ATLX vs SLI: Correlation
How closely do Atlas Lithium Corporation (ATLX) and Standard Lithium Ltd. (SLI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and SLI?
Across a 3-year window, the weekly returns of ATLX and SLI correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.42 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 2562.0 %².
Among the 13 assets we track against ATLX, SLI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLI ahead by 26.6 points (-37.4% versus -10.8%).
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 SLI: side by side
| ATLX (Atlas Lithium Corporation) | SLI (Standard Lithium Ltd.) | |
|---|---|---|
| 1-year return | -37.4% | -10.8% |
| 5-year return | -55.9% | -51.8% |
| Volatility (ann.) | 79.3% | 77.0% |
| Beta vs S&P 500 | 1.64 | 1.21 |
| Max drawdown (3Y) | -92.3% | -69.9% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | SLI |
|---|---|---|
| 2022 | +16.7% | -69.9% |
| 2023 | +346.9% | -31.5% |
| 2024 | -79.8% | -27.7% |
| 2025 | -33.2% | +206.2% |
| 2026 | -21.9% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and SLI good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATLX and SLI?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.54 over the last year and 0.22 over 5 years.
Is SLI a good diversifier for ATLX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atlx-vs-sli.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atlx-vs-sli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATLX correlations · SLI correlations
