Lifezone Metals Correlations

LZM Stock

5.93 0.07 1.17%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lifezone Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lifezone Metals Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lifezone Metals Correlation With Market

Modest diversification

The correlation between Lifezone Metals Limited and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifezone Metals Limited 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 Lifezone Metals Limited. 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 Lifezone Stock

0.73	LAR	Lithium Argentina Symbol Change	Pair Corr
0.61	PLL	Piedmont Lithium Earnings Call This Week	Pair Corr
0.78	NEXA	Nexa Resources SA	Pair Corr

Moving against Lifezone Stock

0.86	NB	NioCorp Developments	Pair Corr
0.76	VZLA	Vizsla Resources Corp	Pair Corr
0.66	NAK	Northern Dynasty Minerals	Pair Corr
0.65	MP	MP Materials Corp Earnings Call This Week	Pair Corr
0.63	NMG	Nouveau Monde Graphite	Pair Corr
0.44	EMX	EMX Royalty Corp	Pair Corr
0.82	TMC	TMC the metals	Pair Corr
0.77	TMCWW	TMC the metals	Pair Corr
0.71	CRMLW	Critical Metals Corp	Pair Corr
0.68	WWR	Westwater Resources	Pair Corr
0.65	SKE	Skeena Resources	Pair Corr
0.63	XPL	Solitario Exploration	Pair Corr
0.52	TMQ	Trilogy Metals	Pair Corr
0.36	LITM	Snow Lake Resources	Pair Corr
0.85	USAS	Americas Silver Corp	Pair Corr
0.83	AU	AngloGold Ashanti plc	Pair Corr

Related Correlations Analysis

	AFYA	FQVTF	CRHKF	CCU	MESA	WVVIP	GZITF	BUD
AFYA		0.55	-0.06	0.1	-0.47	0.21	0.0	0.59	AFYA
FQVTF	0.55		-0.29	-0.15	-0.67	0.24	0.0	0.72	FQVTF
CRHKF	-0.06	-0.29		0.54	0.61	-0.38	0.0	-0.58	CRHKF
CCU	0.1	-0.15	0.54		0.53	-0.17	0.0	-0.46	CCU
MESA	-0.47	-0.67	0.61	0.53		-0.36	0.0	-0.93	MESA
WVVIP	0.21	0.24	-0.38	-0.17	-0.36		0.0	0.42	WVVIP
GZITF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GZITF
BUD	0.59	0.72	-0.58	-0.46	-0.93	0.42	0.0		BUD
	AFYA	FQVTF	CRHKF	CCU	MESA	WVVIP	GZITF	BUD

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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

BUD	+ 0.72	FQVTF
MESA	+ 0.61	CRHKF
BUD	+ 0.59	AFYA
FQVTF	+ 0.55	AFYA
CCU	+ 0.54	CRHKF
MESA	+ 0.53	CCU

High negative correlations

BUD	- 0.93	MESA
MESA	- 0.67	FQVTF
BUD	- 0.58	CRHKF
MESA	- 0.47	AFYA
BUD	- 0.46	CCU
WVVIP	- 0.38	CRHKF

Risk-Adjusted Indicators

There is a big difference between Lifezone Stock performing well and Lifezone Metals 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 Lifezone Metals' 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
AFYA	1.58	0.00	0.00	0.01	2.31	(1.50)	3.15	(3.80)	8.62
FQVTF	1.79	(0.13)	0.00	8.35	0.00	0.00	2.89	(4.00)	28.04
CRHKF	0.85	0.21	0.00	0.62	0.00	0.00	0.00	0.00	32.64
CCU	0.89	0.23	0.19	1.07	0.92	(0.99)	1.89	(1.65)	4.56
MESA	2.96	0.34	0.09	1.80	3.09	(4.10)	9.80	(6.38)	23.87
WVVIP	1.58	(0.02)	0.00	(0.05)	0.00	0.00	3.82	(3.67)	10.52
GZITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BUD	0.95	(0.12)	0.00	(0.20)	0.00	0.00	2.14	(2.02)	8.01

Lifezone Metals Corporate Management

David Petrie	Manager Communications	Profile
Mike Adams	Chief Officer	Profile
Ingo CFA	Chief Officer	Profile
Spencer Davis	Group Counsel	Profile
Natasha Liddell	Executive Officer	Profile
Gerick Mouton	Chief Officer	Profile
Dayna Dankbaar	Head People	Profile

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