Unibap AB Correlations
| UNIBAP Stock | SEK 2.86 0.09 3.25% |
The current 90-days correlation between Unibap AB and Hoylu AB is 0.07 (i.e., Significant diversification). The correlation of Unibap 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Unibap AB Correlation With Market
Good diversification
The correlation between Unibap 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 Unibap AB and NYA in the same portfolio, assuming nothing else is changed.
Unibap |
The ability to find closely correlated positions to Unibap 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 Unibap 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 Unibap 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 Unibap AB to buy it.
Moving together with Unibap Stock
| 0.74 | MYCR | Mycronic publ AB | PairCorr |
| 0.65 | PCELL | Powercell Sweden | PairCorr |
| 0.63 | AQ | AQ Group AB Split | PairCorr |
| 0.67 | ACUVI | Acuvi AB | PairCorr |
| 0.62 | CINIS | Cinis Fertilizer | PairCorr |
Moving against Unibap Stock
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 Unibap Stock performing well and Unibap 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 Unibap 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOYLU | 2.67 | 0.38 | 0.05 | (0.34) | 3.51 | 9.21 | 34.98 | |||
| DIVIO-B | 3.64 | (0.14) | 0.00 | 0.12 | 0.00 | 8.33 | 20.95 | |||
| XMR | 6.13 | (0.23) | 0.00 | (0.10) | 0.00 | 15.38 | 63.15 | |||
| ASAI | 4.57 | 0.36 | 0.06 | 5.47 | 5.70 | 10.00 | 28.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Unibap 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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Unibap AB Corporate Management
Elected by the shareholders, the Unibap AB's board of directors comprises two types of representatives: Unibap AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Unibap. The board's role is to monitor Unibap AB's management team and ensure that shareholders' interests are well served. Unibap 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, Unibap AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mathias Persson | Space Sales | Profile | |
| Jens Lagergren | Chief Officer | Profile | |
| Lena Jansson | Head of Talent and Communications | Profile | |
| Karolina Bruhn | Head of Operations | Profile | |
| Johan Aman | Chief Officer | Profile |