Standard Lithium Correlations

SLI Stock

USD 1.34 0.08 6.35%

The current 90-days correlation between Standard Lithium and Piedmont Lithium Ltd is 0.46 (i.e., Very weak diversification). The correlation of Standard Lithium 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.

Standard Lithium Correlation With Market

Modest diversification

The correlation between Standard Lithium and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Lithium and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Standard Stock please use our How to Invest in Standard Lithium guide.

Moving together with Standard Stock

0.68	CMP	Compass Minerals Int	Pair Corr
0.73	GSM	Ferroglobe PLC	Pair Corr
0.84	LAC	Lithium Americas Corp	Pair Corr
0.79	LAR	Lithium Argentina Symbol Change	Pair Corr
0.69	PLL	Piedmont Lithium	Pair Corr
0.64	IONR	ioneer American	Pair Corr
0.61	MTRN	Materion	Pair Corr
0.7	SGML	Sigma Lithium Resources	Pair Corr
0.68	TECK	Teck Resources	Pair Corr

Moving against Standard Stock

0.44	NB	NioCorp Developments	Pair Corr
0.4	TMC	TMC the metals	Pair Corr
0.35	VZLA	Vizsla Resources Corp	Pair Corr
0.35	NAK	Northern Dynasty Minerals	Pair Corr
0.33	SKE	Skeena Resources	Pair Corr
0.61	UAMY	United States Antimony	Pair Corr
0.51	CX	Cemex SAB de	Pair Corr
0.4	TMCWW	TMC the metals	Pair Corr
0.4	AU	AngloGold Ashanti plc	Pair Corr
0.36	XPL	Solitario Exploration	Pair Corr
0.32	NIOBW	NioCorp Developments	Pair Corr
0.31	USAS	Americas Silver Corp	Pair Corr

Related Correlations Analysis

	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF
LAC		0.91	-0.58	0.85	0.9	-0.14	0.32	0.81	0.0	0.27	LAC
PLL	0.91		-0.63	0.84	0.84	-0.26	0.37	0.87	0.0	0.32	PLL
NB	-0.58	-0.63		-0.31	-0.59	0.79	0.27	-0.58	0.0	0.05	NB
TECK	0.85	0.84	-0.31		0.77	0.1	0.6	0.8	0.0	0.42	TECK
SGML	0.9	0.84	-0.59	0.77		-0.15	0.34	0.85	0.0	0.34	SGML
MP	-0.14	-0.26	0.79	0.1	-0.15		0.46	-0.3	0.0	0.26	MP
VALE	0.32	0.37	0.27	0.6	0.34	0.46		0.43	0.0	0.75	VALE
SYAXF	0.81	0.87	-0.58	0.8	0.85	-0.3	0.43		0.0	0.36	SYAXF
AMLI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AMLI
AWLIF	0.27	0.32	0.05	0.42	0.34	0.26	0.75	0.36	0.0		AWLIF
	LAC	PLL	NB	TECK	SGML	MP	VALE	SYAXF	AMLI	AWLIF

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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

PLL	+ 0.91	LAC
SGML	+ 0.9	LAC
SYAXF	+ 0.87	PLL
TECK	+ 0.85	LAC
SYAXF	+ 0.85	SGML
TECK	+ 0.84	PLL

High negative correlations

NB	- 0.63	PLL
SGML	- 0.59	NB
SYAXF	- 0.58	NB
NB	- 0.58	LAC
TECK	- 0.31	NB
SYAXF	- 0.3	MP

Risk-Adjusted Indicators

There is a big difference between Standard Stock performing well and Standard 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 Standard 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
LAC	2.62	(0.37)	0.00	(0.24)	0.00	0.00	6.30	(5.41)	15.88
PLL	3.06	(0.55)	0.00	(0.40)	0.00	0.00	6.56	(6.99)	22.70
NB	3.96	0.67	0.15	0.55	3.94	(4.90)	9.40	(5.48)	26.96
TECK	1.35	(0.19)	0.00	(0.30)	0.00	0.00	2.14	(3.06)	9.78
SGML	2.31	(0.14)	0.00	(0.37)	0.00	0.00	4.55	(4.50)	15.82
MP	3.12	0.45	0.13	0.39	3.22	(3.78)	10.08	(5.30)	19.98
VALE	1.09	(0.01)	(0.01)	(0.05)	1.53	(1.10)	2.56	(2.62)	10.07
SYAXF	5.21	(0.28)	0.00	1.22	0.00	0.00	11.54	(11.33)	31.51
AMLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWLIF	9.25	1.60	0.13	0.64	9.72	(14.34)	29.44	(20.00)	71.05

Standard Lithium Corporate Management

Salah Gamoudi	Chief Officer	Profile
CPA CMA	Corporate Secretary	Profile
Robert Mintak	CEO Director	Profile
Michael Barman	Chief Officer	Profile

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