Cellink AB Correlations

Stocks . Germany . 
Stock . Cellink AB
49Z Stock  EUR 1.65  0.07  4.43%   
The current 90-days correlation between Cellink AB and Selective Insurance Group is -0.02 (i.e., Good diversification). The correlation of Cellink 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.

Cellink AB Correlation With Market

Very good diversification

The correlation between Cellink AB and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cellink AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cellink 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 Cellink 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 Cellink 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 Cellink AB to buy it.

Moving against Cellink Stock

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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

SV2
+ 0.86
RGPB
RGPB
+ 0.73
ZFI1
SV2
+ 0.67
MOB
SV2
+ 0.64
ZFI1
TSI
+ 0.61
T6W
MOB
+ 0.56
NY70
  

High negative correlations

TSI
- 0.73
MOB
RGPB
- 0.68
TSI
SV2
- 0.66
TSI
TSI
- 0.64
NY70
MOB
- 0.62
T6W
TSI
- 0.57
S49

Risk-Adjusted Indicators

There is a big difference between Cellink Stock performing well and Cellink 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 Cellink 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 Cellink 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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Cellink AB Corporate Management

Elected by the shareholders, the Cellink AB's board of directors comprises two types of representatives: Cellink AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cellink. The board's role is to monitor Cellink AB's management team and ensure that shareholders' interests are well served. Cellink 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, Cellink AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
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