Lithium One Correlations
| LOMEF Stock | 0.01 0 16.67% |
The current 90-days correlation between Lithium One Metals and AMCON Distributing is -0.04 (i.e., Good diversification). The correlation of Lithium One 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 One Correlation With Market
Good diversification
The correlation between Lithium One Metals and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithium One Metals and DJI in the same portfolio, assuming nothing else is changed.
Lithium |
The ability to find closely correlated positions to Lithium One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium One 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 Lithium One - 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 Lithium One Metals to buy it.
Moving against Lithium Pink Sheet
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| 0.59 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.57 | NCL | Northann Corp | PairCorr |
| 0.54 | APP | Applovin Corp | PairCorr |
| 0.48 | CCB | Coastal Financial Corp | PairCorr |
| 0.47 | NSC | Norfolk Southern Fiscal Year End 24th of January 2025 | PairCorr |
| 0.45 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.45 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.43 | BSTZ | BlackRock Science | PairCorr |
| 0.41 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.38 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.35 | EME | EMCOR Group | PairCorr |
| 0.32 | ADSK | Autodesk | PairCorr |
| 0.7 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.66 | FUWAF | Furukawa Electric | PairCorr |
| 0.65 | NWS | News Corp B | PairCorr |
| 0.56 | AGM | Federal Agricultural | PairCorr |
| 0.55 | GABC | German American Bancorp | PairCorr |
| 0.51 | 458140AK6 | INTEL P 48 | PairCorr |
| 0.5 | KRKNF | Kraken Robotics | PairCorr |
| 0.5 | TCJH | Top KingWin Symbol Change | PairCorr |
| 0.45 | UNCY | Unicycive Therapeutics | PairCorr |
| 0.45 | VABK | Virginia National | PairCorr |
| 0.44 | ULH | Universal Logistics | PairCorr |
| 0.43 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Lithium Pink Sheet performing well and Lithium One 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 One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIT | 2.44 | (0.15) | 0.00 | (0.03) | 0.00 | 7.69 | 20.23 | |||
| TSN | 0.98 | 0.02 | (0.06) | 0.30 | 1.44 | 1.73 | 9.06 | |||
| QTWO | 1.64 | 0.36 | 0.25 | 0.37 | 1.26 | 3.82 | 18.28 | |||
| PINS | 1.64 | (0.15) | 0.00 | (0.04) | 0.00 | 2.79 | 17.91 | |||
| VLGEA | 1.45 | (0.16) | (0.04) | 0.02 | 1.82 | 2.46 | 17.87 | |||
| ASUR | 1.85 | 0.04 | 0.03 | 0.15 | 2.96 | 5.27 | 19.48 | |||
| NXPL | 3.08 | (0.44) | 0.00 | (21.69) | 0.00 | 4.88 | 34.56 | |||
| SIGRF | 0.36 | (0.14) | 0.00 | (0.91) | 0.00 | 0.00 | 14.63 |
Lithium One 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 Lithium One pink sheet to make a market-neutral strategy. Peer analysis of Lithium One could also be used in its relative valuation, which is a method of valuing Lithium One by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |