AroCell AB Correlations
| AROC Stock | SEK 0.43 0.01 2.38% |
The correlation of AroCell 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 AroCell AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AroCell 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 AroCell AB and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AroCell AB and NYA in the same portfolio, assuming nothing else is changed.
AroCell |
The ability to find closely correlated positions to AroCell 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 AroCell 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 AroCell 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 AroCell AB to buy it.
Moving together with AroCell Stock
| 0.82 | IBT-B | Infant Bacterial Earnings Call This Week | PairCorr |
| 0.73 | CYXO | Cyxone AB | PairCorr |
| 0.75 | CMH | Chordate Medical Holding Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.27 | 0.28 | 0.6 | 0.03 | HNSA | ||
| 0.27 | 0.61 | 0.18 | -0.54 | BIOA-B | ||
| 0.28 | 0.61 | 0.08 | -0.3 | CALTX | ||
| 0.6 | 0.18 | 0.08 | 0.15 | SINCH | ||
| 0.03 | -0.54 | -0.3 | 0.15 | CANTA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 AroCell Stock performing well and AroCell 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 AroCell 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HNSA | 2.33 | (0.31) | 0.00 | (1.32) | 0.00 | 4.97 | 24.78 | |||
| BIOA-B | 2.37 | (0.15) | 0.00 | 0.28 | 0.00 | 4.11 | 17.74 | |||
| CALTX | 1.63 | (0.04) | 0.00 | 0.13 | 0.00 | 3.21 | 11.83 | |||
| SINCH | 2.51 | (0.24) | 0.00 | 0.34 | 0.00 | 5.36 | 17.09 | |||
| CANTA | 3.35 | (0.03) | 0.00 | 0.07 | 0.00 | 6.95 | 28.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AroCell 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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AroCell AB Corporate Directors
AroCell AB corporate directors refer to members of an AroCell AB board of directors. The board of directors generally takes responsibility for the AroCell AB's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of AroCell AB's board members must vote for the resolution. The AroCell AB board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Carl Blomqvist | Director | Profile | |
| Agneta Franksson | Director | Profile | |
| Christine Tadgell | Director | Profile | |
| Jan Mellberg | Director | Profile |
Already Invested in AroCell AB?
The danger of trading AroCell 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 AroCell 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 AroCell AB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AroCell 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 AroCell 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for AroCell Stock analysis
When running AroCell AB's price analysis, check to measure AroCell 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 AroCell AB is operating at the current time. Most of AroCell AB's value examination focuses on studying past and present price action to predict the probability of AroCell 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 AroCell AB's price. Additionally, you may evaluate how the addition of AroCell AB to your portfolios can decrease your overall portfolio volatility.
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