LeanLife Health Correlations

LNLHF Stock  USD 0.01  0.00  0.00%   
The correlation of LeanLife Health 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.
  
The ability to find closely correlated positions to LeanLife Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LeanLife Health 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 LeanLife Health - 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 LeanLife Health to buy it.

Related Correlations Analysis

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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   
OGGFFELAMF
BRBRPFODF
BRBRAJINY
BRBRPRRFY
INBPTQLB
INBPMSLPQ
  
High negative correlations   
BRBRTQLB
PRRFYMSLPQ
AJINYTQLB
BRBRMSLPQ
INBPPFODF
TQLBPFODF

Risk-Adjusted Indicators

There is a big difference between LeanLife Pink Sheet performing well and LeanLife Health Company 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 LeanLife Health'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MSLPQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PFODF  0.65  0.26  0.00 (1.92) 0.00 
 0.00 
 26.69 
PRRFY  0.37  0.13  0.00 (0.81) 0.00 
 0.00 
 10.79 
TQLB  12.47  3.02  0.05 (0.27) 14.39 
 51.52 
 215.91 
ELAMF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
INBP  1.52 (0.18) 0.00 (0.46) 0.00 
 3.13 
 34.54 
AJINY  1.26  0.10  0.00  0.58  1.40 
 2.43 
 8.68 
OGGFF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BRBR  0.91  0.46  0.38  1.52  0.42 
 2.61 
 4.71 
BTOG  4.96 (0.29) 0.00 (0.28) 0.00 
 11.49 
 33.17 

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Our tools can tell you how much better you can do entering a position in LeanLife Health without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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