Correlation Between Creatd and Leafbuyer Technologies
Can any of the company-specific risk be diversified away by investing in both Creatd and Leafbuyer Technologies at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Creatd and Leafbuyer Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Creatd Inc and Leafbuyer Technologies, you can compare the effects of market volatilities on Creatd and Leafbuyer Technologies and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Creatd with a short position of Leafbuyer Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Creatd and Leafbuyer Technologies.
Diversification Opportunities for Creatd and Leafbuyer Technologies
-0.27 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Creatd and Leafbuyer is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding Creatd Inc and Leafbuyer Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leafbuyer Technologies and Creatd is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Creatd Inc are associated (or correlated) with Leafbuyer Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leafbuyer Technologies has no effect on the direction of Creatd i.e., Creatd and Leafbuyer Technologies go up and down completely randomly.
Pair Corralation between Creatd and Leafbuyer Technologies
Given the investment horizon of 90 days Creatd Inc is expected to generate 1.07 times more return on investment than Leafbuyer Technologies. However, Creatd is 1.07 times more volatile than Leafbuyer Technologies. It trades about 0.11 of its potential returns per unit of risk. Leafbuyer Technologies is currently generating about 0.05 per unit of risk. If you would invest 34.00 in Creatd Inc on September 9, 2025 and sell it today you would earn a total of 19.00 from holding Creatd Inc or generate 55.88% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Creatd Inc vs. Leafbuyer Technologies
Performance |
| Timeline |
| Creatd Inc |
| Leafbuyer Technologies |
Creatd and Leafbuyer Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Creatd and Leafbuyer Technologies
The main advantage of trading using opposite Creatd and Leafbuyer Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Creatd position performs unexpectedly, Leafbuyer Technologies can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Leafbuyer Technologies will offset losses from the drop in Leafbuyer Technologies' long position.| Creatd vs. Farmhouse | Creatd vs. Quizam Media | Creatd vs. Stargaze Entertainment Group | Creatd vs. YANGAROO |
| Leafbuyer Technologies vs. Quizam Media | Leafbuyer Technologies vs. Coresource Strategies | Leafbuyer Technologies vs. Lifes Time Capsule | Leafbuyer Technologies vs. Farmhouse |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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