Patriot Battery Correlations

PMETF Stock

USD 2.09 0.06 2.79%

The current 90-days correlation between Patriot Battery Metals and Frontier Lithium is 0.06 (i.e., Significant diversification). The correlation of Patriot Battery 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.

Patriot Battery Correlation With Market

Average diversification

The correlation between Patriot Battery Metals and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patriot Battery Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Patriot OTC Stock

0.73

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Moving against Patriot OTC Stock

0.7	VLY	Valley National Bancorp	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.65	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.58	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	AA	Alcoa Corp	Pair Corr
0.47	T	ATT Inc Earnings Call This Week	Pair Corr
0.4	IBM	International Business Tech Boost	Pair Corr
0.39	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HANNF	ADBRF	LEMIF	ATMGF	REZZF	HECOF	NVSGF	NRGYF	ALTAF	LITOF
HANNF		0.15	-0.5	-0.27	0.29	-0.29	-0.21	-0.66	0.2	-0.72	HANNF
ADBRF	0.15		-0.33	-0.23	0.26	-0.37	-0.1	0.1	-0.2	-0.15	ADBRF
LEMIF	-0.5	-0.33		0.32	0.08	0.55	0.17	0.48	0.19	0.63	LEMIF
ATMGF	-0.27	-0.23	0.32		0.07	0.3	-0.07	0.32	0.28	0.36	ATMGF
REZZF	0.29	0.26	0.08	0.07		0.1	-0.1	0.13	0.47	0.03	REZZF
HECOF	-0.29	-0.37	0.55	0.3	0.1		0.03	0.23	0.23	0.54	HECOF
NVSGF	-0.21	-0.1	0.17	-0.07	-0.1	0.03		0.13	-0.02	0.2	NVSGF
NRGYF	-0.66	0.1	0.48	0.32	0.13	0.23	0.13		0.04	0.7	NRGYF
ALTAF	0.2	-0.2	0.19	0.28	0.47	0.23	-0.02	0.04		0.17	ALTAF
LITOF	-0.72	-0.15	0.63	0.36	0.03	0.54	0.2	0.7	0.17		LITOF
	HANNF	ADBRF	LEMIF	ATMGF	REZZF	HECOF	NVSGF	NRGYF	ALTAF	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

LITOF	+ 0.7	NRGYF
LITOF	+ 0.63	LEMIF
HECOF	+ 0.55	LEMIF
LITOF	+ 0.54	HECOF
NRGYF	+ 0.48	LEMIF
ALTAF	+ 0.47	REZZF

High negative correlations

LITOF	- 0.72	HANNF
NRGYF	- 0.66	HANNF
LEMIF	- 0.5	HANNF
HECOF	- 0.37	ADBRF
LEMIF	- 0.33	ADBRF
HECOF	- 0.29	HANNF

Risk-Adjusted Indicators

There is a big difference between Patriot OTC Stock performing well and Patriot Battery 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 Patriot Battery'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
HANNF	4.52	0.61	0.09	12.36	5.00	(5.43)	9.09	(9.26)	27.39
ADBRF	3.82	0.30	0.06	0.55	3.52	(6.36)	11.11	(7.53)	36.29
LEMIF	3.98	(0.12)	0.00	(0.99)	0.00	0.00	12.50	(8.57)	29.68
ATMGF	11.23	1.51	0.09	0.75	11.98	(17.12)	30.08	(27.12)	137.25
REZZF	9.28	0.73	0.06	0.70	10.21	(11.04)	20.25	(18.33)	60.44
HECOF	9.43	0.43	0.03	0.86	10.35	(11.61)	18.87	(17.50)	77.50
NVSGF	3.02	(0.35)	0.00	0.04	0.00	0.00	0.00	0.00	150.00
NRGYF	37.24	17.85	0.00	(1.33)	0.00	0.00	0.00	0.00	1,233
ALTAF	218.28	120.62	1.46	(1.32)	28.85	(714.95)	110.53	(67.50)	7,276
LITOF	3.13	(0.49)	0.00	(0.29)	0.00	0.00	6.90	(8.82)	24.15

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Our tools can tell you how much better you can do entering a position in Patriot Battery 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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