Eolus Vind Correlations
EOLU-B Stock | SEK 76.20 0.20 0.26% |
The correlation of Eolus Vind 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 Eolus Vind moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eolus Vind 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.
Average diversification
The correlation between Eolus Vind AB and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eolus Vind AB and NYA in the same portfolio, assuming nothing else is changed.
Eolus |
The ability to find closely correlated positions to Eolus Vind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eolus Vind 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 Eolus Vind - 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 Eolus Vind AB to buy it.
Related Correlations Analysis
0.85 | -0.25 | 0.7 | -0.23 | HTRO | ||
0.85 | -0.18 | 0.68 | -0.18 | STOR-B | ||
-0.25 | -0.18 | -0.46 | 0.37 | SINCH | ||
0.7 | 0.68 | -0.46 | -0.36 | SBB-B | ||
-0.23 | -0.18 | 0.37 | -0.36 | AEGIR | ||
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
|
Risk-Adjusted Indicators
There is a big difference between Eolus Stock performing well and Eolus Vind 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 Eolus Vind'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HTRO | 3.00 | 0.39 | 0.11 | 0.44 | 3.20 | 5.95 | 24.82 | |||
STOR-B | 2.83 | 0.30 | 0.03 | (0.15) | 4.21 | 6.16 | 20.86 | |||
SINCH | 2.54 | (0.14) | 0.00 | 0.24 | 0.00 | 4.99 | 24.60 | |||
SBB-B | 3.47 | 0.41 | 0.09 | 0.53 | 4.11 | 9.17 | 26.51 | |||
AEGIR | 3.80 | 0.38 | 0.05 | (0.16) | 3.50 | 10.17 | 19.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eolus Vind 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 Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
All Next | Launch Module |
Eolus Vind Corporate Management
Elected by the shareholders, the Eolus Vind's board of directors comprises two types of representatives: Eolus Vind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eolus. The board's role is to monitor Eolus Vind's management team and ensure that shareholders' interests are well served. Eolus Vind'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, Eolus Vind's outside directors are responsible for providing unbiased perspectives on the board's policies.
Karin Heydl | Sustainability Communication | Profile | |
Thomas Andersson | Head Operations | Profile | |
Helene Sebren | Head HR | Profile | |
Michiel Messing | Head Function | Profile | |
Karl Olsson | G Counsel | Profile | |
Inga Abolina | Head Baltics | Profile | |
Per Witalisson | Chief Officer | Profile |
Already Invested in Eolus Vind AB?
The danger of trading Eolus Vind 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 Eolus Vind 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 Eolus Vind. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eolus Vind 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eolus Vind 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Eolus Stock analysis
When running Eolus Vind's price analysis, check to measure Eolus Vind'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 Eolus Vind is operating at the current time. Most of Eolus Vind's value examination focuses on studying past and present price action to predict the probability of Eolus Vind's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eolus Vind's price. Additionally, you may evaluate how the addition of Eolus Vind to your portfolios can decrease your overall portfolio volatility.
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
CEOs Directory Screen CEOs from public companies around the world | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |