Standard Lithium Correlations
| SLI Stock | 2.25 0.08 3.69% |
The current 90-days correlation between Standard Lithium and Sigma Lithium Resources is 0.37 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Standard Lithium Correlation With Market
Average diversification
The correlation between Standard Lithium and DJI is 0.17 (i.e., Average 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
| 0.82 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.73 | ORE | Orezone Gold Corp | PairCorr |
| 0.68 | FDY | Faraday Copper Corp | PairCorr |
Moving against Standard Stock
| 0.78 | WMT | Walmart Inc CDR | PairCorr |
| 0.71 | AMZN | Amazon CDR | PairCorr |
| 0.64 | BN | Brookfield Earnings Call This Week | PairCorr |
| 0.62 | COST | Costco Wholesale Corp | PairCorr |
| 0.6 | IBM | International Business | PairCorr |
| 0.52 | JPM | JPMorgan Chase | PairCorr |
| 0.45 | FDR | Flinders Resources | PairCorr |
| 0.32 | NUMI | Numinus Wellness | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Standard Stock performing well and Standard Lithium 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 Standard 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGML | 2.29 | (0.31) | 0.00 | 0.60 | 0.00 | 5.70 | 16.34 | |||
| LI | 4.08 | (0.91) | 0.00 | (5.40) | 0.00 | 7.69 | 39.66 | |||
| RCK | 4.27 | 0.01 | 0.00 | 0.07 | 0.00 | 11.00 | 36.43 | |||
| FL | 2.89 | (0.34) | 0.00 | (2.34) | 0.00 | 9.62 | 23.37 | |||
| LAC | 2.89 | (0.41) | 0.00 | (0.59) | 0.00 | 6.32 | 20.12 |
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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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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.
| Salah Gamoudi | Chief Officer | Profile | |
| CPA CMA | Corporate Secretary | Profile | |
| Robert Mintak | CEO Director | Profile | |
| Michael Barman | Chief Officer | Profile |