Lithium Corp Correlations

LTUM Stock

USD 0.03 0.0005 1.72%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lithium Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lithium Corp Correlation With Market

Significant diversification

The correlation between Lithium Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lithium Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lithium OTC Stock

0.77	GLCNF	Glencore PLC	Pair Corr
0.78	GLNCY	Glencore PLC ADR	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr

Moving against Lithium OTC Stock

0.78	UBER	Uber Technologies	Pair Corr
0.78	BFAM	Bright Horizons Family	Pair Corr
0.71	RSLBF	RaySearch Laboratories	Pair Corr
0.7	LH	Laboratory	Pair Corr
0.67	PLD	Prologis	Pair Corr
0.65	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.64	CYBQF	CYBERDYNE	Pair Corr
0.58	LAUR	Laureate Education	Pair Corr
0.47	COST	Costco Wholesale Corp	Pair Corr
0.31	RIO	Rio Tinto ADR	Pair Corr
0.79	T	ATT Inc	Pair Corr
0.78	KO	Coca Cola	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.7	IBM	International Business	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.57	VZ	Verizon Communications	Pair Corr
0.36	JPM	JPMorgan Chase	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr
0.32	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	ALTAF	LITOF	SAVNF	LTHCF	CVVUF	IIDDY	QNICF	NICMF	MALRF	SRGXF
ALTAF		0.07	0.34	-0.16	0.2	0.21	0.32	0.42	0.19	-0.19	ALTAF
LITOF	0.07		0.19	0.3	-0.31	-0.45	-0.27	-0.29	-0.85	-0.12	LITOF
SAVNF	0.34	0.19		0.01	0.24	-0.12	0.18	-0.13	-0.09	-0.29	SAVNF
LTHCF	-0.16	0.3	0.01		0.29	-0.37	-0.25	-0.2	-0.35	-0.15	LTHCF
CVVUF	0.2	-0.31	0.24	0.29		0.02	0.12	-0.02	0.52	-0.3	CVVUF
IIDDY	0.21	-0.45	-0.12	-0.37	0.02		0.18	0.5	0.35	-0.06	IIDDY
QNICF	0.32	-0.27	0.18	-0.25	0.12	0.18		0.39	0.36	-0.17	QNICF
NICMF	0.42	-0.29	-0.13	-0.2	-0.02	0.5	0.39		0.35	-0.01	NICMF
MALRF	0.19	-0.85	-0.09	-0.35	0.52	0.35	0.36	0.35		-0.01	MALRF
SRGXF	-0.19	-0.12	-0.29	-0.15	-0.3	-0.06	-0.17	-0.01	-0.01		SRGXF
	ALTAF	LITOF	SAVNF	LTHCF	CVVUF	IIDDY	QNICF	NICMF	MALRF	SRGXF

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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

MALRF	+ 0.52	CVVUF
NICMF	+ 0.5	IIDDY
NICMF	+ 0.42	ALTAF
NICMF	+ 0.39	QNICF
MALRF	+ 0.36	QNICF
MALRF	+ 0.35	IIDDY

High negative correlations

MALRF	- 0.85	LITOF
IIDDY	- 0.45	LITOF
IIDDY	- 0.37	LTHCF
MALRF	- 0.35	LTHCF
CVVUF	- 0.31	LITOF
SRGXF	- 0.3	CVVUF

Risk-Adjusted Indicators

There is a big difference between Lithium OTC Stock performing well and Lithium Corp OTC Stock 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 Corp'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
ALTAF	19.01	5.95	0.11	(4.30)	16.44	(62.17)	92.98	(39.57)	244.67
LITOF	3.76	0.38	0.09	12.87	3.97	(5.55)	10.34	(8.33)	21.15
SAVNF	2.98	0.41	0.04	0.35	4.41	(7.34)	15.95	(11.32)	43.89
LTHCF	2.69	0.21	0.04	0.12	3.39	(4.78)	7.41	(7.04)	21.33
CVVUF	3.22	(0.10)	0.00	(0.24)	0.00	0.00	6.78	(8.33)	21.28
IIDDY	1.17	(0.49)	0.00	12.78	0.00	0.00	0.00	(4.66)	22.49
QNICF	4.34	0.81	0.00	0.44	0.00	0.00	0.00	(15.38)	170.11
NICMF	2.44	(0.48)	0.00	0.85	0.00	0.00	5.56	(9.09)	28.39
MALRF	1.64	(0.65)	0.00	(16.09)	0.00	0.00	2.58	(6.45)	23.32
SRGXF	3.40	0.20	0.05	0.86	4.26	(4.87)	10.27	(9.59)	23.39

Be your own money manager

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