LithiumBank Resources Correlations
| LBNK Stock | 0.26 0.01 3.70% |
The current 90-days correlation between LithiumBank Resources and Rubicon Organics is -0.12 (i.e., Good diversification). The correlation of LithiumBank 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.
LithiumBank Resources Correlation With Market
Good diversification
The correlation between LithiumBank Resources Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LithiumBank Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
LithiumBank |
The ability to find closely correlated positions to LithiumBank 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 LithiumBank 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 LithiumBank 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 LithiumBank Resources Corp to buy it.
Moving together with LithiumBank Stock
| 0.76 | ORE | Orezone Gold Corp | PairCorr |
| 0.83 | INFM | Infinico Metals Corp | PairCorr |
| 0.67 | TKU | Tarku Resources | PairCorr |
Moving against LithiumBank Stock
| 0.94 | FFH | Fairfax Financial | PairCorr |
| 0.88 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.85 | ENS-PA | E Split Corp | PairCorr |
| 0.83 | ERE-UN | European Residential Real | PairCorr |
| 0.81 | DGS | Dividend Growth Split | PairCorr |
| 0.81 | TCS | TECSYS Inc | PairCorr |
| 0.78 | DFN | Dividend 15 Split | PairCorr |
| 0.77 | DBO | D Box Technologies | PairCorr |
| 0.76 | FSZ | Fiera Capital | PairCorr |
| 0.76 | ET | Evertz Technologies | PairCorr |
| 0.74 | VBNK | VersaBank | PairCorr |
| 0.74 | PEY | Peyto ExplorationDevel | PairCorr |
| 0.69 | OM | Osisko Metals | PairCorr |
| 0.68 | ORA | Aura Minerals | PairCorr |
| 0.64 | LAC | Lithium Americas Corp | PairCorr |
| 0.62 | CGG | China Gold International | PairCorr |
| 0.35 | NPTH | NeuPath Health | PairCorr |
| 0.32 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.92 | CRM | SalesforceCom CDR | PairCorr |
| 0.92 | HUT | Hut 8 Mining | PairCorr |
| 0.88 | Y | Yellow Pages Limited | PairCorr |
| 0.88 | VLE | Valeura Energy | PairCorr |
| 0.86 | RY-PM | Royal Bank | PairCorr |
| 0.84 | NOA | North American Const | PairCorr |
| 0.8 | FFH-PH | Fairfax Financial | PairCorr |
| 0.79 | RY | Royal Bank | PairCorr |
| 0.79 | ENS | E Split Corp | PairCorr |
| 0.79 | FFH-PF | Fairfax Financial | PairCorr |
| 0.79 | EIF | Exchange Income | PairCorr |
| 0.75 | PRU | Perseus Mining | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between LithiumBank Stock performing well and LithiumBank 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 LithiumBank 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FFH-PK | 0.55 | 0.10 | 0.11 | (1.59) | 0.47 | 1.34 | 6.70 | |||
| ROMJ | 3.24 | 0.13 | 0.02 | 0.34 | 3.82 | 8.11 | 27.78 | |||
| CM-PS | 0.20 | 0.04 | 0.06 | (1.18) | 0.00 | 0.56 | 1.73 | |||
| SVI | 1.42 | (0.36) | 0.00 | (2.26) | 0.00 | 2.99 | 9.06 | |||
| PBY-UN | 0.29 | 0.08 | 0.12 | (5.86) | 0.25 | 0.72 | 2.43 | |||
| FN-PB | 0.75 | 0.13 | 0.06 | 1.11 | 0.95 | 1.57 | 10.82 | |||
| MFI | 1.17 | (0.11) | 0.00 | (0.24) | 0.00 | 2.29 | 8.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in LithiumBank 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.Did you try this?
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LithiumBank Resources Corporate Executives
Elected by the shareholders, the LithiumBank Resources' board of directors comprises two types of representatives: LithiumBank Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LithiumBank. The board's role is to monitor LithiumBank Resources' management team and ensure that shareholders' interests are well served. LithiumBank 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, LithiumBank Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.