Leading Edge Correlations
| LEMSE Stock | SEK 0.77 0.03 3.75% |
The current 90-days correlation between Leading Edge Materials and Boliden AB is 0.13 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Leading Edge Correlation With Market
Good diversification
The correlation between Leading Edge Materials and DJI is -0.04 (i.e., Good 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.
Related Correlations Analysis
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Be your own money manager
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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 |