Lithium Americas Correlations
| LAAC Stock | 3.30 0.06 1.85% |
The current 90-days correlation between Lithium Americas Corp and Steven Madden is 0.25 (i.e., Modest diversification). The correlation of Lithium Americas 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.
Lithium Americas Correlation With Market
Modest diversification
The correlation between Lithium Americas Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithium Americas Corp and DJI in the same portfolio, assuming nothing else is changed.
Lithium |
Moving together with Lithium Stock
| 0.86 | MP | MP Materials Corp | PairCorr |
| 0.81 | CMP | Compass Minerals Int | PairCorr |
| 0.7 | EMX | EMX Royalty Corp | PairCorr |
| 0.68 | IPX | IperionX Limited American | PairCorr |
| 0.7 | LAC | Lithium Americas Corp | PairCorr |
| 0.69 | LGO | Largo Resources | PairCorr |
| 0.86 | PLL | Piedmont Lithium | PairCorr |
| 0.68 | SKE | Skeena Resources | PairCorr |
| 0.9 | SLI | Standard Lithium | PairCorr |
| 0.87 | IONR | ioneer American | PairCorr |
| 0.91 | NEXA | Nexa Resources SA | PairCorr |
| 0.68 | USGOW | US GoldMining Warrant | PairCorr |
Moving against Lithium Stock
| 0.74 | BYU | BAIYU Holdings | PairCorr |
| 0.42 | ELBM | Electra Battery Materials | PairCorr |
| 0.74 | KNBWY | Kirin Holdings | PairCorr |
| 0.69 | ERLFF | Entree Resources | PairCorr |
| 0.55 | XPL | Solitario Exploration | PairCorr |
| 0.46 | LITM | Snow Lake Resources | PairCorr |
| 0.44 | TMCWW | TMC the metals | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lithium Stock performing well and Lithium Americas 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 Lithium Americas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHOO | 1.34 | (0.06) | (0.05) | 0.04 | 1.68 | 2.96 | 8.41 | |||
| EML | 1.65 | (0.13) | 0.00 | (0.12) | 0.00 | 3.39 | 11.83 | |||
| APGE | 2.77 | (0.16) | 0.00 | (0.04) | 0.00 | 5.29 | 18.30 | |||
| IPAR | 1.37 | 0.05 | 0.03 | 0.16 | 1.94 | 2.61 | 8.04 | |||
| PG | 0.72 | 0.10 | (0.03) | (1.09) | 0.77 | 1.74 | 4.66 | |||
| REGN | 1.17 | (0.79) | 0.00 | (0.85) | 0.00 | 1.17 | 11.18 | |||
| NUVL | 2.22 | 0.09 | 0.06 | 0.17 | 2.76 | 3.84 | 36.85 |
Lithium Americas Corporate Management
| Jos Aggio | VP Officer | Profile | |
| Kelly OBrien | VP ESG | Profile | |
| Aubree PHR | Vice Resources | Profile | |
| Virginia Morgan | Vice ESG | Profile | |
| Dennis PE | Senior Development | Profile |