ATLX vs SGML: Correlation
Measured on weekly returns over the past three years, Atlas Lithium Corporation (ATLX) and Sigma Lithium Corporation (SGML) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and SGML?
Across a 3-year window, the weekly returns of ATLX and SGML correlate at 0.46, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.46). Stretching to 5 years gives 0.33, with an annualized covariance of 3591.2 %².
Within ATLX's tracked universe of 13 assets, SGML comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SGML outperformed by 125.3 percentage points (-37.4% for ATLX against +87.9% for SGML).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ATLX vs SGML: side by side
| ATLX (Atlas Lithium Corporation) | SGML (Sigma Lithium Corporation) | |
|---|---|---|
| 1-year return | -37.4% | +87.9% |
| 5-year return | -55.9% | +69.8% |
| Volatility (ann.) | 79.3% | 97.8% |
| Beta vs S&P 500 | 1.64 | 1.89 |
| Max drawdown (3Y) | -92.3% | -88.9% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | SGML |
|---|---|---|
| 2022 | +16.7% | +171.1% |
| 2023 | +346.9% | +11.7% |
| 2024 | -79.8% | -64.4% |
| 2025 | -33.2% | +17.6% |
| 2026 | -21.9% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and SGML good diversifiers for each other?
Reasonably. At 0.46, ATLX and SGML keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATLX and SGML?
As of 2026-08-27, the correlation of weekly returns between ATLX and SGML is 0.46 over 3 years, 0.58 over 1 year and 0.33 over 5 years.
Is SGML a good diversifier for ATLX?
Reasonably. At 0.46, ATLX and SGML keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atlx-vs-sgml.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atlx-vs-sgml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATLX correlations · SGML correlations
