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ALTM vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ALTM and SPY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

ALTM vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arcadium Lithium plc (ALTM) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
55.80%
9.85%
ALTM
SPY

Key characteristics

Daily Std Dev

ALTM:

76.59%

SPY:

12.44%

Max Drawdown

ALTM:

-68.21%

SPY:

-55.19%

Current Drawdown

ALTM:

-30.10%

SPY:

-1.83%

Returns By Period


ALTM

YTD

N/A

1M

-6.05%

6M

49.70%

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

26.72%

1M

0.20%

6M

10.28%

1Y

27.17%

5Y*

14.87%

10Y*

13.04%

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Risk-Adjusted Performance

ALTM vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Arcadium Lithium plc (ALTM) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
No data
ALTM
SPY


Chart placeholderNot enough data

Dividends

ALTM vs. SPY - Dividend Comparison

ALTM has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.


TTM20232022202120202019201820172016201520142013
ALTM
Arcadium Lithium plc
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.19%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

ALTM vs. SPY - Drawdown Comparison

The maximum ALTM drawdown since its inception was -68.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALTM and SPY. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-30.10%
-1.83%
ALTM
SPY

Volatility

ALTM vs. SPY - Volatility Comparison

Arcadium Lithium plc (ALTM) has a higher volatility of 6.40% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that ALTM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
6.40%
3.83%
ALTM
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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