Standard Lithium Ltd. (SLI) — Stock Correlations & Overview
Over the past year, SLI has moved most closely with REMX, METL, SETM. Explore the stocks most correlated and inversely correlated with SLI below, along with its price, financials, and company profile.
Stocks correlated with SLI
Correlation of daily returns. Higher positive values move with SLI; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLI
| Symbol | Company | Correlation |
|---|---|---|
| REMX | VanEck Rare Earth and Strategic Metals ETF | 0.66 |
| METL | Sprott Active Metals & Miners ETF | 0.66 |
| SETM | Sprott Funds Trust Sprott Critical Materials ETF | 0.65 |
| LAC | Lithium Americas Corp.METAL MINING | 0.64 |
| LITP | Sprott Lithium Miners ETF | 0.63 |
Most inversely correlated with SLI
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.52 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.50 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.50 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.45 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.43 |
Frequently asked questions about SLI correlations
- Which stocks are most correlated with SLI?
- Based on one year of daily returns, the stocks most correlated with Standard Lithium Ltd. (SLI) are REMX (0.66), METL (0.66) and SETM (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SLI?
- Over the past year, the stocks most inversely correlated with Standard Lithium Ltd. (SLI) are JDST (-0.52), DUST (-0.50) and GDXD (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SLI correlations calculated?
- We compute the correlation of daily returns between SLI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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