Sayona Mining Correlations

SYAXF Stock

USD 0.01 0.0007 4.67%

The current 90-days correlation between Sayona Mining Limited and Core Lithium is -0.04 (i.e., Good diversification). The correlation of Sayona Mining 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.

Sayona Mining Correlation With Market

Good diversification

The correlation between Sayona Mining Limited and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sayona Mining Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sayona Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sayona Mining 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 Sayona Mining - 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 Sayona Mining Limited to buy it.

Moving together with Sayona OTC Stock

0.69	BHPLF	BHP Group Limited	Pair Corr
0.77	BHP	BHP Group Limited	Pair Corr
0.62	RTPPF	Rio Tinto Group	Pair Corr
0.74	RIO	Rio Tinto ADR	Pair Corr
0.74	GLCNF	Glencore PLC	Pair Corr
0.77	GLNCY	Glencore PLC ADR	Pair Corr
0.71	AAGH	America Great Health	Pair Corr
0.75	MMAT	Meta Materials	Pair Corr

Moving against Sayona OTC Stock

0.39	STI	Solidion Technology Symbol Change	Pair Corr
0.83	MRVL	Marvell Technology Buyout Trend	Pair Corr
0.83	ZVIA	Zevia Pbc	Pair Corr
0.82	BRID	Bridgford Foods Earnings Call This Week	Pair Corr
0.77	SATX	SatixFy Communications	Pair Corr
0.73	CCRD	CoreCard Corp	Pair Corr
0.66	RNMBF	Rheinmetall AG	Pair Corr
0.6	GILD	Gilead Sciences	Pair Corr
0.6	WNW	Meiwu Technology	Pair Corr
0.52	GRMN	Garmin	Pair Corr
0.51	AHR	American Healthcare REIT,	Pair Corr
0.49	CRFQF	Zedcor Inc	Pair Corr
0.44	COEP	Coeptis Therapeutics	Pair Corr
0.39	FPAY	FlexShopper	Pair Corr
0.35	PRVA	Privia Health Group	Pair Corr
0.86	JBL	Jabil Circuit	Pair Corr
0.8	ACHR	Archer Aviation	Pair Corr
0.75	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.72	AAP	Advance Auto Parts	Pair Corr
0.67	WMT	Walmart	Pair Corr
0.6	KTOS	Kratos Defense Security	Pair Corr

Related Correlations Analysis

	PFFOF	CXOXF	GBLEF	LPDNF	OROCF	LINRF	CRECF	LTHHF	LLKKF	AZLAF
PFFOF		0.75	-0.36	0.74	-0.81	0.74	0.77	0.07	0.89	0.44	PFFOF
CXOXF	0.75		-0.37	0.77	-0.73	0.81	0.77	0.14	0.7	0.36	CXOXF
GBLEF	-0.36	-0.37		-0.57	0.41	-0.64	-0.34	-0.16	-0.41	0.01	GBLEF
LPDNF	0.74	0.77	-0.57		-0.85	0.94	0.84	0.21	0.77	0.3	LPDNF
OROCF	-0.81	-0.73	0.41	-0.85		-0.84	-0.8	0.07	-0.83	-0.33	OROCF
LINRF	0.74	0.81	-0.64	0.94	-0.84		0.78	0.14	0.76	0.27	LINRF
CRECF	0.77	0.77	-0.34	0.84	-0.8	0.78		0.33	0.82	0.38	CRECF
LTHHF	0.07	0.14	-0.16	0.21	0.07	0.14	0.33		0.04	0.04	LTHHF
LLKKF	0.89	0.7	-0.41	0.77	-0.83	0.76	0.82	0.04		0.4	LLKKF
AZLAF	0.44	0.36	0.01	0.3	-0.33	0.27	0.38	0.04	0.4		AZLAF
	PFFOF	CXOXF	GBLEF	LPDNF	OROCF	LINRF	CRECF	LTHHF	LLKKF	AZLAF

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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

LINRF	+ 0.94	LPDNF
LLKKF	+ 0.89	PFFOF
CRECF	+ 0.84	LPDNF
LLKKF	+ 0.82	CRECF
LINRF	+ 0.81	CXOXF
CRECF	+ 0.78	LINRF

High negative correlations

OROCF	- 0.85	LPDNF
LINRF	- 0.84	OROCF
LLKKF	- 0.83	OROCF
OROCF	- 0.81	PFFOF
CRECF	- 0.8	OROCF
OROCF	- 0.73	CXOXF

Risk-Adjusted Indicators

There is a big difference between Sayona OTC Stock performing well and Sayona Mining OTC Stock 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 Sayona Mining'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
PFFOF	7.59	0.17	0.01	0.58	9.67	(15.83)	31.53	(23.91)	72.88
CXOXF	7.39	0.02	0.00	(0.37)	9.74	(9.79)	17.86	(16.70)	76.04
GBLEF	6.24	1.00	0.05	0.31	8.76	(23.97)	18.63	(11.50)	105.35
LPDNF	6.08	(3.15)	0.00	(1.93)	0.00	0.00	0.00	(33.33)	94.44
OROCF	2.21	0.34	0.13	7.04	2.22	(2.55)	4.79	(4.07)	18.10
LINRF	3.22	(0.45)	0.00	(5.21)	0.00	0.00	5.88	(7.27)	17.68
CRECF	3.40	(0.80)	0.00	(0.54)	0.00	0.00	8.00	(7.41)	24.19
LTHHF	4.58	(0.13)	0.00	(0.23)	0.00	0.00	9.52	(9.52)	27.19
LLKKF	6.28	0.30	0.03	(0.39)	7.17	(7.97)	10.00	(13.67)	88.31
AZLAF	15.65	1.63	0.06	(0.29)	17.24	(26.12)	45.00	(33.33)	127.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sayona Mining 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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Sayona Mining Corporate Management

Elected by the shareholders, the Sayona Mining's board of directors comprises two types of representatives: Sayona Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sayona. The board's role is to monitor Sayona Mining's management team and ensure that shareholders' interests are well served. Sayona Mining'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, Sayona Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

Acc CPA	Company Director	Profile
Brett Lynch	MD CEO	Profile
Cindy Valence	Ex Officer	Profile
Guy Eng	Ex Pres	Profile
Mike Seed	Group Mang	Profile
Michael Whillier	Group Controller	Profile
Carl Corriveau	VP Exploration	Profile

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