Liontown Resources Correlations

LTR Stock

0.60 0.01 1.64%

The current 90-days correlation between Liontown Resources and Northern Star Resources is -0.1 (i.e., Good diversification). The correlation of Liontown Resources 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.

Liontown Resources Correlation With Market

Average diversification

The correlation between Liontown Resources and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liontown Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Liontown Stock

0.74	COL	Coles Group	Pair Corr
0.64	WES	Wesfarmers	Pair Corr
0.46	DEG	De Grey Mining	Pair Corr
0.4	ATM	Aneka Tambang Tbk	Pair Corr
0.31	CBA	Commonwealth Bank	Pair Corr

Related Correlations Analysis

	NST	EVN	BSL	SFR	DEG	ATM	PRU
NST		0.85	-0.08	0.3	0.19	-0.55	0.68	NST
EVN	0.85		0.05	0.44	0.55	-0.55	0.78	EVN
BSL	-0.08	0.05		0.66	0.2	-0.18	-0.13	BSL
SFR	0.3	0.44	0.66		0.21	-0.29	0.37	SFR
DEG	0.19	0.55	0.2	0.21		-0.28	0.25	DEG
ATM	-0.55	-0.55	-0.18	-0.29	-0.28		-0.13	ATM
PRU	0.68	0.78	-0.13	0.37	0.25	-0.13		PRU
	NST	EVN	BSL	SFR	DEG	ATM	PRU

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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

EVN	+ 0.85	NST
PRU	+ 0.78	EVN
PRU	+ 0.68	NST
SFR	+ 0.66	BSL
DEG	+ 0.55	EVN
SFR	+ 0.44	EVN

High negative correlations

ATM	- 0.55	EVN
ATM	- 0.55	NST
ATM	- 0.29	SFR
ATM	- 0.28	DEG
ATM	- 0.18	BSL
PRU	- 0.13	ATM

Risk-Adjusted Indicators

There is a big difference between Liontown Stock performing well and Liontown Resources 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 Liontown Resources' 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
NST	1.49	0.15	0.00	(0.15)	2.32	(1.47)	2.87	(5.08)	11.36
EVN	1.74	0.32	0.07	(0.33)	1.93	(2.00)	4.17	(3.49)	13.28
BSL	1.51	(0.07)	(0.02)	0.04	1.77	(1.62)	2.93	(2.99)	8.93
SFR	1.45	0.17	0.05	(7.96)	1.48	(1.67)	3.29	(2.46)	9.61
DEG	2.05	0.81	0.31	(0.74)	1.40	(2.90)	4.32	(2.56)	32.14
ATM	0.85	(0.06)	0.00	0.17	0.00	0.00	4.40	(0.97)	16.07
PRU	1.54	0.17	0.00	(0.12)	1.96	(1.70)	2.77	(2.70)	11.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Liontown Resources 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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Liontown Resources Corporate Management

Elected by the shareholders, the Liontown Resources' board of directors comprises two types of representatives: Liontown Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Liontown. The board's role is to monitor Liontown Resources' management team and ensure that shareholders' interests are well served. Liontown Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Liontown Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jamie Day	Exploration Manager	Profile
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