Foremost Lithium Correlations

FMST Stock

2.26 0.04 1.74%

The current 90-days correlation between Foremost Lithium Resource and Snow Lake Resources is 0.54 (i.e., Very weak diversification). The correlation of Foremost 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Foremost Lithium Correlation With Market

Very good diversification

The correlation between Foremost Lithium Resource and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foremost Lithium Resource and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Foremost Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foremost Lithium Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Foremost Stock

0.75

BBJ

Advance NanoTek Earnings Call This Week

Pair Corr

Moving against Foremost Stock

0.61	CXL	CALIX	Pair Corr
0.59	BANB	Bachem Holding AG	Pair Corr
0.44	DOW	Dow Inc Aggressive Push	Pair Corr
0.43	WLKP	Westlake Chemical	Pair Corr
0.43	BAK	Braskem SA Class	Pair Corr
0.42	BRD	BRASKEM PFD ADR2	Pair Corr
0.42	CBT	Cabot	Pair Corr
0.4	G3V	Green Plains	Pair Corr
0.38	229	PCC ROKITA SA	Pair Corr
0.36	BAS	BASF SE	Pair Corr
0.78	LIN	Linde plc	Pair Corr
0.62	GRA	NanoXplore	Pair Corr
0.5	OEC	Orion Engineered Carbons	Pair Corr
0.49	KEM	Kemira Oyj	Pair Corr
0.44	WLK	Westlake Chemical	Pair Corr
0.43	LYB	LyondellBasell Industries	Pair Corr
0.42	SEH	Shin Etsu Chemical	Pair Corr
0.34	KRO	Kronos Worldwide	Pair Corr
0.34	OLN	Olin	Pair Corr
0.34	VVV	Valvoline	Pair Corr
0.67	39EA	Ganfeng Lithium	Pair Corr
0.56	MEOH	Methanex	Pair Corr
0.56	ORI	Orica	Pair Corr
0.53	SWD	Showa Denko KK Earnings Call Today	Pair Corr
0.51	SGL	SGL Carbon SE	Pair Corr
0.47	SWAN	Black Swan Graphene	Pair Corr

Related Correlations Analysis

	LITM	TSE	ODVWZ	AUST	NWGL	SNES	XPL	YMAT	STAI
LITM		-0.08	-0.17	0.28	0.23	0.09	0.23	0.01	-0.17	LITM
TSE	-0.08		0.69	-0.5	-0.28	0.86	-0.71	0.75	0.88	TSE
ODVWZ	-0.17	0.69		-0.42	-0.06	0.5	-0.45	0.41	0.57	ODVWZ
AUST	0.28	-0.5	-0.42		0.18	-0.48	0.68	-0.46	-0.5	AUST
NWGL	0.23	-0.28	-0.06	0.18		-0.29	0.42	-0.47	-0.39	NWGL
SNES	0.09	0.86	0.5	-0.48	-0.29		-0.82	0.91	0.91	SNES
XPL	0.23	-0.71	-0.45	0.68	0.42	-0.82		-0.85	-0.87	XPL
YMAT	0.01	0.75	0.41	-0.46	-0.47	0.91	-0.85		0.92	YMAT
STAI	-0.17	0.88	0.57	-0.5	-0.39	0.91	-0.87	0.92		STAI
	LITM	TSE	ODVWZ	AUST	NWGL	SNES	XPL	YMAT	STAI

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

STAI	+ 0.92	YMAT
YMAT	+ 0.91	SNES
STAI	+ 0.91	SNES
STAI	+ 0.88	TSE
SNES	+ 0.86	TSE
YMAT	+ 0.75	TSE

High negative correlations

STAI	- 0.87	XPL
YMAT	- 0.85	XPL
XPL	- 0.82	SNES
XPL	- 0.71	TSE
STAI	- 0.5	AUST
AUST	- 0.5	TSE

Risk-Adjusted Indicators

There is a big difference between Foremost Stock performing well and Foremost 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 Foremost 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
LITM	5.47	(0.33)	0.00	(0.03)	0.00	0.00	11.50	(10.00)	27.80
TSE	5.70	(1.56)	0.00	(0.43)	0.00	0.00	11.11	(11.46)	53.43
ODVWZ	9.66	(0.18)	0.00	(0.05)	0.00	0.00	23.53	(21.87)	91.11
AUST	5.39	0.24	0.04	0.17	7.26	(5.98)	11.98	(10.75)	49.36
NWGL	3.78	0.07	0.02	0.12	4.21	(4.80)	7.76	(7.32)	44.84
SNES	2.96	(1.05)	0.00	(0.43)	0.00	0.00	6.27	(7.22)	16.92
XPL	2.54	0.26	0.09	0.25	2.51	(3.37)	6.06	(4.76)	14.92
YMAT	4.65	(0.88)	0.00	(0.76)	0.00	0.00	9.43	(9.43)	24.36
STAI	8.95	(4.54)	0.00	(1.42)	0.00	0.00	18.25	(38.40)	80.51

Foremost Lithium Corporate Management

Kelly Pladson	Corporate Secretary	Profile
BA BBA	Chief Officer	Profile
Shayla Forster	Corporate Secretary	Profile
Christina Barnard	Chief Officer	Profile

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