Arjo AB Correlations

ARRJF Stock

USD 3.50 0.00 0.00%

The correlation of Arjo AB 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.

Arjo AB Correlation With Market

Poor diversification

The correlation between Arjo AB and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arjo AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Arjo AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arjo AB 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 Arjo AB - 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 Arjo AB to buy it.

Moving together with Arjo Pink Sheet

0.61	HSIC	Henry Schein	Pair Corr
0.67	GALNF	Galenica AG	Pair Corr
0.73	SVNLY	Svenska Handelsbanken	Pair Corr
0.63	BOCOF	Bougainville Copper	Pair Corr
0.84	TAYO	Taylor Consulting	Pair Corr
0.71	BCPC	Balchem	Pair Corr
0.72	PRLB	Proto Labs Earnings Call This Week	Pair Corr
0.76	AA	Alcoa Corp Downward Rally	Pair Corr
0.92	MLI	Mueller Industries	Pair Corr
0.88	KTOS	Kratos Defense Security	Pair Corr
0.71	EGBN	Eagle Bancorp	Pair Corr
0.83	LNNGY	Li Ning	Pair Corr

Moving against Arjo Pink Sheet

0.84	53225HAA8	LIGADO NETWORKS LLC	Pair Corr
0.67	GLABF	Gemina Laboratories	Pair Corr
0.59	SHTDF	Sinopharm Group	Pair Corr
0.54	ZTLLF	Zonetail	Pair Corr
0.46	PVBC	Provident Bancorp	Pair Corr
0.38	89417EAN9	TRAVELERS INC 405	Pair Corr

Related Correlations Analysis

	LFTSF	SMSZF	EXETF	RKAGY	TGRNF	WHTCF	SAFLF	TSUSF	PHCI	NNCSF
LFTSF		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LFTSF
SMSZF	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMSZF
EXETF	0.0	0.0		0.51	0.0	0.07	0.6	0.0	-0.56	-0.03	EXETF
RKAGY	0.0	0.0	0.51		0.0	0.41	0.8	0.0	-0.64	0.27	RKAGY
TGRNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TGRNF
WHTCF	0.0	0.0	0.07	0.41	0.0		0.53	0.0	-0.35	0.14	WHTCF
SAFLF	0.0	0.0	0.6	0.8	0.0	0.53		0.0	-0.6	0.23	SAFLF
TSUSF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TSUSF
PHCI	0.0	0.0	-0.56	-0.64	0.0	-0.35	-0.6	0.0		-0.13	PHCI
NNCSF	0.0	0.0	-0.03	0.27	0.0	0.14	0.23	0.0	-0.13		NNCSF
	LFTSF	SMSZF	EXETF	RKAGY	TGRNF	WHTCF	SAFLF	TSUSF	PHCI	NNCSF

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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

SAFLF	+ 0.8	RKAGY
SAFLF	+ 0.6	EXETF
SAFLF	+ 0.53	WHTCF
RKAGY	+ 0.51	EXETF
WHTCF	+ 0.41	RKAGY
NNCSF	+ 0.27	RKAGY

High negative correlations

SMSZF	- 1.0	LFTSF
PHCI	- 0.64	RKAGY
PHCI	- 0.6	SAFLF
PHCI	- 0.56	EXETF
PHCI	- 0.35	WHTCF
NNCSF	- 0.13	PHCI

Risk-Adjusted Indicators

There is a big difference between Arjo Pink Sheet performing well and Arjo AB 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 Arjo AB'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
LFTSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMSZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXETF	1.45	0.71	0.42	4.27	0.78	(1.80)	3.04	(1.85)	16.03
RKAGY	0.10	0.05	0.00	(0.35)	0.00	0.00	0.00	0.00	3.12
TGRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WHTCF	1.85	(0.12)	0.00	(0.09)	0.00	0.00	4.48	(3.79)	18.01
SAFLF	0.51	0.23	0.00	0.60	0.00	0.00	0.00	0.00	13.99
TSUSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHCI	1.06	(0.21)	0.00	1.60	0.00	0.00	1.88	(3.59)	20.82
NNCSF	1.50	(0.18)	0.00	(0.40)	0.00	0.00	3.73	(6.47)	32.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arjo AB 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.

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