AB Electrolux Correlations
| ELUX-B Stock | SEK 91.80 5.52 5.67% |
The correlation of AB Electrolux 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 AB Electrolux moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Electrolux 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 AB Electrolux and NYA is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Electrolux and NYA in the same portfolio, assuming nothing else is changed.
ELUX-B |
The ability to find closely correlated positions to AB Electrolux could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Electrolux 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 AB Electrolux - 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 AB Electrolux to buy it.
Moving together with ELUX-B Stock
Related Correlations Analysis
| 0.55 | 0.78 | 0.86 | 0.61 | SKF-B | ||
| 0.55 | 0.16 | 0.7 | 0.45 | TEL2-B | ||
| 0.78 | 0.16 | 0.66 | 0.53 | SAND | ||
| 0.86 | 0.7 | 0.66 | 0.55 | SKA-B | ||
| 0.61 | 0.45 | 0.53 | 0.55 | HUSQ-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between ELUX-B Stock performing well and AB Electrolux 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 AB Electrolux'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKF-B | 1.08 | 0.26 | 0.19 | 1.48 | 0.95 | 2.92 | 6.78 | |||
| TEL2-B | 1.12 | 0.26 | 0.20 | 1.29 | 0.82 | 2.90 | 8.53 | |||
| SAND | 0.90 | 0.06 | 0.00 | (0.16) | 1.40 | 1.91 | 6.59 | |||
| SKA-B | 1.06 | 0.26 | 0.18 | 2.62 | 0.96 | 3.00 | 8.11 | |||
| HUSQ-B | 1.29 | 0.15 | 0.04 | (0.13) | 1.59 | 3.06 | 6.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AB Electrolux 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?
Run AI Portfolio Architect Now
AI Portfolio ArchitectUse AI to generate optimal portfolios and find profitable investment opportunities |
| All Next | Launch Module |
AB Electrolux Corporate Management
Elected by the shareholders, the AB Electrolux's board of directors comprises two types of representatives: AB Electrolux inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ELUX-B. The board's role is to monitor AB Electrolux's management team and ensure that shareholders' interests are well served. AB Electrolux'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, AB Electrolux's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sophie Arnius | Head Relations | Profile | |
| MSc Econ | CEO Pres | Profile | |
| Carsten Franke | Head VP | Profile | |
| Jose Flor | Managing Region | Profile | |
| Ulrika Elfving | Group Board | Profile | |
| Anna OhlssonLeijon | Ex Officer | Profile | |
| J Iversen | Chief Officer | Profile |
Already Invested in AB Electrolux?
The danger of trading AB Electrolux 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 AB Electrolux 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 AB Electrolux. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AB Electrolux 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AB Electrolux. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for ELUX-B Stock analysis
When running AB Electrolux's price analysis, check to measure AB Electrolux'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 AB Electrolux is operating at the current time. Most of AB Electrolux's value examination focuses on studying past and present price action to predict the probability of AB Electrolux's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB Electrolux's price. Additionally, you may evaluate how the addition of AB Electrolux to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |