Standard Lithium Correlations
S5L Stock | EUR 1.59 0.06 3.64% |
The current 90-days correlation between Standard Lithium and BHP Group Limited is -0.17 (i.e., Good diversification). The correlation of Standard 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.
Standard Lithium Correlation With Market
Good diversification
The correlation between Standard Lithium and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Lithium and DJI in the same portfolio, assuming nothing else is changed.
Standard |
The ability to find closely correlated positions to Standard 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 Standard 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 Standard 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 Standard Lithium to buy it.
Moving together with Standard Stock
0.61 | BHP1 | BHP Group Limited | PairCorr |
0.72 | NGLD | ANGLO AMERICAN SPADR | PairCorr |
0.73 | NGLB | Anglo American plc | PairCorr |
0.71 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Standard Stock
0.7 | DBPD | Xtrackers ShortDAX | PairCorr |
0.64 | 03F | IDP EDUCATION LTD | PairCorr |
0.53 | 4Y7 | PLATO GOLD P | PairCorr |
0.41 | TEY | Teradyne | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Standard 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.Did you try this?
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Standard Lithium Corporate Management
Elected by the shareholders, the Standard Lithium's board of directors comprises two types of representatives: Standard Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Standard. The board's role is to monitor Standard Lithium's management team and ensure that shareholders' interests are well served. Standard 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, Standard Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
CPA CMA | CFO Sec | Profile | |
Robert Mintak | CEO Director | Profile | |
Anthony Alvaro | Co Founder | Profile | |
Andrew Robinson | COO Pres | Profile | |
Jason Tielker | VP Delivery | Profile |