Lynas Rare Correlations

LYSCF Stock

USD 4.59 0.04 0.86%

The current 90-days correlation between Lynas Rare Earths and Boliden AB ADR is 0.25 (i.e., Modest diversification). The correlation of Lynas Rare 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.

Lynas Rare Correlation With Market

Good diversification

The correlation between Lynas Rare Earths and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lynas Rare Earths and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Lynas Pink Sheet

0.64	AXP	American Express	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.5	CAT	Caterpillar	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.43	MSFT	Microsoft	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr
0.38	WMT	Walmart	Pair Corr
0.35	CNCK	Coincheck Group NV	Pair Corr
0.35	PFE	Pfizer Inc	Pair Corr
0.31	GLNCY	Glencore PLC ADR	Pair Corr

Related Correlations Analysis

	ARAAF	ANSNF	AXVEF	BDNNY	REEMF	UURAF	SHCMF	ARAFF	TMRC	CMRZF
ARAAF		-0.61	0.12	0.13	0.0	0.21	-0.3	0.11	0.2	-0.08	ARAAF
ANSNF	-0.61		-0.11	-0.2	0.0	-0.08	0.41	-0.17	-0.33	0.14	ANSNF
AXVEF	0.12	-0.11		0.73	0.0	0.35	0.02	0.68	0.46	-0.16	AXVEF
BDNNY	0.13	-0.2	0.73		0.0	0.37	0.2	0.8	0.73	0.26	BDNNY
REEMF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	REEMF
UURAF	0.21	-0.08	0.35	0.37	0.0		0.08	0.53	0.28	0.27	UURAF
SHCMF	-0.3	0.41	0.02	0.2	0.0	0.08		0.07	0.08	0.43	SHCMF
ARAFF	0.11	-0.17	0.68	0.8	0.0	0.53	0.07		0.59	0.07	ARAFF
TMRC	0.2	-0.33	0.46	0.73	0.0	0.28	0.08	0.59		0.13	TMRC
CMRZF	-0.08	0.14	-0.16	0.26	0.0	0.27	0.43	0.07	0.13		CMRZF
	ARAAF	ANSNF	AXVEF	BDNNY	REEMF	UURAF	SHCMF	ARAFF	TMRC	CMRZF

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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

ARAFF	+ 0.8	BDNNY
BDNNY	+ 0.73	AXVEF
TMRC	+ 0.73	BDNNY
ARAFF	+ 0.68	AXVEF
TMRC	+ 0.59	ARAFF
ARAFF	+ 0.53	UURAF

High negative correlations

ANSNF	- 0.61	ARAAF
TMRC	- 0.33	ANSNF
SHCMF	- 0.3	ARAAF
BDNNY	- 0.2	ANSNF
ARAFF	- 0.17	ANSNF
CMRZF	- 0.16	AXVEF

Risk-Adjusted Indicators

There is a big difference between Lynas Pink Sheet performing well and Lynas Rare 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 Lynas Rare'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
ARAAF	2.67	0.08	0.00	(0.01)	0.00	0.00	5.88	(7.89)	21.01
ANSNF	4.51	0.80	0.00	(1.71)	0.00	0.00	21.00	(7.19)	87.08
AXVEF	4.23	1.53	0.00	1.32	0.00	0.00	9.09	(8.33)	102.88
BDNNY	1.51	0.31	0.19	0.53	1.64	(1.69)	3.18	(2.91)	17.39
REEMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UURAF	3.75	0.68	0.12	0.42	4.16	(5.18)	7.69	(8.16)	33.46
SHCMF	3.60	(0.15)	0.00	0.01	0.00	0.00	8.97	(14.71)	66.55
ARAFF	7.23	1.19	0.11	(1.31)	7.58	(12.06)	18.18	(12.50)	56.67
TMRC	5.61	0.85	0.12	1.20	5.71	(7.95)	12.20	(8.89)	48.33
CMRZF	2.47	0.34	0.00	1.26	0.00	0.00	16.67	(9.00)	36.67

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Our tools can tell you how much better you can do entering a position in Lynas Rare 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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Lynas Rare Corporate Management

Daniel Havas	VP Relations	Profile
Gaudenz Sturzenegger	Chief Officer	Profile
PNA NIA	Consultant	Profile
Grant McAuliffe	Gen Plant	Profile
ATCL BA	CEO MD	Profile

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