Arcadium Lithium Correlations
| ALTMDelisted Stock | USD 5.84 0.00 0.00% |
The current 90-days correlation between Arcadium Lithium Plc and RBC Bearings Incorporated is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcadium Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcadium Lithium Plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Arcadium Lithium Correlation With Market
Significant diversification
The correlation between Arcadium Lithium Plc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcadium Lithium Plc and DJI in the same portfolio, assuming nothing else is changed.
Arcadium |
Moving together with Arcadium Stock
| 0.8 | ATCOL | Atlas Corp | PairCorr |
| 0.65 | GCMGW | GCM Grosvenor | PairCorr |
| 0.92 | WM | Waste Management | PairCorr |
| 0.92 | T | ATT Inc Earnings Call Today | PairCorr |
| 0.82 | KO | Coca Cola | PairCorr |
| 0.82 | MMM | 3M Company | PairCorr |
| 0.68 | TRV | The Travelers Companies | PairCorr |
| 0.89 | IBM | International Business | PairCorr |
| 0.69 | CSCO | Cisco Systems | PairCorr |
| 0.75 | MCD | McDonalds | PairCorr |
Moving against Arcadium Stock
| 0.69 | AA | Alcoa Corp | PairCorr |
| 0.68 | PCTTW | PureCycle Technologies | PairCorr |
| 0.56 | CAT | Caterpillar | PairCorr |
| 0.49 | HPQ | HP Inc | PairCorr |
| 0.36 | AXP | American Express Sell-off Trend | PairCorr |
| 0.31 | BAC | Bank of America Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | -0.2 | 0.57 | -0.1 | 0.06 | RBC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALCIF | ||
| -0.2 | 0.0 | 0.29 | -0.03 | 0.18 | TRTN-PC | ||
| 0.57 | 0.0 | 0.29 | -0.06 | 0.47 | SWK | ||
| -0.1 | 0.0 | -0.03 | -0.06 | 0.45 | AL | ||
| 0.06 | 0.0 | 0.18 | 0.47 | 0.45 | R | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arcadium Stock performing well and Arcadium 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 Arcadium 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RBC | 1.24 | 0.07 | 0.06 | 0.02 | 1.35 | 3.35 | 11.50 | |||
| ALCIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRTN-PC | 0.37 | (0.01) | 0.00 | (0.68) | 0.00 | 0.96 | 3.79 | |||
| SWK | 1.46 | 0.04 | 0.00 | (0.03) | 0.00 | 2.68 | 8.98 | |||
| AL | 1.45 | 0.03 | 0.00 | (0.04) | 0.00 | 2.33 | 12.57 | |||
| R | 1.36 | (0.15) | 0.00 | (0.22) | 0.00 | 3.03 | 8.98 |
Arcadium Lithium Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Arcadium Lithium stock to make a market-neutral strategy. Peer analysis of Arcadium Lithium could also be used in its relative valuation, which is a method of valuing Arcadium Lithium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Arcadium Lithium Corporate Management
| Sara JD | General VP | Profile | |
| Sara Ponessa | General VP | Profile | |
| Karen BPA | Chief Officer | Profile | |
| Sarah Maryssael | Chief Officer | Profile | |
| Barbara Fochtman | Chief Operations | Profile | |
| BACC CA | Chief Officer | Profile |
Still Interested in Arcadium Lithium Plc?
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