Paradox Interactive Correlations

PDX Stock

SEK 118.40 0.70 0.59%

The current 90-days correlation between Paradox Interactive and Modern Times Group is 0.44 (i.e., Very weak diversification).The correlation of Paradox Interactive 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.

Paradox Interactive Correlation With Market

Good diversification

Across the chosen horizon, PDX and DJI show a correlation of -0.18 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Correlation analysis helps compare Paradox Interactive with similar exposures for allocation context. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.

Moving together with Paradox Stock

0.95	SF	Stillfront Group	Pair Corr
0.85	M8G	Media and Games	Pair Corr
0.72	G5EN	G5 Entertainment publ	Pair Corr
0.73	STAR-A	Starbreeze AB	Pair Corr
0.85	STAR-B	Starbreeze AB	Pair Corr
0.89	VOLCAR-B	Volvo Car AB	Pair Corr

Moving against Paradox Stock

0.94	TELIA	Telia Company	Pair Corr
0.92	VOLV-B	AB Volvo	Pair Corr
0.92	VOLV-A	AB Volvo	Pair Corr
0.89	ERIC-A	Telefonaktiebolaget	Pair Corr
0.82	BIOEX	Bioextrax AB	Pair Corr
0.81	THUNDR	Thunderful Group	Pair Corr
0.65	SPAGO	Spago Nanomedical	Pair Corr
0.36	HM-B	H M Hennes	Pair Corr
0.31	EG7	Enad Global 7	Pair Corr

Related Correlations Analysis

	EMBRAC-B	MTG-B	ANOD-B	VIT-B	TIETOS	IVSO	HMS	SF	NCAB
EMBRAC-B		0.49	0.48	0.62	0.26	-0.22	0.74	0.63	0.3	EMBRAC-B
MTG-B	0.49		0.98	0.92	0.09	-0.58	0.53	0.96	-0.2	MTG-B
ANOD-B	0.48	0.98		0.91	0.04	-0.62	0.55	0.93	-0.24	ANOD-B
VIT-B	0.62	0.92	0.91		0.12	-0.48	0.65	0.93	-0.06	VIT-B
TIETOS	0.26	0.09	0.04	0.12		0.54	0.01	0.11	0.35	TIETOS
IVSO	-0.22	-0.58	-0.62	-0.48	0.54		-0.48	-0.58	0.28	IVSO
HMS	0.74	0.53	0.55	0.65	0.01	-0.48		0.66	0.37	HMS
SF	0.63	0.96	0.93	0.93	0.11	-0.58	0.66		-0.06	SF
NCAB	0.3	-0.2	-0.24	-0.06	0.35	0.28	0.37	-0.06		NCAB
	EMBRAC-B	MTG-B	ANOD-B	VIT-B	TIETOS	IVSO	HMS	SF	NCAB

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

ANOD-B	+ 0.98	MTG-B
SF	+ 0.96	MTG-B
SF	+ 0.93	ANOD-B
SF	+ 0.93	VIT-B
VIT-B	+ 0.92	MTG-B
VIT-B	+ 0.91	ANOD-B

High negative correlations

IVSO	- 0.62	ANOD-B
SF	- 0.58	IVSO
IVSO	- 0.58	MTG-B
HMS	- 0.48	IVSO
IVSO	- 0.48	VIT-B
NCAB	- 0.24	ANOD-B

Risk-Adjusted Indicators

There is a big difference between Paradox Stock performing well and Paradox Interactive 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 Paradox Interactive'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
EMBRAC-B	2.74	-0.78	0.00	1.26	0.00	0.00	3.98	-6.76	29.82
MTG-B	1.17	-0.40	0.00	-44.00	0.00	0.00	2.17	-2.59	9.22
ANOD-B	1.54	-0.55	0.00	1.56	0.00	0.00	2.58	-4.02	8.08
VIT-B	1.84	-0.36	0.00	0.87	0.00	0.00	3.82	-4.95	19.64
TIETOS	1.72	-0.06	0.00	0.02	0.00	0.00	3.43	-4.03	15.26
IVSO	2.30	0.31	0.14	0.34	2.10	-3.31	4.13	-4.18	32.27
HMS	1.39	-0.21	0.00	4.19	0.00	0.00	2.94	-3.73	10.90
SF	2.31	-0.71	0.00	0.90	0.00	0.00	3.33	-5.82	10.92
NCAB	2.23	-0.17	0.00	0.23	0.00	0.00	4.43	-4.06	17.94

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Paradox Interactive AB is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

Did you try this?

Run Portfolio Prophet Now

Portfolio Prophet

Use AI to generate optimal portfolios and find profitable investment opportunities

All Next

Launch Module

Paradox Interactive Corporate Management

Governance review matters for Paradox Interactive AB because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.

Mattias Lilja	Chief Staff	Profile
Julien Wera	Chief Officer	Profile
Fredrik Wester	Director Founder	Profile
Johan Bolin	Chief Officer	Profile
Henrik Fahreus	Chief Officer	Profile
Johan Andersson	PDS Direction	Profile
Charlotta Nilsson	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC