Nordic LEVEL Correlations
| LEVEL Stock | 0.61 0.01 1.61% |
The current 90-days correlation between Nordic LEVEL Group and Hedera Group publ is -0.17 (i.e., Good diversification). The correlation of Nordic LEVEL 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.
Nordic LEVEL Correlation With Market
Very weak diversification
The correlation between Nordic LEVEL Group and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nordic LEVEL Group and DJI in the same portfolio, assuming nothing else is changed.
Nordic |
The ability to find closely correlated positions to Nordic LEVEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordic LEVEL 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 Nordic LEVEL - 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 Nordic LEVEL Group to buy it.
Moving together with Nordic Stock
| 0.61 | ASSA-B | ASSA ABLOY AB | PairCorr |
| 0.76 | LOOMIS | Loomis AB ser | PairCorr |
| 0.61 | ORRON | Orrn Energy AB | PairCorr |
| 0.61 | INVE-B | Investor AB ser | PairCorr |
| 0.67 | HOFI | Hoist Finance AB | PairCorr |
| 0.83 | CTEK | Ctek AB | PairCorr |
| 0.75 | KAKEL | Kakel Max AB | PairCorr |
| 0.65 | MER | Meren Energy | PairCorr |
| 0.61 | MTRS | Munters Group AB | PairCorr |
| 0.74 | STE-A | Stora Enso Oyj | PairCorr |
Moving against Nordic Stock
| 0.74 | MTG-B | Modern Times Group | PairCorr |
| 0.58 | VIMAB | VIMAB Group AB | PairCorr |
| 0.57 | PREC | Precise Biometrics | PairCorr |
| 0.35 | RO | Rolling Optics Holding | PairCorr |
| 0.31 | IRIS | Irisity AB Earnings Call Tomorrow | PairCorr |
| 0.48 | HAV-B | Havsfrun Investment | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nordic Stock performing well and Nordic LEVEL 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 Nordic LEVEL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NJOB | 4.80 | 0.42 | 0.03 | (0.33) | 6.43 | 13.64 | 45.66 | |||
| HEGR | 3.82 | (0.01) | (0.01) | 0.03 | 5.13 | 9.68 | 30.41 | |||
| HELIO | 5.76 | 0.98 | 0.07 | (0.28) | 6.23 | 20.00 | 52.42 | |||
| MANTEX | 2.40 | 0.20 | 0.05 | 0.65 | 2.21 | 5.26 | 14.24 | |||
| PCOM-B | 1.58 | (0.06) | 0.00 | (0.33) | 0.00 | 3.67 | 21.45 | |||
| NFGAB | 1.25 | 0.06 | (0.01) | (7.00) | 1.47 | 3.64 | 15.40 | |||
| CIRCHE | 4.76 | 0.50 | 0.07 | (4.12) | 5.72 | 12.00 | 38.18 | |||
| HEXI | 6.02 | 0.07 | 0.02 | 0.12 | 6.39 | 8.33 | 119.48 |
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Nordic LEVEL Corporate Management
Elected by the shareholders, the Nordic LEVEL's board of directors comprises two types of representatives: Nordic LEVEL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nordic. The board's role is to monitor Nordic LEVEL's management team and ensure that shareholders' interests are well served. Nordic LEVEL'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, Nordic LEVEL's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mikael Pettersson | Head Division | Profile | |
| Jesper Arkinger | CCO | Profile | |
| Jalal Anabtawi | Chief Corepat | Profile | |
| Anna Abelt | Chief Officer | Profile | |
| AnnSofie Bjorklund | Chief Officer | Profile | |
| Per Geijer | Head Advisory | Profile | |
| Thomas Lundin | CEO Director | Profile |