Frontier Lithium Correlations

LITOF Stock

USD 0.67 0.03 4.69%

The current 90-days correlation between Frontier Lithium and Global Atomic Corp is 0.12 (i.e., Average diversification). The correlation of Frontier 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.

Frontier Lithium Correlation With Market

Poor diversification

The correlation between Frontier Lithium and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Lithium and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Frontier OTC Stock

0.78	BHPLF	BHP Group Limited Earnings Call This Week	Pair Corr
0.62	BHP	BHP Group Limited Earnings Call This Week	Pair Corr
0.7	RTNTF	Rio Tinto Group	Pair Corr
0.8	RTPPF	Rio Tinto Group	Pair Corr
0.9	GLCNF	Glencore PLC	Pair Corr
0.67	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.61	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.74	GLUC	Glucose Health	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.63	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.8	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.62	MRK	Merck Company Aggressive Push	Pair Corr
0.8	INTC	Intel	Pair Corr
0.62	PFE	Pfizer Inc	Pair Corr

Moving against Frontier OTC Stock

0.84	HPQ	HP Inc	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.43	MMM	3M Company	Pair Corr
0.32	IBM	International Business	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	GPHOF	QUEXF	CVVUF	GLATF	BMOOF	ALLIF	OMHLF	GEODF	HUSIF	DBLVF
GPHOF		0.0	0.64	0.86	0.93	0.5	0.0	0.41	0.72	0.72	GPHOF
QUEXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	QUEXF
CVVUF	0.64	0.0		0.56	0.7	0.49	0.0	-0.16	0.59	0.53	CVVUF
GLATF	0.86	0.0	0.56		0.86	0.39	0.0	0.61	0.59	0.57	GLATF
BMOOF	0.93	0.0	0.7	0.86		0.5	0.0	0.39	0.75	0.78	BMOOF
ALLIF	0.5	0.0	0.49	0.39	0.5		0.0	-0.03	0.37	0.4	ALLIF
OMHLF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OMHLF
GEODF	0.41	0.0	-0.16	0.61	0.39	-0.03	0.0		0.17	0.19	GEODF
HUSIF	0.72	0.0	0.59	0.59	0.75	0.37	0.0	0.17		0.58	HUSIF
DBLVF	0.72	0.0	0.53	0.57	0.78	0.4	0.0	0.19	0.58		DBLVF
	GPHOF	QUEXF	CVVUF	GLATF	BMOOF	ALLIF	OMHLF	GEODF	HUSIF	DBLVF

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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

BMOOF	+ 0.93	GPHOF
GLATF	+ 0.86	GPHOF
BMOOF	+ 0.86	GLATF
DBLVF	+ 0.78	BMOOF
HUSIF	+ 0.75	BMOOF
HUSIF	+ 0.72	GPHOF

High negative correlations

GEODF	- 0.16	CVVUF
GEODF	- 0.03	ALLIF
DBLVF	- 0.0	OMHLF
HUSIF	- 0.0	OMHLF
GEODF	- 0.0	OMHLF
OMHLF	- 0.0	ALLIF

Risk-Adjusted Indicators

There is a big difference between Frontier OTC Stock performing well and Frontier Lithium OTC Stock 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 Frontier 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
GPHOF	4.70	1.00	0.20	(4.83)	3.94	(6.32)	12.62	(8.16)	33.79
QUEXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVVUF	4.33	(0.01)	(0.01)	0.07	5.86	(5.53)	9.84	(7.46)	26.23
GLATF	4.70	0.65	0.09	0.65	5.70	(5.77)	11.11	(8.62)	45.59
BMOOF	3.07	0.69	0.10	(0.71)	4.35	(3.50)	6.63	(3.94)	29.29
ALLIF	11.85	2.04	0.10	(2.54)	11.37	(23.71)	25.00	(17.65)	135.35
OMHLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GEODF	1.60	0.08	(0.03)	(0.02)	2.22	(1.85)	3.70	(3.19)	11.23
HUSIF	3.25	0.67	0.16	1.62	3.03	(4.85)	10.14	(6.45)	21.13
DBLVF	4.62	0.74	0.14	0.88	4.38	(6.27)	13.92	(7.78)	41.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frontier 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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Frontier Lithium Corporate Management

Elected by the shareholders, the Frontier Lithium's board of directors comprises two types of representatives: Frontier Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Frontier. The board's role is to monitor Frontier Lithium's management team and ensure that shareholders' interests are well served. Frontier 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, Frontier Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.

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