Stria Lithium Correlations

SRCAF Stock

USD 0.04 0.00 0.00%

The current 90-days correlation between Stria Lithium and Juggernaut Exploration is 0.1 (i.e., Average diversification). The correlation of Stria 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.

Stria Lithium Correlation With Market

Good diversification

The correlation between Stria Lithium and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stria Lithium and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Stria 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 Stria 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 Stria 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 Stria Lithium to buy it.

Moving against Stria Pink Sheet

0.65	APLD	Applied Blockchain	Pair Corr
0.61	BHPLF	BHP Group Limited Downward Rally	Pair Corr
0.59	RTNTF	Rio Tinto Group	Pair Corr
0.56	BHP	BHP Group Limited	Pair Corr
0.54	AAUKF	Anglo American plc	Pair Corr
0.53	NVDA	NVIDIA	Pair Corr
0.52	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.5	BAC-PL	Bank of America	Pair Corr
0.47	GLNCY	Glencore PLC ADR	Pair Corr
0.47	CRWD	Crowdstrike Holdings	Pair Corr
0.46	RIO	Rio Tinto ADR	Pair Corr
0.46	ADSK	Autodesk	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.4	RTPPF	Rio Tinto Group	Pair Corr
0.39	GLCNF	Glencore PLC	Pair Corr
0.37	ALAB	Astera Labs, Common	Pair Corr

Related Correlations Analysis

	PNRLF	JUGRF	IMTCF	PGEZF	LTSRF	FLMMF	GGTHF	AVCVF	NGXXF
PNRLF		0.47	-0.22	-0.28	0.58	0.66	0.63	-0.36	0.03	PNRLF
JUGRF	0.47		0.17	-0.44	0.13	0.28	0.37	-0.7	-0.59	JUGRF
IMTCF	-0.22	0.17		0.4	-0.21	-0.21	-0.02	-0.08	-0.18	IMTCF
PGEZF	-0.28	-0.44	0.4		0.02	0.01	-0.12	0.48	0.6	PGEZF
LTSRF	0.58	0.13	-0.21	0.02		0.65	0.28	0.21	0.22	LTSRF
FLMMF	0.66	0.28	-0.21	0.01	0.65		0.39	0.14	0.42	FLMMF
GGTHF	0.63	0.37	-0.02	-0.12	0.28	0.39		-0.39	-0.03	GGTHF
AVCVF	-0.36	-0.7	-0.08	0.48	0.21	0.14	-0.39		0.61	AVCVF
NGXXF	0.03	-0.59	-0.18	0.6	0.22	0.42	-0.03	0.61		NGXXF
	PNRLF	JUGRF	IMTCF	PGEZF	LTSRF	FLMMF	GGTHF	AVCVF	NGXXF

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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

FLMMF	+ 0.66	PNRLF
FLMMF	+ 0.65	LTSRF
GGTHF	+ 0.63	PNRLF
NGXXF	+ 0.61	AVCVF
NGXXF	+ 0.6	PGEZF
LTSRF	+ 0.58	PNRLF

High negative correlations

AVCVF	- 0.7	JUGRF
NGXXF	- 0.59	JUGRF
PGEZF	- 0.44	JUGRF
AVCVF	- 0.39	GGTHF
AVCVF	- 0.36	PNRLF
PGEZF	- 0.28	PNRLF

Risk-Adjusted Indicators

There is a big difference between Stria Pink Sheet performing well and Stria 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 Stria 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
PNRLF	4.06	(0.43)	0.00	2.07	0.00	0.00	7.55	(9.76)	34.58
JUGRF	5.28	(0.86)	0.00	3.15	0.00	0.00	11.67	(13.41)	48.26
IMTCF	3.93	(0.02)	0.00	0.14	0.00	0.00	10.71	(7.14)	37.57
PGEZF	4.81	0.46	0.02	(0.20)	5.51	(12.51)	12.50	(11.11)	44.29
LTSRF	4.47	0.24	0.02	1.07	4.78	(7.66)	11.11	(6.67)	27.62
FLMMF	0.69	(0.09)	0.00	(0.08)	0.00	0.00	1.53	(1.58)	5.09
GGTHF	44.78	17.23	0.31	(3.38)	24.66	(150.00)	215.99	(69.60)	499.08
AVCVF	0.38	0.17	0.00	1.11	0.00	0.00	0.00	0.00	7.19
NGXXF	1.76	0.22	0.05	1.27	2.34	(1.95)	3.83	(3.21)	11.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stria 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.

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