Liontown Resources Correlations

LIS Stock  EUR 0.50  0.04  8.70%   
The correlation of Liontown 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.

Liontown Resources Correlation With Market

Modest diversification

The correlation between Liontown Resources Limited and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liontown Resources Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Liontown 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 Liontown 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 Liontown 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 Liontown Resources Limited to buy it.

Moving together with Liontown Stock

  0.77W2F STRAITS TRADG SDPairCorr
  0.7HEI Heidelberg MaterialsPairCorr
  0.71DBPE Xtrackers LevDAXPairCorr
  0.71E908 Lyxor 1PairCorr

Moving against Liontown Stock

  0.71DBPD Xtrackers ShortDAXPairCorr
  0.42NE0 NEXA RESOURCES SAPairCorr

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   
RS6W2F
94PW2F
3RKU3FNA
RS694P
RS6CZX
CZXW2F
  
High negative correlations   
3RKUNGLB
3FNANGLB
W2FNGLB
3RKUIUI1
RS6NGLB
IUI13FNA

Risk-Adjusted Indicators

There is a big difference between Liontown Stock performing well and Liontown 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 Liontown 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NGLB  2.17 (0.07) 0.00 (0.06) 0.00 
 5.57 
 18.72 
W2F  1.32  0.27  0.06  9.95  1.53 
 2.30 
 12.48 
3FNA  3.42  0.56  0.13  1.05  3.12 
 9.27 
 34.00 
94P  1.26  0.14  0.02  0.55  1.45 
 3.01 
 10.45 
2DG  3.61  0.66  0.12  5.57  2.98 
 9.68 
 20.87 
IUI1  1.24  0.01 (0.05) 0.16  1.67 
 2.92 
 9.48 
6HW  0.64  0.14  0.01  3.49  0.60 
 2.46 
 5.60 
CZX  0.58  0.17  0.04 (7.17) 0.30 
 1.69 
 4.92 
RS6  1.12  0.23  0.08  3.17  1.03 
 2.81 
 7.01 
3RKU  1.72  0.46  0.15 (46.24) 1.68 
 4.11 
 11.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Liontown 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.

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Liontown Resources Corporate Management

Elected by the shareholders, the Liontown Resources' board of directors comprises two types of representatives: Liontown Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Liontown. The board's role is to monitor Liontown Resources' management team and ensure that shareholders' interests are well served. Liontown 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, Liontown Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jamie DayExploration ManagerProfile
Steven ChadwickNon-Executive DirectorProfile
Timothy GoyderExecutive Chairman of the BoardProfile
Anthony CiprianoNon-Executive DirectorProfile
AGIA BComChief OfficerProfile
Rob CarruthersHead AffairsProfile