.81	AZMTF
ADTLF	+ 0.69	BBBMF
ASHXF	+ 0.67	AZMTF
ASHXF	+ 0.61	ADTLF
AZMTF	+ 0.46	ASDRF
ADTLF	+ 0.45	ASDRF

High negative correlations

AHELF	- 0.71	BBBMF
AHELF	- 0.65	ADTLF
AZMTF	- 0.65	ARTTF
ADTLF	- 0.59	ARTTF
ASHXF	- 0.55	ARTTF
ASHXF	- 0.47	AHELF

Risk-Adjusted Indicators

There is a big difference between Arizona Pink Sheet performing well and Arizona 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 Arizona 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
BSHVF	146.48	64.22	1.08	0.99	25.57	(447.84)	400.00	(87.50)	1,705
AUMTF	0.60	0.06	0.00	(0.34)	0.00	0.00	0.00	0.00	36.67
ARTTF	13.90	1.89	0.05	0.77	15.29	(59.57)	31.91	(35.90)	251.10
ASDRF	6.08	1.19	0.00	(0.65)	0.00	0.00	33.33	(25.00)	83.33
AZMTF	4.00	0.65	0.06	(2.64)	4.71	(7.58)	11.36	(7.69)	46.14
BBBMF	18.16	8.50	0.00	(4.74)	0.00	0.00	0.00	0.00	667.47
ADTLF	1.84	0.34	0.05	0.92	2.05	(4.73)	5.20	(4.76)	25.51
AHELF	1.50	(0.49)	0.00	(4.26)	0.00	0.00	0.00	0.00	23.08
ASHXF	3.29	1.24	0.12	(2.60)	2.53	(12.06)	16.28	(3.37)	31.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arizona Lithium without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Arizona Lithium Corporate Management

Brett Rabe	Chief Officer	Profile
Robert Kelly	Gen Operations	Profile
Lyle Thorne	Exploration Mang	Profile
Matthew Blumberg	Ex Director	Profile
LLB BCom	Company Sec	Profile
Doug Pitts	Chief Engineering	Profile
John Beck	Consultant	Profile

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