American Battery Correlations

ABAT Stock

0.93 0.02 2.11%

The current 90-days correlation between American Battery Tec and Fluent Inc is -0.15 (i.e., Good diversification). The correlation of American Battery 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.

American Battery Correlation With Market

Modest diversification

The correlation between American Battery Technology and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Battery Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with American Stock

0.65	NMG	Nouveau Monde Graphite	Pair Corr
0.62	XPL	Solitario Exploration	Pair Corr
0.67	LITM	Snow Lake Resources	Pair Corr

Moving against American Stock

0.64	TMQ	Trilogy Metals	Pair Corr
0.56	CMP	Compass Minerals Int	Pair Corr
0.51	IPX	IperionX Limited American	Pair Corr
0.48	NAK	Northern Dynasty Minerals	Pair Corr
0.4	MP	MP Materials Corp	Pair Corr
0.4	LZM	Lifezone Metals	Pair Corr
0.36	LAC	Lithium Americas Corp	Pair Corr
0.62	REEMF	Rare Element Resources	Pair Corr
0.61	JAPSY	Japan Airlines	Pair Corr
0.41	SGML	Sigma Lithium Resources	Pair Corr
0.38	NEXA	Nexa Resources SA	Pair Corr
0.36	USGOW	US GoldMining Warrant	Pair Corr
0.35	SMTSF	Sierra Metals	Pair Corr
0.32	MTRN	Materion	Pair Corr

Related Correlations Analysis

	FLNT	CC	MCHX	SBFFY	FSI	ORGN	OGSM	ECL
FLNT		0.16	0.15	-0.05	0.2	0.09	0.0	0.41	FLNT
CC	0.16		0.13	0.31	0.45	-0.31	0.0	-0.08	CC
MCHX	0.15	0.13		-0.41	-0.37	0.32	0.0	0.29	MCHX
SBFFY	-0.05	0.31	-0.41		0.68	-0.72	0.0	-0.29	SBFFY
FSI	0.2	0.45	-0.37	0.68		-0.6	0.0	-0.16	FSI
ORGN	0.09	-0.31	0.32	-0.72	-0.6		0.0	0.51	ORGN
OGSM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OGSM
ECL	0.41	-0.08	0.29	-0.29	-0.16	0.51	0.0		ECL
	FLNT	CC	MCHX	SBFFY	FSI	ORGN	OGSM	ECL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FSI	+ 0.68	SBFFY
ECL	+ 0.51	ORGN
FSI	+ 0.45	CC
ECL	+ 0.41	FLNT
ORGN	+ 0.32	MCHX
SBFFY	+ 0.31	CC

High negative correlations

ORGN	- 0.72	SBFFY
ORGN	- 0.6	FSI
SBFFY	- 0.41	MCHX
FSI	- 0.37	MCHX
ORGN	- 0.31	CC
ECL	- 0.29	SBFFY

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Battery 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 American Battery'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
FLNT	3.52	0.12	(0.01)	(0.46)	3.76	(4.25)	8.58	(6.28)	22.85
CC	2.25	0.07	0.06	0.18	2.12	(2.83)	4.67	(3.97)	18.86
MCHX	2.48	(0.11)	0.00	(0.20)	0.00	0.00	6.21	(5.14)	16.97
SBFFY	0.38	0.08	0.00	(0.53)	0.00	0.00	0.00	0.00	13.29
FSI	2.34	0.32	0.06	1.21	2.95	(2.70)	6.31	(4.52)	22.22
ORGN	3.03	(0.27)	(0.03)	0.00	3.89	(4.00)	8.70	(6.71)	26.74
OGSM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECL	0.73	(0.07)	(0.14)	(0.01)	0.96	(0.69)	1.43	(1.11)	4.42

American Battery Corporate Management

Steven Wu	Chief Officer	Profile
Ross Leisinger	Head Resources	Profile
Jesse Deutsch	Chief Officer	Profile
Bret Meich	General Secretary	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