Critical Metals Correlations

CRML Stock

5.75 2.97 34.06%

The current 90-days correlation between Critical Metals Corp and Grocery Outlet Holding is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Critical Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Critical Metals Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Critical Metals Correlation With Market

Good diversification

The correlation between Critical Metals Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Critical Metals 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 Critical Metals 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 population.

Moving together with Critical Stock

0.64	NB	NioCorp Developments Earnings Call This Week	Pair Corr
0.66	VZLA	Vizsla Resources Corp	Pair Corr
0.65	SKE	Skeena Resources	Pair Corr

Moving against Critical Stock

0.57	ELBM	Electra Battery Materials	Pair Corr
0.46	WRN	Western Copper	Pair Corr
0.43	PLL	Piedmont Lithium	Pair Corr
0.42	LZM	Lifezone Metals	Pair Corr
0.39	LAR	Lithium Argentina Symbol Change	Pair Corr
0.35	LAC	Lithium Americas Corp	Pair Corr
0.52	EU	enCore Energy Corp	Pair Corr
0.51	NEXA	Nexa Resources SA	Pair Corr
0.5	SGML	Sigma Lithium Resources	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.38	NIOBW	NioCorp Developments	Pair Corr
0.36	MTRN	Materion Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CAH	HDSN	HAFN	GO	MESA	COE	LIND	BRDLF
CAH		0.48	-0.05	-0.1	0.38	0.37	0.16	0.61	CAH
HDSN	0.48		-0.1	0.4	-0.24	-0.21	0.18	0.15	HDSN
HAFN	-0.05	-0.1		-0.4	0.56	0.48	-0.46	0.46	HAFN
GO	-0.1	0.4	-0.4		-0.74	-0.76	0.58	-0.57	GO
MESA	0.38	-0.24	0.56	-0.74		0.84	-0.57	0.78	MESA
COE	0.37	-0.21	0.48	-0.76	0.84		-0.54	0.89	COE
LIND	0.16	0.18	-0.46	0.58	-0.57	-0.54		-0.4	LIND
BRDLF	0.61	0.15	0.46	-0.57	0.78	0.89	-0.4		BRDLF
	CAH	HDSN	HAFN	GO	MESA	COE	LIND	BRDLF

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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

BRDLF	+ 0.89	COE
COE	+ 0.84	MESA
BRDLF	+ 0.78	MESA
BRDLF	+ 0.61	CAH
LIND	+ 0.58	GO
MESA	+ 0.56	HAFN

High negative correlations

COE	- 0.76	GO
MESA	- 0.74	GO
LIND	- 0.57	MESA
BRDLF	- 0.57	GO
LIND	- 0.54	COE
LIND	- 0.46	HAFN

Risk-Adjusted Indicators

There is a big difference between Critical Stock performing well and Critical Metals 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 Critical Metals' 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
CAH	0.98	0.08	0.05	0.16	1.39	(0.91)	1.86	(2.49)	6.21
HDSN	1.62	(0.11)	0.00	(0.17)	0.00	0.00	3.70	(3.20)	9.59
HAFN	2.25	0.17	0.05	(0.35)	2.48	(2.54)	5.82	(4.02)	12.74
GO	2.32	(0.02)	(0.01)	0.00	3.42	(2.12)	4.77	(4.86)	15.81
MESA	3.01	0.63	0.17	8.48	2.94	(4.20)	10.28	(6.38)	23.87
COE	2.63	0.74	0.25	(1.89)	2.12	(3.62)	9.36	(4.29)	19.95
LIND	2.43	(0.09)	0.00	0.20	0.00	0.00	5.56	(5.02)	13.55
BRDLF	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20

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