Intrum AB Correlations

Stocks . UK . 
Stock . Intrum AB
0H9P Stock  SEK 37.82  0.30  0.79%   
The current 90-days correlation between Intrum AB and Southwest Airlines Co is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intrum AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intrum AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Intrum AB Correlation With Market

Average diversification

The correlation between Intrum AB and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrum AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Intrum 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 Intrum 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 Intrum 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 Intrum AB to buy it.

Moving together with Intrum Stock

  0.81BANK Fiinu PLCPairCorr
  0.9BTC Vinanz LimitedPairCorr
  0.89VAST Vast Resources PLCPairCorr
  0.62WCAT Wildcat Petroleum PlcPairCorr

Moving against Intrum Stock

  0.89SUS SU plcPairCorr
  0.870RQ9 Lundin Mining CorpPairCorr
  0.83JUST Just Group plcPairCorr
  0.81BNC Banco Santander SAPairCorr
  0.780QZK Coca ColaPairCorr
  0.77ALK Alkemy Capital InvesPairCorr
  0.770JWG MKS InstrumentsPairCorr
  0.72EUA Eurasia MiningPairCorr
  0.610KED Infineon TechnologiesPairCorr
  0.6CAD Cadogan Petroleum plcPairCorr
  0.58STEM SThree plcPairCorr
  0.54ECO Eco Oil GasPairCorr
  0.5ZEG Zegona Communications PlcPairCorr
  0.42PPHC Public Policy Holding SplitPairCorr
  0.38SSIT Seraphim Space InvestmentPairCorr
  0.32NEO Neo Energy MetalsPairCorr
  0.89RE-B REA Holdings plcPairCorr
  0.88SSE SSE PLCPairCorr
  0.85BERI Blackrock EnergyPairCorr
  0.84IHG InterContinental HotelsPairCorr
  0.750SCL SchlumbergerPairCorr
  0.74PCFT Polar Capital GlobalPairCorr
  0.720JRL Kohl CorpPairCorr
  0.68RS1 RS GROUP PLCPairCorr
  0.660P6S Bayer AG NAPairCorr
  0.65UAV Unicorn AIM VCTPairCorr
  0.64DRX Drax Group PLCPairCorr
  0.61TENG Ten Lifestyle GroupPairCorr

Related Correlations Analysis


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

CPIC
+ 0.87
TM1
0GDR
+ 0.86
0L8F
0RMV
+ 0.71
SYM
0RMV
+ 0.7
0GDR
0RMV
+ 0.61
CPIC
SYM
+ 0.57
CPIC
  

High negative correlations

0RMV
- 0.79
PRTC
0GDR
- 0.59
PRTC
PRTC
- 0.59
SYM
PRTC
- 0.52
CPIC
PRTC
- 0.44
0L8F
PRTC
- 0.17
TM1

Risk-Adjusted Indicators

There is a big difference between Intrum Stock performing well and Intrum 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 Intrum 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Intrum 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.

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Intrum AB Corporate Management

Elected by the shareholders, the Intrum AB's board of directors comprises two types of representatives: Intrum AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intrum. The board's role is to monitor Intrum AB's management team and ensure that shareholders' interests are well served. Intrum 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, Intrum AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johan BrodinChief OfficerProfile
Anna FallChief OfficerProfile
Annette BChief OfficerProfile
Mohammed SalloumInterim OfficerProfile
Mats GustafssonActing DevelProfile
Lina ClaessonChief OfficerProfile
Chantal VerbeekVingerhoedChief OfficerProfile
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