Vitec Software Correlations

VIT-B Stock

SEK 221.80 3.00 1.37%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. The current 90-days correlation between Vitec Software Group and Addnode Group AB is 0.54 (i.e., Weak diversification).

Market Correlation Profile: Vitec Software

Moderate diversification

Vitec Software currently posts a 0.27 correlation with Dow Jones, indicating a Moderate diversification relationship for the active sample. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

The correlation view for Vitec Software describes alignment with comparable instruments. All values are drawn from historical return correlation across available windows.

Moving together with Vitec Stock

0.89	LIME	Lime Technologies	Pair Corr
0.78	ENEA	Enea AB	Pair Corr
0.69	SEYE	Smart Eye AB	Pair Corr
0.87	UPSALE	Upsales Technology	Pair Corr
0.85	FPIP	FormPipe Software	Pair Corr
0.88	CRED-A	Creades AB	Pair Corr
0.87	STABL	Stayble Therapeutics	Pair Corr
0.67	IMP-A-SDB	Implantica AG	Pair Corr

Moving against Vitec Stock

0.94	ADDV-B	ADDvise Group B	Pair Corr
0.86	ABB	ABB	Pair Corr
0.79	NXTCL	NextCell Pharma AB	Pair Corr
0.73	SOBI	Swedish Orphan Biovitrum	Pair Corr
0.71	BOL	Boliden AB	Pair Corr
0.67	EPI-B	Epiroc AB	Pair Corr
0.56	BETCO	Better Collective	Pair Corr
0.55	SAXG	Saxlund Group AB	Pair Corr
0.49	NAVIGO-STAM	EMB Mission Bound	Pair Corr
0.47	SOSI	Sotkamo Silver	Pair Corr
0.33	HAV-B	Havsfrun Investment	Pair Corr

Related Correlations Analysis

	ANOD-B	TRUE-B	IVSO	BETCO	YUBICO	NCAB	LIME	MTG-B
ANOD-B		0.96	-0.37	-0.77	0.98	-0.47	0.96	0.98	ANOD-B
TRUE-B	0.96		-0.41	-0.69	0.95	-0.55	0.93	0.94	TRUE-B
IVSO	-0.37	-0.41		0.2	-0.38	0.43	-0.47	-0.38	IVSO
BETCO	-0.77	-0.69	0.2		-0.78	0.45	-0.63	-0.72	BETCO
YUBICO	0.98	0.95	-0.38	-0.78		-0.48	0.95	0.96	YUBICO
NCAB	-0.47	-0.55	0.43	0.45	-0.48		-0.44	-0.4	NCAB
LIME	0.96	0.93	-0.47	-0.63	0.95	-0.44		0.96	LIME
MTG-B	0.98	0.94	-0.38	-0.72	0.96	-0.4	0.96		MTG-B
	ANOD-B	TRUE-B	IVSO	BETCO	YUBICO	NCAB	LIME	MTG-B

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

YUBICO	+ 0.98	ANOD-B
MTG-B	+ 0.98	ANOD-B
TRUE-B	+ 0.96	ANOD-B
LIME	+ 0.96	ANOD-B
MTG-B	+ 0.96	YUBICO
MTG-B	+ 0.96	LIME

High negative correlations

YUBICO	- 0.78	BETCO
BETCO	- 0.77	ANOD-B
MTG-B	- 0.72	BETCO
BETCO	- 0.69	TRUE-B
LIME	- 0.63	BETCO
NCAB	- 0.55	TRUE-B

Risk-Adjusted Indicators

Strong recent returns in Vitec Stock do not always mean Vitec Software Company is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANOD-B	1.58	-0.67	0.00	4.32	0.00	0.00	2.58	-4.07	8.08
TRUE-B	2.94	-0.69	0.00	-1.48	0.00	0.00	4.38	-4.79	45.53
IVSO	2.42	0.11	0.04	0.08	2.49	-3.40	4.13	-4.75	33.40
BETCO	1.42	0.40	0.24	5.58	1.46	-1.59	4.79	-2.66	11.87
YUBICO	2.10	-0.85	0.00	-4.93	0.00	0.00	2.70	-4.57	25.76
NCAB	2.41	0.12	0.07	-0.48	2.69	-2.55	6.43	-4.06	20.32
LIME	2.49	-0.56	0.00	3.89	0.00	0.00	4.17	-5.05	25.25
MTG-B	1.19	-0.36	0.00	-2.30	0.00	0.00	2.30	-2.59	9.22

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Vitec Software Group is being used efficiently relative to other opportunities in the same equity universe. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.

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Vitec Software Corporate Management

Looking at the leadership structure of Vitec Software Group provides context for understanding who sets direction, approves budgets, and monitors management performance. Institutions hold about 64.01% of shares while insiders own roughly 12.40%.

Jerker Vallbo	CIO CTO	Profile
Johnny Kolfors	Managing AB	Profile
Gert Gustafsson	Chief Officer	Profile
Patrik Fransson	Investor Officer	Profile
Magnus Persson	Head Estate	Profile
Lars Stenlund	Founder Chairman	Profile
Niklas Berg	Managing Director	Profile

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