Sigma Lithium Correlations

SGML
 Stock
  

USD 34.30  0.23  0.68%   

The correlation of Sigma Lithium 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 Sigma Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sigma Lithium Resources 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.
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The ability to find closely correlated positions to Sigma Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sigma Lithium 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 Sigma Lithium - 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 Sigma Lithium Resources to buy it.

Moving together with Sigma Lithium

+0.69AMRAlpha MetallurgicalPairCorr

Moving against Sigma Lithium

-0.62WWRWestwater ResourcesPairCorr
-0.52TMCTMC The MetalsPairCorr

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   
BUDFFBUD
LINDD
GEJPM
GEDD
GELIN
BUDDD
  

Sigma Lithium Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Sigma Stock performing well and Sigma Lithium 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 Sigma Lithium's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AA 3.69 (0.08)  0.01  0.06  4.02  0.0069 (4.49)  7.74 (6.20)  18.72 
DD 1.77  0.29  0.18  0.36  1.40  0.14 (2.07)  3.91 (2.28)  9.54 
LIN 1.37  0.19  0.13  0.29  1.24  0.11 (1.57)  3.81 (2.02)  7.54 
BUD 1.49  0.25  0.15  0.37  1.53  0.13 (1.80)  3.45 (2.77)  8.01 
ETSY 3.31  0.36  0.10  0.30  3.73  0.09 (3.47)  6.13 (6.32)  20.97 
BUDFF 1.44  0.27  0.13  0.47  1.49  0.12 (1.62)  3.65 (2.86)  7.80 
MMM 1.41 (0.03) (0.02)  0.06  1.70 (0.0204) (1.47)  3.38 (3.23)  8.28 
JPM 1.51  0.18  0.12  0.26  1.30  0.1 (1.64)  4.20 (2.15)  7.57 
GE 1.48  0.16  0.09  0.25  1.64  0.08 (1.62)  3.43 (2.68)  9.22 
BA 2.13  0.12  0.04  0.19  3.18  0.0467 (1.98)  4.65 (5.37)  14.69 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sigma Lithium 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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Sigma Lithium Corporate Management

Elected by the shareholders, the Sigma Lithium's board of directors comprises two types of representatives: Sigma Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sigma. The board's role is to monitor Sigma Lithium's management team and ensure that shareholders' interests are well served. Sigma Lithium's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sigma Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
BSc Fcis - Co SecProfile
Brian BSc - Chief OfficerProfile
MBL B - CoChairman CoCEOProfile
Maria Salum - Chief OfficerProfile
Marcelo CFA - Corp FinProfile
Ana Gardner - CoChairperson CoCEOProfile
Felipe Peres - Chief OfficerProfile

Invested in Sigma Lithium Resources?

The danger of trading Sigma Lithium Resources 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 Sigma Lithium 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 Sigma Lithium. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sigma Lithium Resources 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.
Additionally, take a look at World Market Map. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Sigma Lithium Resources price analysis, check to measure Sigma Lithium's 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 Sigma Lithium is operating at the current time. Most of Sigma Lithium's value examination focuses on studying past and present price action to predict the probability of Sigma Lithium's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sigma Lithium's price. Additionally, you may evaluate how the addition of Sigma Lithium to your portfolios can decrease your overall portfolio volatility.
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Is Sigma Lithium's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sigma Lithium. If investors know Sigma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sigma Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sigma Lithium Resources is measured differently than its book value, which is the value of Sigma that is recorded on the company's balance sheet. Investors also form their own opinion of Sigma Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sigma Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sigma Lithium's market value can be influenced by many factors that don't directly affect Sigma Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sigma Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine Sigma Lithium value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sigma Lithium's 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.