Core Lithium Correlations

CXOXF Stock

USD 0.20 0.01 5.26%

The current 90-days correlation between Core Lithium and Centaurus Metals Limited is -0.01 (i.e., Good diversification). The correlation of Core 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.

Core Lithium Correlation With Market

Significant diversification

The correlation between Core Lithium and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Lithium and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Core 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 Core 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 Core 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 Core Lithium to buy it.

Moving together with Core Pink Sheet

0.72	BHP	BHP Group Limited	Pair Corr
0.85	RIO	Rio Tinto ADR	Pair Corr
0.83	RTNTF	Rio Tinto Group	Pair Corr
0.84	RTPPF	Rio Tinto Group	Pair Corr
0.79	GLCNF	Glencore PLC	Pair Corr
0.79	GLNCY	Glencore PLC ADR	Pair Corr
0.9	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.77	WF	Woori Financial Group	Pair Corr
0.89	BCH	Banco De Chile	Pair Corr
0.88	SMEGF	Siemens Energy AG	Pair Corr
0.78	FOSL	Fossil Group	Pair Corr
0.83	BNPQY	BNP Paribas SA	Pair Corr
0.74	FSBW	FS Bancorp Earnings Call Tomorrow	Pair Corr
0.76	NKRKY	Nokian Tyres Plc	Pair Corr
0.86	GVA	Granite Construction	Pair Corr
0.82	DTSQU	DT Cloud Star	Pair Corr
0.79	WEGZY	WEG SA ADR	Pair Corr
0.71	SITM	Sitime	Pair Corr
0.78	ROL	Rollins	Pair Corr
0.93	PILBF	Pilbara Minerals	Pair Corr
0.86	EDVMF	Endeavour Mining Corp	Pair Corr
0.87	CHRW	CH Robinson Worldwide	Pair Corr
0.84	BIIB	Biogen Inc	Pair Corr

Moving against Core Pink Sheet

0.84	FNMFO	Federal National Mortgage	Pair Corr
0.74	CNTRF	Centr Brands Corp	Pair Corr
0.44	TRRGF	Transatlantic Mining Corp	Pair Corr
0.36	CNNA	Cann American Corp	Pair Corr

Related Correlations Analysis

	NVAAF	SRAFF	NOURF	PNPNF	OMZNF	JMXXF	CRZNF	SVMLF	BKMNF	CTTZF
NVAAF		0.35	-0.1	-0.04	0.29	0.02	0.0	-0.01	0.0	0.15	NVAAF
SRAFF	0.35		-0.4	0.44	0.88	0.29	0.0	0.08	0.0	0.8	SRAFF
NOURF	-0.1	-0.4		0.43	-0.5	-0.2	0.0	0.65	0.0	-0.26	NOURF
PNPNF	-0.04	0.44	0.43		0.42	0.23	0.0	0.76	0.0	0.69	PNPNF
OMZNF	0.29	0.88	-0.5	0.42		0.35	0.0	0.04	0.0	0.86	OMZNF
JMXXF	0.02	0.29	-0.2	0.23	0.35		0.0	-0.02	0.0	0.34	JMXXF
CRZNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CRZNF
SVMLF	-0.01	0.08	0.65	0.76	0.04	-0.02	0.0		0.0	0.28	SVMLF
BKMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BKMNF
CTTZF	0.15	0.8	-0.26	0.69	0.86	0.34	0.0	0.28	0.0		CTTZF
	NVAAF	SRAFF	NOURF	PNPNF	OMZNF	JMXXF	CRZNF	SVMLF	BKMNF	CTTZF

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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

OMZNF	+ 0.88	SRAFF
CTTZF	+ 0.86	OMZNF
CTTZF	+ 0.8	SRAFF
SVMLF	+ 0.76	PNPNF
CTTZF	+ 0.69	PNPNF
SVMLF	+ 0.65	NOURF

High negative correlations

OMZNF	- 0.5	NOURF
NOURF	- 0.4	SRAFF
CTTZF	- 0.26	NOURF
JMXXF	- 0.2	NOURF
NOURF	- 0.1	NVAAF
PNPNF	- 0.04	NVAAF

Risk-Adjusted Indicators

There is a big difference between Core Pink Sheet performing well and Core 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 Core 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
NVAAF	8.32	0.54	0.04	0.25	10.05	(28.31)	29.31	(22.22)	107.69
SRAFF	2.82	0.33	0.04	(17.70)	3.18	(5.82)	5.00	(8.33)	19.09
NOURF	10.16	(0.53)	0.00	(0.15)	0.00	0.00	19.60	(20.71)	51.16
PNPNF	3.96	(0.07)	0.01	0.06	4.23	(5.15)	9.72	(8.08)	24.64
OMZNF	3.20	0.68	0.18	0.52	2.46	(5.64)	8.33	(5.45)	20.48
JMXXF	366.10	201.52	3.02	2.21	43.65	(441.04)	762.75	(94.29)	3,923
CRZNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SVMLF	3.23	(0.17)	0.00	(0.21)	0.00	0.00	6.25	(5.66)	26.10
BKMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTTZF	3.72	0.55	0.10	1.09	3.56	(5.53)	10.71	(6.45)	22.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Core 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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