Nextleaf Solutions Correlations

OILFF Stock

USD 0.03 0.0002 0.58%

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

Average diversification

The correlation between Nextleaf Solutions and DJI is 0.15 (i.e., Average 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.

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 together with Nextleaf OTC Stock

0.71	FNMFO	Federal National Mortgage	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.64	HD	Home Depot	Pair Corr

Moving against Nextleaf OTC Stock

0.75	BCH	Banco De Chile	Pair Corr
0.68	TEVA	Teva Pharma Industries	Pair Corr
0.66	TEVA	Teva Pharmaceutical	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.59	F	Ford Motor	Pair Corr
0.59	WSFS	WSFS Financial	Pair Corr
0.58	SHG	Shinhan Financial	Pair Corr
0.56	HLN	Haleon plc	Pair Corr
0.52	TAK	Takeda Pharmaceutical	Pair Corr
0.51	AVAL	Grupo Aval	Pair Corr
0.51	WF	Woori Financial Group	Pair Corr
0.51	ACN	Accenture plc	Pair Corr
0.5	HLNCF	Haleon plc	Pair Corr
0.46	MKGAF	MERCK Kommanditgesells	Pair Corr
0.45	MKKGY	Merck KGaA ADR	Pair Corr
0.34	TKPHF	Takeda Pharmaceutical	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.64	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.63	ATI	Allegheny Technologies	Pair Corr
0.62	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr
0.61	CAT	Caterpillar Sell-off Trend	Pair Corr
0.56	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.54	KO	Coca Cola Sell-off Trend	Pair Corr
0.45	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.45	BAC	Bank of America	Pair Corr
0.41	VZ	Verizon Communications	Pair Corr
0.4	MMM	3M Company Earnings Call This Week	Pair Corr
0.39	IBM	International Business	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	CNFHF	UNVC	BLMH	BGXX	CLCFF	LOBEF	EGRX	AYURF	TWSI	CRRTF
CNFHF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CNFHF
UNVC	0.0		0.23	0.0	0.39	-0.21	0.44	0.55	0.07	0.19	UNVC
BLMH	0.0	0.23		0.0	-0.12	-0.5	0.21	0.55	0.18	-0.35	BLMH
BGXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BGXX
CLCFF	0.0	0.39	-0.12	0.0		0.05	0.29	0.11	-0.02	0.19	CLCFF
LOBEF	0.0	-0.21	-0.5	0.0	0.05		-0.29	-0.56	-0.31	0.02	LOBEF
EGRX	0.0	0.44	0.21	0.0	0.29	-0.29		0.58	-0.1	0.45	EGRX
AYURF	0.0	0.55	0.55	0.0	0.11	-0.56	0.58		0.27	0.25	AYURF
TWSI	0.0	0.07	0.18	0.0	-0.02	-0.31	-0.1	0.27		-0.07	TWSI
CRRTF	0.0	0.19	-0.35	0.0	0.19	0.02	0.45	0.25	-0.07		CRRTF
	CNFHF	UNVC	BLMH	BGXX	CLCFF	LOBEF	EGRX	AYURF	TWSI	CRRTF

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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

AYURF	+ 0.58	EGRX
AYURF	+ 0.55	UNVC
AYURF	+ 0.55	BLMH
CRRTF	+ 0.45	EGRX
EGRX	+ 0.44	UNVC
CLCFF	+ 0.39	UNVC

High negative correlations

AYURF	- 0.56	LOBEF
LOBEF	- 0.5	BLMH
CRRTF	- 0.35	BLMH
TWSI	- 0.31	LOBEF
EGRX	- 0.29	LOBEF
LOBEF	- 0.21	UNVC

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	0.00	0.00
UNVC	5.68	0.14	0.00	(0.15)	7.39	(7.91)	12.90	(14.71)	44.23
BLMH	3.49	(0.15)	0.00	0.23	0.00	0.00	5.80	(9.09)	39.54
BGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLCFF	8.65	0.84	0.05	(0.87)	8.95	(15.79)	22.22	(15.38)	64.20
LOBEF	171.61	85.06	1.81	2.15	30.24	(194.39)	900.00	(90.12)	1,067
EGRX	17.16	3.41	0.09	(1.26)	17.85	(36.29)	50.00	(37.60)	180.70
AYURF	2.12	(0.62)	0.00	9.90	0.00	0.00	0.47	(4.76)	61.91
TWSI	8.57	1.58	0.05	0.49	10.82	(42.35)	50.00	(15.38)	130.78
CRRTF	45.38	22.60	0.00	(1.81)	0.00	0.00	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.

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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

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