Leading Edge Correlations
| LEMIF Stock | USD 0.06 0 4.43% |
The current 90-days correlation between Leading Edge Materials and Grid Metals Corp is 0.06 (i.e., Significant diversification). The correlation of Leading Edge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Leading Edge Correlation With Market
Significant diversification
The correlation between Leading Edge Materials and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leading Edge Materials and DJI in the same portfolio, assuming nothing else is changed.
Leading |
The ability to find closely correlated positions to Leading Edge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leading Edge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Leading Edge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Leading Edge Materials to buy it.
Moving together with Leading OTC Stock
| 0.61 | CHKEL | CHKEL Old Symbol Change | PairCorr |
| 0.73 | BKRKY | Bank Rakyat Earnings Call Tomorrow | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.61 | PTAIF | PT Astra International | PairCorr |
| 0.68 | PTAIY | Astra International Tbk | PairCorr |
| 0.69 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.74 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
Moving against Leading OTC Stock
| 0.64 | ASTSW | AST SpaceMobile | PairCorr |
| 0.63 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.56 | GILT | Gilat Satellite Networks | PairCorr |
| 0.38 | GCMGW | GCM Grosvenor | PairCorr |
| 0.31 | ATCOL | Atlas Corp | PairCorr |
| 0.66 | CSCO | Cisco Systems | PairCorr |
| 0.59 | AXP | American Express | PairCorr |
| 0.56 | V | Visa Class A | PairCorr |
| 0.53 | WMT | Walmart Aggressive Push | PairCorr |
| 0.49 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.46 | JPM | JPMorgan Chase | PairCorr |
| 0.38 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.34 | BAC | Bank of America | PairCorr |
| 0.32 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Leading OTC Stock performing well and Leading Edge OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Leading Edge's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSMGF | 4.41 | (0.28) | 0.00 | 0.26 | 0.00 | 12.44 | 49.51 | |||
| FWEDF | 1.87 | (0.07) | 0.00 | (0.03) | 0.00 | 4.12 | 11.99 | |||
| CCOB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASMMF | 1.54 | (0.18) | 0.00 | 114.56 | 0.00 | 3.45 | 19.09 | |||
| HANNF | 4.53 | 0.58 | 0.09 | 3.57 | 5.02 | 9.09 | 27.39 | |||
| ATMGF | 11.50 | 1.76 | 0.11 | 0.80 | 11.97 | 30.08 | 137.25 | |||
| DRRSF | 2.99 | (0.58) | 0.00 | (1.55) | 0.00 | 9.09 | 30.00 | |||
| REZZF | 9.28 | 0.93 | 0.06 | (0.60) | 10.21 | 20.25 | 60.44 | |||
| DECXF | 4.53 | (0.20) | 0.00 | (0.87) | 0.00 | 15.38 | 76.86 |
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Leading Edge Corporate Management
Elected by the shareholders, the Leading Edge's board of directors comprises two types of representatives: Leading Edge inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Leading. The board's role is to monitor Leading Edge's management team and ensure that shareholders' interests are well served. Leading Edge's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Leading Edge's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eric Krafft | Interim Director | Profile | |
| Stefan Derksen | G Counsel | Profile | |
| Mikael Ranggrd | Legal Director | Profile | |
| Sanjay Swarup | Chief Officer | Profile | |
| CGP CCS | Co Sec | Profile |