ALM Equity Correlations
| ALM-PREF | SEK 83.90 0.50 0.60% |
The current 90-days correlation between ALM Equity AB and Systemair AB is -0.07 (i.e., Good diversification). The correlation of ALM Equity 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.
ALM Equity Correlation With Market
Significant diversification
The correlation between ALM Equity AB and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALM Equity AB and DJI in the same portfolio, assuming nothing else is changed.
ALM |
The ability to find closely correlated positions to ALM Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALM Equity 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 ALM Equity - 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 ALM Equity AB to buy it.
Moving together with ALM Stock
| 0.62 | HUFV-A | Hufvudstaden AB Earnings Call This Week | PairCorr |
| 0.87 | FPAR-D | FastPartner AB Series | PairCorr |
| 0.79 | ACRI-B | Acrinova AB Series | PairCorr |
| 0.61 | MANG | Mangold Fondkommission | PairCorr |
| 0.74 | ZZ-B | Zinzino AB Series | PairCorr |
| 0.62 | SVIK | Studsvik AB | PairCorr |
| 0.61 | CAMX | Camurus AB | PairCorr |
| 0.74 | XANO-B | XANO Industri AB | PairCorr |
| 0.77 | ACUVI | Acuvi AB | PairCorr |
| 0.67 | SYNSAM | Synsam AB Earnings Call This Week | PairCorr |
| 0.82 | ORX | Orexo AB | PairCorr |
Moving against ALM Stock
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
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Risk-Adjusted Indicators
There is a big difference between ALM Stock performing well and ALM Equity 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 ALM Equity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OBAB | 1.58 | 0.07 | (0.01) | (0.58) | 1.61 | 4.10 | 9.22 | |||
| AXFO | 0.69 | 0.18 | 0.12 | 0.88 | 0.57 | 1.87 | 4.80 | |||
| SYSR | 1.44 | 0.08 | 0.01 | 0.51 | 1.82 | 3.04 | 10.84 | |||
| SODER | 1.74 | 0.00 | 0.00 | 0.09 | 0.00 | 3.63 | 17.51 | |||
| VIT-B | 1.68 | (0.33) | 0.00 | (0.47) | 0.00 | 2.44 | 20.51 | |||
| USWE | 3.04 | 1.26 | 0.42 | (1.18) | 1.60 | 8.02 | 24.09 | |||
| QAIR | 2.09 | 0.17 | 0.05 | 0.58 | 2.20 | 4.69 | 10.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ALM Equity 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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ALM Equity Corporate Management
Elected by the shareholders, the ALM Equity's board of directors comprises two types of representatives: ALM Equity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ALM. The board's role is to monitor ALM Equity's management team and ensure that shareholders' interests are well served. ALM Equity'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, ALM Equity's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fredrik Arpe | Deputy Officer | Profile | |
| Jonas Svensson | Chief Auditor | Profile | |
| Joakim Alm | CEO, Founder | Profile | |
| Carolina Karlstrm | B Controller | Profile | |
| John Sjlund | Chief Officer | Profile |