Skandinaviska Enskilda Correlations
SEBC Stock | EUR 12.72 0.20 1.55% |
The correlation of Skandinaviska Enskilda 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 Skandinaviska Enskilda moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skandinaviska Enskilda Banken 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 Skandinaviska Enskilda Banken and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skandinaviska Enskilda Banken and NYA in the same portfolio, assuming nothing else is changed.
Skandinaviska |
The ability to find closely correlated positions to Skandinaviska Enskilda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skandinaviska Enskilda 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 Skandinaviska Enskilda - 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 Skandinaviska Enskilda Banken to buy it.
Moving together with Skandinaviska Stock
0.85 | BNP | BNP Paribas SA Earnings Call This Week | PairCorr |
0.83 | BNPH | BNP PARIBAS ADR | PairCorr |
0.82 | IES | Intesa Sanpaolo SpA | PairCorr |
0.88 | LLD | Lloyds Banking Group | PairCorr |
0.85 | LLD2 | Lloyds Banking Group | PairCorr |
0.82 | CRIN | UniCredit SpA | PairCorr |
0.73 | XCA | Crdit Agricole SA | PairCorr |
0.82 | 48CA | CaixaBank SA | PairCorr |
0.82 | KDB | KBC Group NV | PairCorr |
0.74 | W5E | Peel Mining Limited | PairCorr |
0.74 | RNF | Meteoric Resources | PairCorr |
Moving against Skandinaviska Stock
0.85 | DBPD | Xtrackers ShortDAX | PairCorr |
0.77 | 3HB | HYBRIGENICS A | PairCorr |
0.66 | BBZA | BB Biotech AG | PairCorr |
0.65 | BBZA | BB Biotech AG | PairCorr |
0.44 | GAG | GORE German Office | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Skandinaviska Stock performing well and Skandinaviska Enskilda 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 Skandinaviska Enskilda'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SEBA | 1.39 | 0.35 | 0.23 | 1.06 | 1.00 | 2.60 | 26.20 | |||
HSB | 1.97 | 1.15 | 0.52 | (0.80) | 0.71 | 5.00 | 37.59 | |||
UOB | 0.91 | 0.16 | 0.07 | (1.03) | 0.87 | 1.74 | 4.13 | |||
CHZ | 2.48 | 0.54 | 0.13 | (0.36) | 2.35 | 6.43 | 15.95 | |||
CNNA | 1.89 | 0.07 | 0.00 | (1.07) | 2.79 | 4.51 | 17.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Skandinaviska Enskilda 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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Skandinaviska Enskilda Corporate Management
Elected by the shareholders, the Skandinaviska Enskilda's board of directors comprises two types of representatives: Skandinaviska Enskilda inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Skandinaviska. The board's role is to monitor Skandinaviska Enskilda's management team and ensure that shareholders' interests are well served. Skandinaviska Enskilda'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, Skandinaviska Enskilda's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johan Torgeby | Co-Head of Merchant Banking Division | Profile | |
Svante Hedin | Currency Income | Profile | |
Jeanette Almberg | Head of Group Human Resources | Profile | |
Javiera Ragnartz | Head Division | Profile | |
Petra Alund | Head Mang | Profile | |
Gent Jansson | Head Compliance | Profile | |
John Abrahamson | Head Unit | Profile |
Already Invested in Skandinaviska Enskilda Banken?
The danger of trading Skandinaviska Enskilda Banken 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 Skandinaviska Enskilda 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 Skandinaviska Enskilda. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Skandinaviska Enskilda 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skandinaviska Enskilda Banken. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Skandinaviska Enskilda information on this page should be used as a complementary analysis to other Skandinaviska Enskilda's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Skandinaviska Stock analysis
When running Skandinaviska Enskilda's price analysis, check to measure Skandinaviska Enskilda'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 Skandinaviska Enskilda is operating at the current time. Most of Skandinaviska Enskilda's value examination focuses on studying past and present price action to predict the probability of Skandinaviska Enskilda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skandinaviska Enskilda's price. Additionally, you may evaluate how the addition of Skandinaviska Enskilda to your portfolios can decrease your overall portfolio volatility.
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