Compodium International Correlations

COMPDM Stock   4.28  0.22  5.42%   
Current 90-days correlation between Compodium International and Ranplan Group is 0.1 (i.e., Average diversification).When Compodium International exhibits high correlation with a broad index, its returns are largely explained by market-wide movements rather than company-specific drivers.

Compodium International Correlation With Broad Market

Excellent diversification
COMPDM currently posts a -0.56 correlation with DJI, indicating a Excellent diversification relationship for the active sample. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
  
The correlation view summarizes how Compodium International aligns with comparable exposures. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.

Moving against Compodium Stock

  0.74NDA-SE Nordea Bank AbpPairCorr
  0.51ATCO-B Atlas Copco ABPairCorr
  0.51ATCO-A Atlas Copco 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

DIAHDIVIO-B
MOBARPLAN
LOYALRPLAN
FLOWSSPEONE
SPEONERPLAN
FLOWSMOBA
  

High negative correlations

DIAHRPLAN
LOYALDIAH
LOYALDIVIO-B
MOBADIAH
ZAPLOXSPEONE
DIVIO-BRPLAN

Risk-Adjusted Indicators

Surface-level performance for Compodium Stock can mask how the business actually stacks up against its competitive set. Risk-adjusted metrics allow investors to compare Compodium International's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Compodium International AB is being used efficiently relative to other opportunities in the same equity universe. The better process compares expected return, volatility, and correlation before the position is increased or introduced.

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Compodium International Corporate Management

Board and executive analysis for Compodium International AB is useful because governance quality can influence capital allocation, accountability, and long-term strategic consistency. The stronger read distinguishes insiders who manage operations from outside directors who are expected to provide independent oversight.