Nextleaf Solutions Correlations
| OILFF Stock | USD 0.04 0 6.12% |
The correlation of Nextleaf Solutions 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.
Nextleaf Solutions Correlation With Market
Very good diversification
The correlation between Nextleaf Solutions and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nextleaf Solutions and DJI in the same portfolio, assuming nothing else is changed.
Nextleaf |
The ability to find closely correlated positions to Nextleaf Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextleaf Solutions 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 Nextleaf Solutions - 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 Nextleaf Solutions to buy it.
Moving against Nextleaf OTC Stock
| 0.47 | TKPHF | Takeda Pharmaceutical Upward Rally | PairCorr |
| 0.43 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.4 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.4 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
| 0.38 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.36 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.35 | HLN | Haleon plc Aggressive Push | PairCorr |
| 0.32 | TEVA | Teva Pharma Industries | PairCorr |
| 0.32 | HLNCF | Haleon plc | PairCorr |
| 0.55 | MRK | Merck Company | PairCorr |
| 0.44 | WMT | Walmart Common Stock Earnings Call This Week | PairCorr |
| 0.42 | INTC | Intel | PairCorr |
| 0.4 | AA | Alcoa Corp | PairCorr |
| 0.37 | CVX | Chevron Corp | PairCorr |
| 0.35 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.35 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.35 | BA | Boeing | PairCorr |
| 0.33 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.31 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
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 Nextleaf OTC Stock performing well and Nextleaf Solutions 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 Nextleaf Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNFHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UNVC | 5.86 | 0.30 | 0.03 | 0.57 | 6.84 | 15.38 | 44.23 | |||
| BLMH | 5.00 | (0.93) | 0.00 | 1.53 | 0.00 | 10.00 | 44.06 | |||
| BGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLCFF | 5.67 | (0.27) | 0.00 | (0.15) | 0.00 | 20.00 | 49.43 | |||
| LOBEF | 191.60 | 105.83 | 1.98 | (1.16) | 32.56 | 900.00 | 1,120 | |||
| EGRX | 18.12 | 2.92 | 0.09 | 0.43 | 18.86 | 50.00 | 200.00 | |||
| AYURF | 3.16 | (0.17) | 0.00 | 0.17 | 0.00 | 5.00 | 61.91 | |||
| TWSI | 4.65 | 0.62 | 0.00 | 0.25 | 0.00 | 0.00 | 130.78 | |||
| CRRTF | 45.38 | 22.04 | 0.00 | (3.24) | 0.00 | 0.00 | 1,527 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nextleaf Solutions 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.Did you try this?
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Nextleaf Solutions Corporate Management
Elected by the shareholders, the Nextleaf Solutions' board of directors comprises two types of representatives: Nextleaf Solutions inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nextleaf. The board's role is to monitor Nextleaf Solutions' management team and ensure that shareholders' interests are well served. Nextleaf Solutions' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nextleaf Solutions' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryan Ko | CoFounder Tech | Profile | |
| Paul MBA | President, CoFounder | Profile | |
| Emma Andrews | Director Marketing | Profile | |
| Scott Mayer | VP Operations | Profile | |
| Ryan Hirsch | Sales Mang | Profile | |
| Kevin Keagan | Corp CFO | Profile | |
| MaryAaron | Director HR | Profile |