Aggregated price index
Aggregated price index with volume information
- Lithium stocks down 0.5% on average while median return down 1.3% in a day
- Lithium stocks up 4.4% on average while median return up 1.4% in a week
- Lithium stocks up 46.1% on average while median return up 36.7% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $LAC 128.1%, $PLL 64.6%, $LTHM 39.5%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $PLL 20.7%, $LAC 6.2%, $LTHM 3.8%
- 1W losers are : Losers for past week are $FMC -0.9%, $SQM -1.1%, $ALB -2.2%
Index correlation analysis
Correlation for the past month is 47.4%, for the past 3 months is 45.8%
In the past month for a 5 days rolling window, the highest corrrelation is 72.9%, the lowest correlation is 15.2%, the latest correlation is 28.4%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 73.8% between ALB and SQM
The lowest correlation is 0.5% between FMC and PLL
FMC Corporation (NYSE: FMC) today announced it will release its fourth quarter 2020 earnings on Tuesday, February 9, 2021, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.
Lithium Americas (NYSE:LAC) shares experienced unusual options activity on Thursday. The stock price moved up to $22.26 following the option alert. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2021-08-20 * Strike Price: $25.00 * Volume: 1013 * Open Interest: 1229Three Ways Options Activity Is 'Unusual'Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of optio...
Piedmont Lithium Limited ("Piedmont" or "Company") is pleased to announce the additions of Ms. Malissa Gordon, Mr. Jim Nottingham, Mr. John "Pratt" Ray, and Mr. Brian Risinger, as senior members of the Company’s management team. The appointments come as Piedmont progresses its integrated lithium hydroxide project in North Carolina toward construction later in 2021, advances its plans to redomicile the Company’s primary listing to the United States, and assumes a higher profile in the clean energ...
Coast Capital CIO and founding partner James Rasteh joins Yahoo Finance Live to discuss why he is bullish on European equities, his outlook for gold mining stocks, and what he considers to be the failing state of the ESG industry.
FUL vs. LTHM: Which Stock Is the Better Value Option?
Piedmont Lithium Limited ("Piedmont" or "Company") is pleased to announce that it has entered into agreements ("Agreements") to establish a strategic partnership with Sayona Mining Limited ("Sayona") (ASX:SYA) through the purchase of equity stakes in Sayona and its 100% owned Quebec subsidiary, Sayona Quebec Inc ("Sayona Quebec"), as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production.
Let's talk about the popular FMC Corporation ( NYSE:FMC ). The company's shares saw a double-digit share price rise of...
MOS vs. SQM: Which Stock Is the Better Value Option?
Outgoing U.S. President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of decisions on Jan. 15 that will expand miners' access to federal lands, give final approval to Lithium Americas Corp's Nevada lithium mine and approve a land swap for a Rio Tinto Ltd Arizona copper mini...