Lever Global Correlations
| LVER Stock | 3.11 0.04 1.27% |
The current 90-days correlation between Lever Global and Legacy Education is 0.32 (i.e., Weak diversification). The correlation of Lever Global 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.
Lever Global Correlation With Market
Average diversification
The correlation between Lever Global and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lever Global and DJI in the same portfolio, assuming nothing else is changed.
Lever |
The ability to find closely correlated positions to Lever Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lever Global 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 Lever Global - 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 Lever Global to buy it.
Moving together with Lever OTC Stock
| 0.79 | LGCY | Legacy Education | PairCorr |
| 0.77 | AAPL | Apple Inc | PairCorr |
| 0.75 | AMZN | Amazon Inc | PairCorr |
| 0.67 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.84 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.78 | APLD | Applied Blockchain | PairCorr |
| 0.88 | BFLY | Butterfly Network | PairCorr |
| 0.87 | LUNR | Intuitive Machines Aggressive Push | PairCorr |
| 0.86 | BBAI | BigBearai Holdings Aggressive Push | PairCorr |
| 0.88 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.82 | RUM | Rumble Inc | PairCorr |
| 0.86 | IONQ | IONQ Inc Trending | PairCorr |
| 0.73 | SOUN | SoundHound AI Trending | PairCorr |
| 0.72 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | PYPL | PayPal Holdings | PairCorr |
Moving against Lever OTC Stock
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 Lever OTC Stock performing well and Lever Global 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 Lever Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LGCY | 3.38 | 1.16 | 0.26 | 1.47 | 3.24 | 9.20 | 23.25 | |||
| AAPL | 0.86 | 0.18 | 0.13 | 0.44 | 0.96 | 1.84 | 6.62 | |||
| NVDA | 1.88 | 0.21 | 0.09 | 0.28 | 2.16 | 4.05 | 9.07 | |||
| MSFT | 0.89 | 0.01 | 0.00 | 0.03 | 1.62 | 1.83 | 8.14 | |||
| AMZN | 1.40 | 0.25 | 0.14 | 0.24 | 1.58 | 2.94 | 10.78 | |||
| GOOG | 1.28 | 0.24 | 0.14 | 0.45 | 1.46 | 3.54 | 8.99 | |||
| BMYMP | 1.61 | 0.51 | 0.09 | 4.19 | 1.57 | 7.23 | 22.13 | |||
| META | 1.20 | 0.14 | 0.09 | 0.25 | 1.39 | 3.22 | 8.02 |
Lever Global Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lever Global otc stock to make a market-neutral strategy. Peer analysis of Lever Global could also be used in its relative valuation, which is a method of valuing Lever Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |