AB Sagax Correlations
SAGA-D Stock | SEK 30.15 0.10 0.33% |
The correlation of AB Sagax 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AB Sagax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Sagax moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between AB Sagax and NYA is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Sagax and NYA in the same portfolio, assuming nothing else is changed.
SAGA-D |
The ability to find closely correlated positions to AB Sagax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Sagax 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 AB Sagax - 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 AB Sagax to buy it.
Moving together with SAGA-D Stock
0.74 | SAGA-B | AB Sagax | PairCorr |
0.75 | SAGA-A | AB Sagax | PairCorr |
0.94 | CORE-PREF | Corem Property Group | PairCorr |
0.83 | CATE | Catena AB | PairCorr |
0.75 | NP3 | NP3 Fastigheter AB | PairCorr |
0.86 | VOLV-B | AB Volvo | PairCorr |
0.9 | VOLV-A | AB Volvo | PairCorr |
0.62 | VOLCAR-B | Volvo Car AB | PairCorr |
0.83 | ESSITY-A | Essity AB | PairCorr |
0.84 | ESSITY-B | Essity AB | PairCorr |
0.9 | SKA-B | Skanska AB | PairCorr |
0.83 | ATCO-A | Atlas Copco AB | PairCorr |
0.84 | ATCO-B | Atlas Copco AB | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between SAGA-D Stock performing well and AB Sagax 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 AB Sagax'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CAST | 1.31 | (0.07) | 0.00 | (0.06) | 0.00 | 3.00 | 7.45 | |||
FABG | 1.46 | (0.25) | 0.00 | (0.45) | 0.00 | 3.08 | 10.34 | |||
WALL-B | 1.53 | (0.12) | 0.00 | (0.15) | 0.00 | 3.18 | 9.37 | |||
HUFV-A | 1.07 | (0.07) | 0.00 | (0.04) | 0.00 | 2.24 | 6.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AB Sagax 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.Did you try this?
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AB Sagax Corporate Management
Elected by the shareholders, the AB Sagax's board of directors comprises two types of representatives: AB Sagax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAGA-D. The board's role is to monitor AB Sagax's management team and ensure that shareholders' interests are well served. AB Sagax'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, AB Sagax's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jaakko Vehanen | Chief Oy | Profile | |
Bjorn Garat | Head CEO | Profile | |
Carlos Galofre | CEO Spain | Profile | |
Mikael Dahlberg | Group Controller | Profile | |
Urban Sjlund | Head Management | Profile | |
Agneta Segerhammar | Chief Officer | Profile | |
Romain Autreaux | Chief France | Profile |
Already Invested in AB Sagax?
The danger of trading AB Sagax is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AB Sagax is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AB Sagax. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AB Sagax is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AB Sagax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for SAGA-D Stock analysis
When running AB Sagax's price analysis, check to measure AB Sagax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AB Sagax is operating at the current time. Most of AB Sagax's value examination focuses on studying past and present price action to predict the probability of AB Sagax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB Sagax's price. Additionally, you may evaluate how the addition of AB Sagax to your portfolios can decrease your overall portfolio volatility.
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