Leading Edge Correlations
| LEMIF Stock | USD 0.07 0.01 15.83% |
The current 90-days correlation between Leading Edge Materials and Grid Metals Corp is -0.13 (i.e., Good 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 |
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
| 0.65 | GOEVW | Canoo Holdings | PairCorr |
| 0.63 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.66 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Leading OTC Stock
| 0.7 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.64 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.57 | PCTTW | PureCycle Technologies | PairCorr |
| 0.57 | GOOG | Alphabet Class C Buyout Trend | PairCorr |
| 0.54 | NVDA | NVIDIA | PairCorr |
| 0.53 | ATCOL | Atlas Corp | PairCorr |
| 0.5 | ASTSW | AST SpaceMobile | PairCorr |
| 0.4 | GCMGW | GCM Grosvenor | PairCorr |
| 0.4 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.35 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.34 | META | Meta Platforms | PairCorr |
| 0.32 | MAPSW | WM Technology | PairCorr |
| 0.72 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | DIS | Walt Disney | PairCorr |
| 0.68 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.62 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.58 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.48 | HD | Home Depot | PairCorr |
| 0.37 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
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
| 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 | 4.42 | 0.04 | 0.00 | 0.05 | 0.00 | 18.55 | 39.40 | |||
| FWEDF | 2.01 | 0.06 | 0.00 | 0.24 | 2.21 | 4.26 | 17.35 | |||
| CCOB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASMMF | 2.20 | 0.04 | 0.00 | 0.16 | 3.13 | 5.56 | 33.12 | |||
| HANNF | 4.07 | 0.73 | 0.08 | (0.40) | 4.40 | 9.09 | 21.67 | |||
| ATMGF | 9.32 | 0.39 | 0.03 | 0.26 | 11.61 | 29.01 | 70.85 | |||
| DRRSF | 2.60 | (0.36) | 0.00 | (0.38) | 0.00 | 7.14 | 26.79 | |||
| REZZF | 10.10 | 1.30 | 0.11 | 1.54 | 10.23 | 22.70 | 99.50 | |||
| DECXF | 4.47 | 0.14 | 0.01 | 0.18 | 7.34 | 18.29 | 85.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Leading Edge 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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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 |