EQT AB Correlations
6EQ Stock | EUR 29.88 1.09 3.79% |
The correlation of EQT 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EQT AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EQT AB 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.
Good diversification
The correlation between EQT AB and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EQT AB and NYA in the same portfolio, assuming nothing else is changed.
EQT |
The ability to find closely correlated positions to EQT 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 EQT 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 EQT 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 EQT AB to buy it.
Moving together with EQT Stock
0.63 | BLQA | BlackRock | PairCorr |
0.77 | TR1 | T Rowe Price | PairCorr |
0.65 | 2WGA | WOORI FIN GRP | PairCorr |
0.64 | MFZA | Mitsubishi UFJ Financial | PairCorr |
Moving against EQT Stock
0.66 | 6GAA | Grupo Aval Acciones | PairCorr |
0.64 | 6GAA | Grupo Aval Acciones | PairCorr |
0.64 | DBPD | Xtrackers ShortDAX | PairCorr |
0.41 | ECHA | Ecopetrol SA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between EQT Stock performing well and EQT 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 EQT 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BBN1 | 1.22 | (0.03) | 0.00 | 0.34 | 0.00 | 2.98 | 9.53 | |||
ZYA | 0.99 | 0.08 | 0.00 | (1.48) | 1.17 | 1.73 | 8.52 | |||
6EQ | 1.81 | 0.32 | 0.10 | (0.82) | 1.84 | 4.78 | 14.07 | |||
TR1 | 1.07 | 0.03 | (0.04) | (0.15) | 1.38 | 2.80 | 7.92 | |||
NT4 | 1.15 | 0.14 | 0.03 | 6.03 | 1.62 | 2.08 | 8.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EQT 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.Did you try this?
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EQT AB Corporate Management
Elected by the shareholders, the EQT AB's board of directors comprises two types of representatives: EQT AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EQT. The board's role is to monitor EQT AB's management team and ensure that shareholders' interests are well served. EQT AB'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, EQT AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Edith Cooper | Board Member | Profile | |
Thomas Koch | Deputy Managing Director, Member of the Executive Management | Profile | |
Gordon Orr | Independent Board Member | Profile | |
Finn Rausing | Independent Board Member | Profile | |
Conni Jonsson | Chairman of the Board | Profile | |
Christian Sinding | CEO, Managing Partner, Member of the Executive Management | Profile |
Already Invested in EQT AB?
The danger of trading EQT AB 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 EQT AB 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 EQT AB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EQT AB 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in EQT AB. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for EQT Stock analysis
When running EQT AB's price analysis, check to measure EQT AB'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 EQT AB is operating at the current time. Most of EQT AB's value examination focuses on studying past and present price action to predict the probability of EQT AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EQT AB's price. Additionally, you may evaluate how the addition of EQT AB to your portfolios can decrease your overall portfolio volatility.
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