Standard Lithium Correlations

SLI Stock

USD 5.65 0.48 9.28%

The current 90-days correlation between Standard Lithium and Compass Minerals International is 0.25 (i.e., Modest 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

Poor diversification

The correlation between Standard Lithium and DJI is 0.74 (i.e., Poor 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.

Build AI portfolio with Standard Stock

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 various price indices.

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

0.73	PEX	Peel Mining	Pair Corr
0.78	USL	Unico Silver	Pair Corr
0.61	BRVVF	Quantum Battery Metals	Pair Corr
0.8	000603	Shengda Mining	Pair Corr
0.83	BHP	BHP Group Limited	Pair Corr
0.71	AMI	Aurelia Metals	Pair Corr
0.67	MTB	Mount Burgess Mining	Pair Corr
0.68	TGN	Tungsten Mining NL	Pair Corr
0.8	002149	Western Metal Materials	Pair Corr
0.74	TSLV	Tier One Silver	Pair Corr
0.62	HOR	Horseshoe Metals	Pair Corr
0.65	BNZ	BENZ Mining Corp	Pair Corr

Moving against Standard Stock

0.64	VML	Vital Metals	Pair Corr
0.51	EMT	Emetals	Pair Corr
0.35	DY6	DY6 Metals	Pair Corr
0.31	SUH	Southern Hemisphere	Pair Corr
0.8	RMI	Resource Mining	Pair Corr
0.54	MGU	Magnum Mining Earnings Call This Week	Pair Corr
0.48	DKM	Duketon Mining	Pair Corr
0.46	CZN	Corazon Mining	Pair Corr
0.35	AS2	Askari Metals	Pair Corr

Related Correlations Analysis

	CMP	NEXA	LAR	GSM	TMQ	GTI	SGML	CPAC	UAMY	ODC
CMP		0.92	0.93	0.59	0.68	-0.64	0.76	0.8	0.17	-0.13	CMP
NEXA	0.92		0.95	0.52	0.59	-0.66	0.85	0.85	-0.01	-0.31	NEXA
LAR	0.93	0.95		0.5	0.61	-0.57	0.82	0.74	0.07	-0.21	LAR
GSM	0.59	0.52	0.5		0.86	-0.5	0.39	0.5	0.44	-0.02	GSM
TMQ	0.68	0.59	0.61	0.86		-0.48	0.4	0.47	0.65	0.16	TMQ
GTI	-0.64	-0.66	-0.57	-0.5	-0.48		-0.56	-0.77	-0.21	0.28	GTI
SGML	0.76	0.85	0.82	0.39	0.4	-0.56		0.79	-0.29	-0.64	SGML
CPAC	0.8	0.85	0.74	0.5	0.47	-0.77	0.79		-0.09	-0.42	CPAC
UAMY	0.17	-0.01	0.07	0.44	0.65	-0.21	-0.29	-0.09		0.68	UAMY
ODC	-0.13	-0.31	-0.21	-0.02	0.16	0.28	-0.64	-0.42	0.68		ODC
	CMP	NEXA	LAR	GSM	TMQ	GTI	SGML	CPAC	UAMY	ODC

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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

LAR	+ 0.95	NEXA
LAR	+ 0.93	CMP
NEXA	+ 0.92	CMP
TMQ	+ 0.86	GSM
SGML	+ 0.85	NEXA
CPAC	+ 0.85	NEXA

High negative correlations

CPAC	- 0.77	GTI
GTI	- 0.66	NEXA
ODC	- 0.64	SGML
GTI	- 0.64	CMP
GTI	- 0.57	LAR
SGML	- 0.56	GTI

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
CMP	2.41	0.39	0.12	0.27	3.18	(2.61)	4.98	(3.43)	19.48
NEXA	3.08	1.30	0.51	1.54	1.87	(4.10)	7.45	(3.52)	15.16
LAR	3.50	1.13	0.31	1.22	3.00	(4.34)	9.27	(5.96)	22.80
GSM	2.47	0.00	0.00	0.07	3.33	(2.48)	5.66	(5.47)	19.69
TMQ	3.92	0.06	0.01	0.11	5.12	(4.20)	7.81	(7.64)	32.56
GTI	8.61	0.60	0.03	(0.37)	14.30	(9.66)	19.74	(10.95)	128.11
SGML	6.87	1.63	0.20	(1.88)	6.77	(8.18)	15.91	(13.89)	48.40
CPAC	2.60	1.06	0.38	(0.63)	1.66	(3.47)	4.20	(2.74)	57.41
UAMY	6.61	(0.05)	(0.01)	0.02	7.32	(8.10)	15.85	(11.07)	30.61
ODC	1.66	(0.05)	(0.02)	0.01	2.82	(1.63)	3.16	(3.03)	15.64

Standard Lithium Corporate Management

Salah Gamoudi	Chief Officer	Profile
CPA CMA	Corporate Secretary	Profile
Robert Mintak	CEO Director	Profile
Brandi McDonald	Vice Accounting	Profile
Salah CPA	Chief Officer	Profile

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