Lithium Americas Correlations

LAACDelisted Stock

2.77 0.00 0.00%

The current 90-days correlation between Lithium Americas Corp and Lucid Group is -0.29 (i.e., Very good diversification). The correlation of Lithium Americas 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.

Lithium Americas Correlation With Market

Very good diversification

The correlation between Lithium Americas Corp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithium Americas Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas 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 nation.

Moving together with Lithium Stock

0.73	CHKEZ	CHKEZ Old Symbol Change	Pair Corr
0.62	CHKEL	CHKEL Old Symbol Change	Pair Corr
0.82	ADVWW	Advantage Solutions	Pair Corr
0.81	PCTTW	PureCycle Technologies	Pair Corr
0.82	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.79	PTAIF	PT Astra International	Pair Corr
0.73	PTAIY	Astra International Tbk	Pair Corr
0.84	PPERF	Bank Mandiri Persero	Pair Corr
0.83	PPERY	Bank Mandiri Persero	Pair Corr
0.86	PBCRY	Bank Central Asia	Pair Corr
0.73	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.64	INTC	Intel	Pair Corr
0.65	KO	Coca Cola Earnings Call This Week	Pair Corr

Moving against Lithium Stock

0.84	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.75	ASTSW	AST SpaceMobile	Pair Corr
0.7	GILT	Gilat Satellite Networks	Pair Corr
0.55	GCMGW	GCM Grosvenor	Pair Corr
0.51	ATCOL	Atlas Corp	Pair Corr
0.37	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.36	MAPSW	WM Technology	Pair Corr
0.75	V	Visa Class A	Pair Corr
0.69	AXP	American Express	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.58	JPM	JPMorgan Chase	Pair Corr
0.57	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.42	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.34	T	ATT Inc Earnings Call This Week	Pair Corr
0.33	BAMXF	Bayerische Motoren Werke	Pair Corr

Related Correlations Analysis

	LCID	CARS	QRVO	BC	TSMWF	EMKR	ENTG
LCID		-0.41	0.22	-0.92	0.88	0.32	-0.4	LCID
CARS	-0.41		-0.44	0.33	-0.28	0.63	0.31	CARS
QRVO	0.22	-0.44		-0.15	0.18	-0.34	0.05	QRVO
BC	-0.92	0.33	-0.15		-0.93	-0.45	0.53	BC
TSMWF	0.88	-0.28	0.18	-0.93		0.47	-0.48	TSMWF
EMKR	0.32	0.63	-0.34	-0.45	0.47		-0.2	EMKR
ENTG	-0.4	0.31	0.05	0.53	-0.48	-0.2		ENTG
	LCID	CARS	QRVO	BC	TSMWF	EMKR	ENTG

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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

TSMWF	+ 0.88	LCID
EMKR	+ 0.63	CARS
ENTG	+ 0.53	BC
EMKR	+ 0.47	TSMWF
BC	+ 0.33	CARS
EMKR	+ 0.32	LCID

High negative correlations

TSMWF	- 0.93	BC
BC	- 0.92	LCID
ENTG	- 0.48	TSMWF
EMKR	- 0.45	BC
QRVO	- 0.44	CARS
CARS	- 0.41	LCID

Risk-Adjusted Indicators

There is a big difference between Lithium Stock performing well and Lithium Americas 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 Lithium Americas' 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
LCID	3.34	0.22	0.03	(3.20)	4.15	(3.47)	8.58	(6.84)	21.67
CARS	1.58	0.19	0.09	0.33	1.53	(1.83)	4.66	(2.90)	10.37
QRVO	1.94	(0.28)	0.00	(0.15)	0.00	0.00	3.37	(2.48)	28.57
BC	1.51	(0.18)	0.00	(1.09)	0.00	0.00	3.42	(2.82)	11.27
TSMWF	0.90	0.47	0.00	(1.91)	0.00	0.00	0.00	0.00	30.21
EMKR	1.55	0.52	0.31	0.61	0.77	(2.29)	3.83	(2.01)	30.72
ENTG	1.93	(0.03)	(0.04)	(0.03)	2.64	(1.88)	3.03	(4.23)	11.79

The entity Lithium Americas Corp with a symbol LAAC was recently relisted or delisted. You can potentially use Lithium Argentina AG with a symbol LAR. Please make sure the ticker renaming or change in the classification of Lithium Americas Corp is not a temporary action by the exchange.

Lithium Americas Corporate Management

Jos Aggio	VP Officer	Profile
Kelly OBrien	VP ESG	Profile
Aubree PHR	Vice Resources	Profile
Virginia Morgan	Vice ESG	Profile
Dennis PE	Senior Development	Profile

Still Interested in Lithium Americas Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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