Li-FT Power Correlations

LIFFF Stock

3.21 0.04 1.23%

The current 90-days correlation between Li FT Power and Generation Mining Limited is 0.02 (i.e., Significant diversification). The correlation of Li-FT Power 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.

Li-FT Power Correlation With Market

Significant diversification

The correlation between Li FT Power 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 Li FT Power and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Li-FT Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Li-FT Power 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 Li-FT Power - 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 Li FT Power to buy it.

Moving together with Li-FT Pink Sheet

0.63	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.73	BMYMP	Bristol Myers Squibb	Pair Corr
0.61	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.67	GSVRF	Guanajuato Silver	Pair Corr
0.63	REGN	Regeneron Pharmaceuticals	Pair Corr
0.68	KYOCF	Kyocera	Pair Corr
0.64	DDS	Dillards,	Pair Corr
0.64	APGE	Apogee Therapeutics,	Pair Corr

Moving against Li-FT Pink Sheet

0.72	MSFT	Microsoft	Pair Corr
0.55	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.43	12532HAF1	GIBACN 23 14	Pair Corr
0.52	RYSKF	Reysas Tasimacilik	Pair Corr

Related Correlations Analysis

	GENMF	ALLIF	PWRMF	KLDCF	GDLNF	LRAXF	LQRCF	FPOCF	BLSTF	LITOF
GENMF		-0.01	0.17	0.58	0.04	-0.17	0.76	0.46	0.04	0.24	GENMF
ALLIF	-0.01		0.09	-0.14	0.15	-0.38	-0.09	0.17	0.32	-0.32	ALLIF
PWRMF	0.17	0.09		-0.17	0.7	-0.1	-0.13	0.6	0.21	-0.12	PWRMF
KLDCF	0.58	-0.14	-0.17		-0.28	-0.02	0.75	0.07	-0.14	-0.15	KLDCF
GDLNF	0.04	0.15	0.7	-0.28		0.05	-0.22	0.44	0.31	-0.17	GDLNF
LRAXF	-0.17	-0.38	-0.1	-0.02	0.05		0.07	-0.37	-0.55	0.51	LRAXF
LQRCF	0.76	-0.09	-0.13	0.75	-0.22	0.07		0.09	-0.31	0.2	LQRCF
FPOCF	0.46	0.17	0.6	0.07	0.44	-0.37	0.09		0.3	-0.06	FPOCF
BLSTF	0.04	0.32	0.21	-0.14	0.31	-0.55	-0.31	0.3		-0.47	BLSTF
LITOF	0.24	-0.32	-0.12	-0.15	-0.17	0.51	0.2	-0.06	-0.47		LITOF
	GENMF	ALLIF	PWRMF	KLDCF	GDLNF	LRAXF	LQRCF	FPOCF	BLSTF	LITOF

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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

LQRCF	+ 0.76	GENMF
LQRCF	+ 0.75	KLDCF
GDLNF	+ 0.7	PWRMF
FPOCF	+ 0.6	PWRMF
KLDCF	+ 0.58	GENMF
LITOF	+ 0.51	LRAXF

High negative correlations

BLSTF	- 0.55	LRAXF
LITOF	- 0.47	BLSTF
LRAXF	- 0.38	ALLIF
FPOCF	- 0.37	LRAXF
LITOF	- 0.32	ALLIF
BLSTF	- 0.31	LQRCF

Risk-Adjusted Indicators

There is a big difference between Li-FT Pink Sheet performing well and Li-FT Power 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 Li-FT Power'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
GENMF	4.57	1.03	0.18	0.88	4.54	(5.97)	10.91	(8.33)	30.93
ALLIF	13.23	2.32	0.10	(0.48)	14.04	(20.20)	35.71	(29.41)	114.72
PWRMF	3.91	0.16	0.02	1.27	3.88	(5.19)	8.77	(6.78)	27.26
KLDCF	2.85	0.41	0.11	0.49	2.96	(3.58)	5.99	(5.19)	16.74
GDLNF	5.35	0.34	0.03	0.17	6.45	(17.37)	20.00	(16.67)	36.67
LRAXF	3.27	0.25	0.03	0.79	4.39	(4.76)	8.20	(10.26)	32.53
LQRCF	3.81	0.49	0.13	0.30	3.82	(4.78)	10.49	(6.02)	30.95
FPOCF	4.16	0.59	0.09	0.39	4.44	(6.75)	13.33	(6.90)	32.46
BLSTF	10.97	2.27	0.05	(1.44)	13.33	(47.44)	33.90	(34.33)	178.51
LITOF	3.22	0.55	0.15	0.38	2.91	(4.92)	9.52	(4.88)	24.20

Li-FT Power Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Li-FT Power pink sheet to make a market-neutral strategy. Peer analysis of Li-FT Power could also be used in its relative valuation, which is a method of valuing Li-FT Power by comparing valuation metrics with similar companies.

Generation Mining Limited Alpha Lithium Power Metals Corp Kenorland Minerals Greenland Minerals And Lara Exploration Black Mammoth Metals FPX Nickel Corp Blackstone Minerals Frontier Lithium American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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