Alleima AB Correlations

Stocks . Sweden . 
Stock . Alleima AB
ALLEI Stock   82.00  0.90  1.09%   
The current 90-days correlation between Alleima AB and Invisio Communications AB is 0.23 (i.e., Modest diversification). The correlation of Alleima AB 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.
  
The ability to find closely correlated positions to Alleima AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alleima AB 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 Alleima AB - 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 Alleima AB to buy it.

Moving together with Alleima Stock

  0.74SSAB-B SSAB ABPairCorr
  0.71SSAB-A SSAB ABPairCorr
  0.82MTG-B Modern Times GroupPairCorr
  0.65BYGGP Bygg Partner iPairCorr
  0.94INDU-C Industrivarden AB serPairCorr
  0.68STOR-B Storskogen GroupPairCorr
  0.75ACAD AcadeMedia ABPairCorr
  0.79TELIA Telia CompanyPairCorr
  0.7ESSITY-B Essity ABPairCorr
  0.8DUNI Duni ABPairCorr
  0.79ACAST Acast ABPairCorr
  0.8MTG-A Modern Times GroupPairCorr
  0.92PNDX-B Pandox ABPairCorr
  0.92ERIC-A TelefonaktiebolagetPairCorr
  0.67AZN AstraZeneca PLCPairCorr
  0.91NOKIA Nokia OyjPairCorr
  0.85LUMI Lundin MiningPairCorr
  0.92ERIC-B TelefonaktiebolagetPairCorr
  0.91CHEF Cheffelo ABPairCorr
  0.85FIRE Firefly ABPairCorr
  0.86PCELL Powercell SwedenPairCorr
  0.9NDA-SE Nordea Bank AbpPairCorr
  0.91BOL Boliden ABPairCorr
  0.76SHB-A Svenska HandelsbankenPairCorr

Moving against Alleima Stock

  0.8VIMAB VIMAB Group ABPairCorr
  0.68BINERO Binero Group ABPairCorr
  0.61RO Rolling Optics HoldingPairCorr
  0.52CLS-B Clinical LaserthermiaPairCorr
  0.43FLUI Fluicell ABPairCorr

Related Correlations Analysis


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

TRAD
+ 0.91
IVSO
EPIS-B
+ 0.52
TRAD
EPIS-B
+ 0.49
IVSO
TRAD
+ 0.45
FPIP
EPIS-B
+ 0.42
FPIP
LINKAB
+ 0.39
JLT
  

High negative correlations

JLT
- 0.7
FPIP
JLT
- 0.43
IVSO
EPIS-B
- 0.4
JLT
TRAD
- 0.39
JLT
LINKAB
- 0.29
FPIP
LINKAB
- 0.21
IVSO

Risk-Adjusted Indicators

There is a big difference between Alleima Stock performing well and Alleima AB Company 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 Alleima AB'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 Alleima AB 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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Alleima AB Corporate Management

Elected by the shareholders, the Alleima AB's board of directors comprises two types of representatives: Alleima AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alleima. The board's role is to monitor Alleima AB's management team and ensure that shareholders' interests are well served. Alleima AB'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, Alleima AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Elja NordlofEx CommunicationsProfile
Michael AnderssonPres DivisionProfile
Anders BjorklundPres DivisionProfile
Goran BjorkmanCEO PresProfile
Johanna KreftSec VPProfile
Thomas ErikssonEx ResearchProfile
Olof BengtssonChief OfficerProfile
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