SolTech Energy Correlations
| SOLT Stock | SEK 0.23 0.02 9.52% |
The current 90-days correlation between SolTech Energy Sweden and Embracer Group AB is 0.07 (i.e., Significant diversification). The correlation of SolTech Energy 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SolTech Energy Correlation With Market
Good diversification
The correlation between SolTech Energy Sweden and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SolTech Energy Sweden and DJI in the same portfolio, assuming nothing else is changed.
SolTech |
The ability to find closely correlated positions to SolTech Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolTech Energy 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 SolTech Energy - 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 SolTech Energy Sweden to buy it.
Moving together with SolTech Stock
Moving against SolTech Stock
| 0.87 | CNCJO-B | Concejo AB Earnings Call This Week | PairCorr |
| 0.86 | SEYE | Smart Eye AB Earnings Call This Week | PairCorr |
| 0.84 | ALBERT | eEducation Albert | PairCorr |
| 0.81 | HEIM-PREF | Heimstaden AB Pfd | PairCorr |
| 0.8 | LUMI | Lundin Mining | PairCorr |
| 0.79 | BYGGP | Bygg Partner i Earnings Call This Week | PairCorr |
| 0.77 | ALIF-B | AddLife AB | PairCorr |
| 0.76 | CMOTEC-B | Scandinavian ChemoTech | PairCorr |
| 0.75 | SWED-A | Swedbank AB | PairCorr |
| 0.72 | ALCA | Alcadon Group AB | PairCorr |
| 0.72 | BHG | BHG Group AB | PairCorr |
| 0.68 | SEB-A | Skandinaviska Enskilda | PairCorr |
| 0.66 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.64 | GETI-B | Getinge AB ser | PairCorr |
| 0.62 | SES | Scandinavian Enviro | PairCorr |
| 0.62 | RATO-B | Ratos AB | PairCorr |
| 0.6 | RESURS | Resurs Holding AB | PairCorr |
| 0.56 | ALM-PREF | ALM Equity AB | PairCorr |
| 0.51 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.49 | CI | Cell Impact AB Split | PairCorr |
| 0.44 | SVOL-A | Svolder AB Earnings Call This Week | PairCorr |
| 0.42 | ELAN-B | Elanders AB | PairCorr |
| 0.39 | SSAB-B | SSAB AB | PairCorr |
| 0.87 | ACAD | AcadeMedia AB | PairCorr |
| 0.86 | KAPIAB | Kalleback Property Invest | PairCorr |
| 0.82 | BOL | Boliden AB | PairCorr |
| 0.81 | VBG-B | VBG Group AB | PairCorr |
| 0.77 | META | Metacon AB | PairCorr |
| 0.73 | SYNACT | SynAct Pharma AB | PairCorr |
| 0.71 | SBOK | ScandBook Holding | PairCorr |
| 0.7 | HEXA-B | Hexagon AB | PairCorr |
| 0.68 | NOKIA-SEK | Nokia | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SolTech Stock performing well and SolTech Energy 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 SolTech Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMBRAC-B | 2.00 | (0.11) | 0.00 | 3.26 | 0.00 | 4.72 | 23.40 | |||
| EOLU-B | 1.53 | (0.55) | 0.00 | (1.06) | 0.00 | 2.64 | 22.98 | |||
| PCELL | 3.41 | 0.55 | 0.19 | 0.54 | 2.68 | 8.62 | 30.49 | |||
| SINCH | 1.88 | (0.24) | 0.00 | (0.45) | 0.00 | 3.74 | 24.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SolTech Energy 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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SolTech Energy Corporate Management
Elected by the shareholders, the SolTech Energy's board of directors comprises two types of representatives: SolTech Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SolTech. The board's role is to monitor SolTech Energy's management team and ensure that shareholders' interests are well served. SolTech Energy'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, SolTech Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oscar Nelson | Head MA | Profile | |
| Josefin Sollander | Head communication | Profile | |
| Cecilia Jungner | HR Director | Profile | |
| Anna Svensson | Chief Officer | Profile | |
| Niclas Lundin | Chief Officer | Profile |