Standard Lithium Correlations

SLI Stock

USD 1.76 0.03 1.73%

The current 90-days correlation between Standard Lithium and Piedmont Lithium Ltd is -0.04 (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

Average diversification

The correlation between Standard Lithium and DJI is 0.13 (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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Standard Stock please use our How to Invest in Standard Lithium guide.

Moving together with Standard Stock

0.84	MP	MP Materials Corp	Pair Corr
0.73	CMP	Compass Minerals Int	Pair Corr
0.66	EMX	EMX Royalty Corp	Pair Corr
0.61	FURY	Fury Gold Mines	Pair Corr
0.63	IPX	IperionX Limited American	Pair Corr
0.76	LAC	Lithium Americas Corp	Pair Corr
0.74	LGO	Largo Resources	Pair Corr
0.86	PLL	Piedmont Lithium	Pair Corr
0.71	SKE	Skeena Resources	Pair Corr
0.63	WWR	Westwater Resources	Pair Corr
0.61	JAPSY	Japan Airlines	Pair Corr
0.89	IONR	ioneer American	Pair Corr
0.91	LAAC	Lithium Americas Corp	Pair Corr
0.87	NEXA	Nexa Resources SA	Pair Corr

Moving against Standard Stock

0.62	BYU	BAIYU Holdings	Pair Corr
0.38	ELBM	Electra Battery Materials	Pair Corr
0.77	KNBWY	Kirin Holdings	Pair Corr
0.74	ERLFF	Entree Resources	Pair Corr
0.57	XPL	Solitario Exploration	Pair Corr
0.56	TMCWW	TMC the metals	Pair Corr
0.42	LITM	Snow Lake Resources	Pair Corr

Related Correlations Analysis

	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF
LAC		0.76	-0.48	-0.06	0.74	0.79	-0.17	0.54	0.7	-0.57	LAC
PLL	0.76		-0.35	0.21	0.81	0.81	0.07	0.7	0.9	-0.3	PLL
NB	-0.48	-0.35		0.34	-0.22	-0.36	0.5	-0.04	-0.21	0.46	NB
TECK	-0.06	0.21	0.34		0.42	0.33	0.85	0.46	0.32	0.1	TECK
SGML	0.74	0.81	-0.22	0.42		0.9	0.22	0.83	0.86	-0.45	SGML
MP	0.79	0.81	-0.36	0.33	0.9		0.17	0.72	0.85	-0.54	MP
VALE	-0.17	0.07	0.5	0.85	0.22	0.17		0.35	0.13	0.25	VALE
SYAXF	0.54	0.7	-0.04	0.46	0.83	0.72	0.35		0.72	-0.38	SYAXF
AMLI	0.7	0.9	-0.21	0.32	0.86	0.85	0.13	0.72		-0.37	AMLI
AWLIF	-0.57	-0.3	0.46	0.1	-0.45	-0.54	0.25	-0.38	-0.37		AWLIF
	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AMLI	+ 0.9	PLL
MP	+ 0.9	SGML
AMLI	+ 0.86	SGML
VALE	+ 0.85	TECK
AMLI	+ 0.85	MP
SYAXF	+ 0.83	SGML

High negative correlations

AWLIF	- 0.57	LAC
AWLIF	- 0.54	MP
NB	- 0.48	LAC
AWLIF	- 0.45	SGML
AWLIF	- 0.38	SYAXF
AWLIF	- 0.37	AMLI

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
LAC	4.63	0.57	0.16	0.47	3.99	(5.88)	10.63	(7.35)	32.09
PLL	6.26	1.05	0.11	(0.45)	5.62	(7.92)	15.69	(9.30)	34.61
NB	3.49	(0.62)	0.00	(0.74)	0.00	0.00	5.33	(8.00)	28.43
TECK	1.76	(0.16)	(0.05)	0.00	2.63	(1.62)	3.96	(4.64)	11.11
SGML	3.31	0.29	0.10	0.31	3.11	(4.11)	7.65	(4.78)	21.69
MP	2.35	0.55	0.24	0.49	1.93	(2.77)	7.34	(3.74)	17.15
VALE	1.51	(0.10)	0.00	(0.11)	0.00	0.00	3.72	(3.49)	11.97
SYAXF	5.70	0.70	0.06	(0.84)	6.60	(6.31)	15.79	(11.76)	39.17
AMLI	5.96	0.89	0.15	0.56	5.65	(8.70)	17.72	(8.33)	61.72
AWLIF	4.61	(0.33)	0.00	(0.12)	0.00	0.00	8.33	(8.33)	30.95

Standard Lithium Corporate Management

Salah Gamoudi	Chief Officer	Profile
CPA CMA	Corporate Secretary	Profile
Robert Mintak	CEO Director	Profile
Michael Barman	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC