Foremost Lithium Correlations

FMST Stock

2.39 0.01 0.42%

The current 90-days correlation between Foremost Lithium Resource and Snow Lake Resources is 0.51 (i.e., Very weak diversification). The correlation of Foremost 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Foremost Lithium Correlation With Market

Very weak diversification

The correlation between Foremost Lithium Resource and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foremost Lithium Resource and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Foremost Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foremost Lithium Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against Foremost Stock

0.62	002522	Zhejiang Zhongcheng	Pair Corr
0.61	002064	Zhejiang Huafon Spandex	Pair Corr
0.49	CXL	CALIX	Pair Corr
0.75	SDV	Scidev	Pair Corr
0.62	301300	Fujian Yuanxiang New	Pair Corr
0.59	BAK	Braskem SA Class	Pair Corr
0.57	300478	Hangzhou Gaoxin Rubber	Pair Corr
0.51	600955	Lihuayi Weiyuan Chemical	Pair Corr
0.34	002810	Shandong Head	Pair Corr
0.53	603155	Xinyaqiang Silicon	Pair Corr

Related Correlations Analysis

	LITM	TSE	ODVWZ	AUST	NWGL	SNES	XPL	YMAT	STAI
LITM		0.77	0.28	0.85	0.69	0.68	0.87	0.72	0.43	LITM
TSE	0.77		0.18	0.6	0.69	0.75	0.61	0.92	0.66	TSE
ODVWZ	0.28	0.18		0.31	0.42	0.12	0.4	0.04	0.39	ODVWZ
AUST	0.85	0.6	0.31		0.62	0.55	0.82	0.55	0.39	AUST
NWGL	0.69	0.69	0.42	0.62		0.66	0.75	0.57	0.55	NWGL
SNES	0.68	0.75	0.12	0.55	0.66		0.63	0.6	0.68	SNES
XPL	0.87	0.61	0.4	0.82	0.75	0.63		0.52	0.4	XPL
YMAT	0.72	0.92	0.04	0.55	0.57	0.6	0.52		0.53	YMAT
STAI	0.43	0.66	0.39	0.39	0.55	0.68	0.4	0.53		STAI
	LITM	TSE	ODVWZ	AUST	NWGL	SNES	XPL	YMAT	STAI

Risk-Adjusted Indicators

There is a big difference between Foremost Stock performing well and Foremost 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 Foremost 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
LITM	5.63	(0.58)	0.00	(0.05)	0.00	0.00	9.88	(9.95)	47.35
TSE	5.14	(2.35)	0.00	(0.61)	0.00	0.00	8.86	(11.46)	28.90
ODVWZ	10.33	0.20	0.01	0.34	12.60	(14.39)	24.14	(22.58)	91.11
AUST	4.68	0.13	0.03	0.15	5.13	(5.59)	11.38	(9.30)	27.61
NWGL	4.31	0.05	0.03	0.10	4.90	(5.24)	8.40	(7.75)	44.84
SNES	4.04	(1.13)	0.00	(0.32)	0.00	0.00	8.04	(7.61)	20.51
XPL	3.27	(0.06)	0.00	0.04	3.76	(3.77)	5.80	(6.10)	27.93
YMAT	4.49	(1.23)	0.00	(1.24)	0.00	0.00	8.54	(10.71)	33.67
STAI	6.92	(1.41)	0.00	(0.42)	0.00	0.00	10.23	(12.16)	77.91

Foremost Lithium Corporate Management

Kelly Pladson	Corporate Secretary	Profile
BA BBA	Chief Officer	Profile
Shayla Forster	Corporate Secretary	Profile
Christina Barnard	Chief Officer	Profile

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