Lithium Americas Correlations

LAC Stock  CAD 27.42  1.38  4.79%   
The correlation of Lithium Americas is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Correlation Analysis to better understand how to build diversified portfolios.
The ability to find closely correlated positions to Lithium Americas 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 Americas 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 Americas - 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 Americas Corp to buy it.

Moving together with Lithium Stock

+0.61NEXTNextSource MaterialsPairCorr
+0.64TSLTree Island SteelPairCorr
+0.62LIFLabrador Iron OrePairCorr
+0.82CHE-UNChemtrade LogisticsPairCorr
+0.67GLOGlobal Atomic CorpPairCorr

Moving against Lithium Stock

-0.74MNTRoyal Canadian MintPairCorr
-0.72MAGMAG Silver CorpPairCorr
-0.43WRNWestern Copper AndPairCorr
-0.41TECK-ATeck ResourcesPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   

Risk-Adjusted Indicators

Nowadays, there is a big difference between Lithium Stock performing well and Lithium Americas company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Lithium Americas' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
ALS 1.32  0.06  0.06  0.10  1.58  0.06 (1.40)  2.69 (2.82)  6.87 
FT 1.72 (0.39)  0.00  1.00  0.00 (0.06)  0.00  0.00  0.00  42.86 
IVN 2.03 (0.03)  0.00 (0.26)  0.00  0.0075  0.00  4.07 (4.63)  13.20 
TI 2.93 (0.27)  0.00 (0.30)  0.00 (0.07)  0.00  6.78 (5.66)  18.24 
NB 3.25 (0.65)  0.00 (0.70)  0.00 (0.14)  0.00  7.03 (8.31)  29.61 
ERD 2.50  0.12  0.04  0.16  2.91  0.0453 (3.69)  5.88 (5.71)  13.89 
ASND 3.35 (0.17)  0.00  0.50  0.00 (0.016)  0.00  9.52 (9.09)  24.52 
SILV 5.37 (0.43)  0.00  0.78  0.00 (0.0399)  0.00  8.33 (9.09)  47.62 
AVL 3.63 (0.30)  0.00 (0.31)  0.00 (0.06)  0.00  9.09 (8.33)  17.42 
SCY 4.44  0.01  0.00 (0.04)  0.00  0.0058  0.00  12.50 (10.00)  31.11 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lithium Americas 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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Lithium Americas Corporate Directors

Lithium Americas corporate directors refer to members of a Lithium Americas board of directors. The board of directors generally takes responsibility for the Lithium Americas' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Lithium Americas' board members must vote for the resolution. The Lithium Americas board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gabriel RubachaDirectorProfile
Jean FraserDirectorProfile
Jonathan EvansIndependent DirectorProfile
Gary CohnIndependent DirectorProfile

Already Invested in Lithium Americas Corp?

The danger of trading Lithium Americas Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lithium Americas is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lithium Americas. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lithium Americas Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Lithium Americas' price analysis, check to measure Lithium Americas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lithium Americas is operating at the current time. Most of Lithium Americas' value examination focuses on studying past and present price action to predict the probability of Lithium Americas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lithium Americas' price. Additionally, you may evaluate how the addition of Lithium Americas to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Lithium Americas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Americas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Americas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Correlation Analysis to better understand how to build diversified portfolios.