Foremost Lithium Correlations
| FMST Stock | 1.67 0.13 7.22% |
The current 90-days correlation between Foremost Lithium Resource and Meiwu Technology Co is -0.04 (i.e., Good 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
Average diversification
The correlation between Foremost Lithium Resource and DJI is 0.14 (i.e., Average 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.
Foremost |
Moving together with Foremost Stock
| 0.62 | ELBM | Electra Battery Materials | PairCorr |
| 0.81 | XPL | Solitario Exploration | PairCorr |
| 0.69 | DLEXY | Datalex plc | PairCorr |
| 0.61 | LITM | Snow Lake Resources | PairCorr |
Moving against Foremost Stock
| 0.87 | LAC | Lithium Americas Corp | PairCorr |
| 0.82 | NAK | Northern Dynasty Minerals | PairCorr |
| 0.8 | PLL | Piedmont Lithium Upward Rally | PairCorr |
| 0.79 | MP | MP Materials Corp | PairCorr |
| 0.79 | TMQ | Trilogy Metals | PairCorr |
| 0.78 | CMP | Compass Minerals Int | PairCorr |
| 0.76 | IPX | IperionX Limited American | PairCorr |
| 0.71 | NVA | Nova Minerals Limited | PairCorr |
| 0.71 | SLI | Standard Lithium | PairCorr |
| 0.66 | LGO | Largo Resources | PairCorr |
| 0.49 | WWR | Westwater Resources | PairCorr |
| 0.45 | LZM | Lifezone Metals | PairCorr |
| 0.36 | SKE | Skeena Resources | PairCorr |
| 0.84 | JAPSY | Japan Airlines | PairCorr |
| 0.81 | LUNMF | Lundin Mining | PairCorr |
| 0.79 | NEXA | Nexa Resources SA | PairCorr |
| 0.76 | AMLI | American Lithium Corp | PairCorr |
| 0.76 | SGML | Sigma Lithium Resources | PairCorr |
| 0.75 | REEMF | Rare Element Resources | PairCorr |
| 0.75 | AVLNF | Avalon Advanced Materials Earnings Call This Week | PairCorr |
| 0.7 | USGOW | US GoldMining Warrant | PairCorr |
| 0.68 | LAAC | Lithium Americas Corp | PairCorr |
| 0.62 | SMTSF | Sierra Metals | PairCorr |
| 0.6 | NVAWW | Nova Minerals Limited | PairCorr |
Related Correlations Analysis
| -0.27 | 0.12 | 0.48 | 0.08 | -0.22 | UBER | ||
| -0.27 | -0.45 | -0.3 | -0.46 | 0.28 | WNW | ||
| 0.12 | -0.45 | 0.46 | 0.91 | -0.28 | NTGR | ||
| 0.48 | -0.3 | 0.46 | 0.42 | -0.03 | TV | ||
| 0.08 | -0.46 | 0.91 | 0.42 | -0.29 | NOW | ||
| -0.22 | 0.28 | -0.28 | -0.03 | -0.29 | RIG | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UBER | 1.56 | (0.15) | 0.00 | (0.06) | 0.00 | 2.53 | 20.10 | |||
| WNW | 2.62 | (0.02) | (0.01) | 0.05 | 2.89 | 6.25 | 29.28 | |||
| NTGR | 2.33 | 0.59 | 0.30 | 0.54 | 1.62 | 5.28 | 34.60 | |||
| TV | 2.82 | 0.07 | (0.01) | (0.18) | 4.15 | 5.38 | 20.33 | |||
| NOW | 1.33 | 0.21 | 0.15 | 0.28 | 1.22 | 3.04 | 8.12 | |||
| RIG | 2.57 | (0.32) | 0.00 | (0.15) | 0.00 | 5.19 | 14.43 |
Foremost Lithium Corporate Executives
Elected by the shareholders, the Foremost Lithium's board of directors comprises two types of representatives: Foremost Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Foremost. The board's role is to monitor Foremost Lithium's management team and ensure that shareholders' interests are well served. Foremost 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, Foremost Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.