Leef Brands Correlations

LEEEF Stock

0.18 0.01 5.26%

The current 90-days correlation between Leef Brands and Starbucks is 0.01 (i.e., Significant diversification). The correlation of Leef Brands 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.

Leef Brands Correlation With Market

Very good diversification

The correlation between Leef Brands and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leef Brands and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Leef Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leef Brands 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 Leef Brands - 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 Leef Brands to buy it.

Moving against Leef OTC Stock

0.51	CVX	Chevron Corp	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.43	KNTK	Kinetik Holdings	Pair Corr
0.37	GOOD	Gladstone Commercial	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.44	AXP	American Express	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	SBUX	CAKE	GWIN	DENN	BYD	NCMI	BH	BHR-PD
SBUX		0.79	0.0	-0.19	0.84	0.38	-0.1	0.81	SBUX
CAKE	0.79		0.0	-0.12	0.86	0.22	0.11	0.54	CAKE
GWIN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GWIN
DENN	-0.19	-0.12	0.0		-0.13	0.25	-0.33	-0.03	DENN
BYD	0.84	0.86	0.0	-0.13		0.42	0.03	0.65	BYD
NCMI	0.38	0.22	0.0	0.25	0.42		-0.09	0.28	NCMI
BH	-0.1	0.11	0.0	-0.33	0.03	-0.09		-0.42	BH
BHR-PD	0.81	0.54	0.0	-0.03	0.65	0.28	-0.42		BHR-PD
	SBUX	CAKE	GWIN	DENN	BYD	NCMI	BH	BHR-PD

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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

BYD	+ 0.86	CAKE
BYD	+ 0.84	SBUX
BHR-PD	+ 0.81	SBUX
CAKE	+ 0.79	SBUX
BHR-PD	+ 0.65	BYD
BHR-PD	+ 0.54	CAKE

High negative correlations

BHR-PD	- 0.42	BH
BH	- 0.33	DENN
DENN	- 0.19	SBUX
BYD	- 0.13	DENN
DENN	- 0.12	CAKE
BH	- 0.1	SBUX

Risk-Adjusted Indicators

There is a big difference between Leef OTC Stock performing well and Leef Brands 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 Leef Brands' 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
SBUX	1.09	0.22	0.18	0.43	1.09	(1.24)	2.44	(1.47)	9.53
CAKE	1.64	0.23	0.13	0.31	1.64	(1.92)	4.31	(2.32)	10.34
GWIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DENN	2.90	(0.21)	0.00	(0.21)	0.00	0.00	5.75	(5.53)	30.21
BYD	0.88	0.10	0.07	0.17	1.27	(0.82)	1.52	(1.59)	5.94
NCMI	1.61	0.01	0.01	0.01	1.68	(1.98)	3.30	(2.54)	11.17
BH	1.88	0.23	0.09	(0.90)	2.38	(1.96)	3.94	(3.98)	16.56
BHR-PD	1.10	0.07	0.04	0.18	1.82	(1.09)	2.03	(2.06)	9.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Leef Brands 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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