Lifezone Metals Correlations
| LZM Stock | 4.43 0.24 5.14% |
The current 90-days correlation between Lifezone Metals and Titan America SA is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lifezone Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lifezone Metals Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Lifezone Metals Correlation With Market
Weak diversification
The correlation between Lifezone Metals Limited and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifezone Metals Limited and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Lifezone Stock
| 0.63 | MP | MP Materials Corp | PairCorr |
| 0.72 | VZLA | Vizsla Resources Corp | PairCorr |
| 0.67 | EMX | EMX Royalty Corp | PairCorr |
| 0.82 | FURY | Fury Gold Mines | PairCorr |
| 0.74 | IPX | IperionX Limited American | PairCorr |
| 0.77 | NAK | Northern Dynasty Minerals | PairCorr |
| 0.67 | SKE | Skeena Resources | PairCorr |
| 0.68 | SLI | Standard Lithium | PairCorr |
| 0.64 | TMC | TMC the metals Upward Rally | PairCorr |
| 0.64 | TMCWW | TMC the metals | PairCorr |
| 0.76 | TECK | Teck Resources | PairCorr |
Moving against Lifezone Stock
| 0.43 | LGO | Largo Resources | PairCorr |
| 0.32 | PLL | Piedmont Lithium | PairCorr |
| 0.63 | NEXA | Nexa Resources SA | PairCorr |
| 0.62 | IONR | ioneer American | PairCorr |
| 0.55 | SGML | Sigma Lithium Resources | PairCorr |
| 0.46 | USGOW | US GoldMining Warrant | PairCorr |
| 0.43 | LITM | Snow Lake Resources Aggressive Push | PairCorr |
| 0.39 | USGO | US GoldMining Common | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Lifezone Stock performing well and Lifezone Metals 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 Lifezone Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTAM | 2.29 | (0.19) | 0.00 | (0.04) | 0.00 | 6.38 | 18.60 | |||
| HTRC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPNG | 1.54 | 0.40 | 0.20 | 0.47 | 1.62 | 3.64 | 14.48 | |||
| GAP | 2.91 | 0.13 | 0.03 | 0.19 | 5.76 | 5.47 | 36.25 | |||
| SURRY | 2.25 | 0.72 | 0.00 | (1.12) | 0.00 | 5.11 | 34.83 | |||
| CRZNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PIUTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IAC | 1.91 | (0.05) | (0.01) | 0.06 | 2.30 | 4.17 | 12.38 |
Lifezone Metals Corporate Management
| David Petrie | Manager Communications | Profile | |
| Mike Adams | Chief Officer | Profile | |
| Ingo CFA | Chief Officer | Profile | |
| Jeanne Liu | Head Marketing | Profile | |
| Spencer Davis | Group Counsel | Profile | |
| Natasha Liddell | Executive Officer | Profile | |
| Gerick Mouton | Chief Officer | Profile |