Fabege AB Correlations

FBGGF Stock

USD 7.26 0.00 0.00%

The correlation of Fabege 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.

Fabege AB Correlation With Market

Poor diversification

The correlation between Fabege AB and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fabege AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fabege 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 Fabege 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 Fabege 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 Fabege AB to buy it.

Moving together with Fabege Pink Sheet

0.72	CBRE	CBRE Group Class	Pair Corr
0.63	BEKE	Ke Holdings Potential Growth	Pair Corr
0.7	KCDMY	Kimberly Clark de	Pair Corr
0.64	PGEZF	Group Ten Metals	Pair Corr
0.62	SCAGW	Scage Future Warrants	Pair Corr
0.91	RILYL	B Riley Financial	Pair Corr
0.66	AROC	Archrock Symbol Change	Pair Corr
0.76	NEWTH	NewtekOne 8625 percent	Pair Corr
0.79	COMP	Compass	Pair Corr
0.64	FIBK	First Interstate Ban	Pair Corr
0.79	RCKY	Rocky Brands	Pair Corr
0.8	APETF	Alpha Esports Tech	Pair Corr
0.83	ENS	Enersys Earnings Call This Week	Pair Corr

Moving against Fabege Pink Sheet

0.64	CSGP	CoStar Group	Pair Corr
0.59	BROGF	BROGF	Pair Corr
0.43	ALL	Allstate Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NMEHF	HLPPY	CWSRF	UOLGF	TKFOY	CDEVY	CHVKY	SSSAF	SZENF	KRYPF
NMEHF		-0.26	-0.13	-0.24	0.0	-0.04	0.16	0.43	0.0	-0.5	NMEHF
HLPPY	-0.26		0.29	0.64	0.0	0.5	-0.36	-0.02	0.0	0.43	HLPPY
CWSRF	-0.13	0.29		0.72	0.0	0.73	-0.7	-0.05	0.0	0.53	CWSRF
UOLGF	-0.24	0.64	0.72		0.0	0.77	-0.68	0.11	0.0	0.64	UOLGF
TKFOY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	TKFOY
CDEVY	-0.04	0.5	0.73	0.77	0.0		-0.86	0.09	0.0	0.44	CDEVY
CHVKY	0.16	-0.36	-0.7	-0.68	0.0	-0.86		0.21	0.0	-0.66	CHVKY
SSSAF	0.43	-0.02	-0.05	0.11	0.0	0.09	0.21		0.0	-0.48	SSSAF
SZENF	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	SZENF
KRYPF	-0.5	0.43	0.53	0.64	0.0	0.44	-0.66	-0.48	0.0		KRYPF
	NMEHF	HLPPY	CWSRF	UOLGF	TKFOY	CDEVY	CHVKY	SSSAF	SZENF	KRYPF

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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

SZENF	+ 1.0	TKFOY
CDEVY	+ 0.77	UOLGF
CDEVY	+ 0.73	CWSRF
UOLGF	+ 0.72	CWSRF
UOLGF	+ 0.64	HLPPY
KRYPF	+ 0.64	UOLGF

High negative correlations

CHVKY	- 0.86	CDEVY
CHVKY	- 0.7	CWSRF
CHVKY	- 0.68	UOLGF
KRYPF	- 0.66	CHVKY
KRYPF	- 0.5	NMEHF
KRYPF	- 0.48	SSSAF

Risk-Adjusted Indicators

There is a big difference between Fabege Pink Sheet performing well and Fabege 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 Fabege 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
NMEHF	0.27	(0.04)	0.00	0.17	0.00	0.00	0.00	0.00	9.01
HLPPY	1.31	0.04	0.02	0.09	1.51	(1.68)	3.42	(3.15)	8.99
CWSRF	0.66	0.14	0.06	(2.35)	0.97	(0.95)	1.88	(1.45)	8.66
UOLGF	1.59	0.80	0.00	15.96	0.00	0.00	6.87	0.00	22.21
TKFOY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDEVY	2.47	0.43	0.12	(1.53)	2.51	(3.33)	5.79	(4.66)	15.46
CHVKY	1.87	(0.89)	0.00	5.36	0.00	0.00	0.00	(11.11)	25.00
SSSAF	0.48	0.01	0.00	0.03	0.00	0.00	0.00	0.00	13.04
SZENF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRYPF	0.63	0.35	0.00	(0.45)	0.00	0.00	0.00	0.00	20.16

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Our tools can tell you how much better you can do entering a position in Fabege 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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Fabege AB Corporate Management

Stefan Dahlbo	Pres CEO	Profile
Per Tyren	Head Sjstad	Profile
Asa Bergstrom	CFO, VP	Profile
Charlotte Liliegren	DirectorHead Devel	Profile
Gunilla Cornell	DirectorHead HR	Profile
Klas Holmgren	DirectorHead Devel	Profile
Oskar Skold	Head City	Profile

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