Leaf Mobile Correlations

EAGRF Stock  USD 0.32  0.02  5.88%   
The correlation of Leaf Mobile 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.

Leaf Mobile Correlation With Market

Good diversification

The correlation between Leaf Mobile and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leaf Mobile and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Leaf Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leaf Mobile 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 Leaf Mobile - 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 Leaf Mobile to buy it.

Moving against Leaf OTC Stock

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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   
BLITFSWMIF
IGGGFSWMIF
POPRFSWMIF
TIIDFSWMIF
IGGGFBLITF
POPRFBLITF
  
High negative correlations   
TIIDFPOPRF
TIIDFIGGGF
POPRFIGGGF
TIIDFBLITF
POPRFBLITF
IGGGFBLITF

Risk-Adjusted Indicators

There is a big difference between Leaf OTC Stock performing well and Leaf Mobile 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 Leaf Mobile'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Leaf Mobile 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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Leaf Mobile Corporate Management

Elected by the shareholders, the Leaf Mobile's board of directors comprises two types of representatives: Leaf Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Leaf. The board's role is to monitor Leaf Mobile's management team and ensure that shareholders' interests are well served. Leaf Mobile'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, Leaf Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.
Omar AbdelwahedTechnical DirectorProfile
Franklin LewS DirectorProfile
CA CFAChief OfficerProfile
Jason BaileyChief ChairProfile
James WagnerDirector ProductProfile