American Lithium Correlations

AMLM Stock

USD 0.03 0 11.01%

The current 90-days correlation between American Lithium Minerals and Bitterroot Resources is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Lithium Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

American Lithium Correlation With Market

Average diversification

The correlation between American Lithium Minerals and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Lithium Minerals and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American 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 American 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 American 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 American Lithium Minerals to buy it.

Moving together with American Pink Sheet

0.67	MAPSW	WM Technology	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.64	BAC	Bank of America Aggressive Push	Pair Corr
0.67	AXP	American Express	Pair Corr

Moving against American Pink Sheet

0.38	MCD	McDonalds	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	AMNL	ARTTF	SXOOF	ATMGF	AVRTF	AUMTF	ADTLF	BBBMF	AHELF	ALTAF
AMNL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMNL
ARTTF	0.0		0.24	0.17	0.0	0.6	0.45	0.38	0.66	0.06	ARTTF
SXOOF	0.0	0.24		0.11	0.0	0.35	0.24	0.39	0.3	0.56	SXOOF
ATMGF	0.0	0.17	0.11		0.0	0.39	0.62	0.51	0.45	-0.04	ATMGF
AVRTF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AVRTF
AUMTF	0.0	0.6	0.35	0.39	0.0		0.72	0.61	0.8	0.28	AUMTF
ADTLF	0.0	0.45	0.24	0.62	0.0	0.72		0.75	0.76	0.32	ADTLF
BBBMF	0.0	0.38	0.39	0.51	0.0	0.61	0.75		0.67	0.42	BBBMF
AHELF	0.0	0.66	0.3	0.45	0.0	0.8	0.76	0.67		0.1	AHELF
ALTAF	0.0	0.06	0.56	-0.04	0.0	0.28	0.32	0.42	0.1		ALTAF
	AMNL	ARTTF	SXOOF	ATMGF	AVRTF	AUMTF	ADTLF	BBBMF	AHELF	ALTAF

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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

AHELF	+ 0.8	AUMTF
AHELF	+ 0.76	ADTLF
BBBMF	+ 0.75	ADTLF
ADTLF	+ 0.72	AUMTF
AHELF	+ 0.67	BBBMF
AHELF	+ 0.66	ARTTF

High negative correlations

ALTAF	- 0.04	ATMGF
ALTAF	- 0.0	AVRTF
AHELF	- 0.0	AVRTF
BBBMF	- 0.0	AVRTF
ADTLF	- 0.0	AVRTF
AUMTF	- 0.0	AVRTF

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American 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 American 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
AMNL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARTTF	43.04	17.25	0.27	0.65	21.97	(175.16)	133.33	(56.00)	761.32
SXOOF	6.53	1.08	0.17	0.47	5.46	(9.35)	20.93	(8.16)	47.85
ATMGF	10.67	2.02	0.13	1.07	10.21	(16.54)	23.36	(21.21)	142.14
AVRTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUMTF	0.25	0.12	0.00	(0.38)	0.00	0.00	0.00	0.00	8.33
ADTLF	1.69	0.16	0.04	0.36	1.90	(4.15)	5.56	(4.53)	15.47
BBBMF	7.01	2.07	0.09	4.65	6.71	(35.14)	18.75	(12.73)	130.70
AHELF	0.84	0.28	0.00	(0.73)	0.00	0.00	0.00	0.00	20.00
ALTAF	11.38	4.22	0.00	(1.04)	0.00	0.00	83.33	(9.09)	169.52

Be your own money manager

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