CLAVISTER HOLDING Correlations
| 89P Stock | 0.33 0.01 2.94% |
The current 90-days correlation between CLAVISTER HOLDING and BANK RAKYAT IND is -0.07 (i.e., Good diversification). The correlation of CLAVISTER HOLDING 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.
CLAVISTER HOLDING Correlation With Market
Very weak diversification
The correlation between CLAVISTER HOLDING AB and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLAVISTER HOLDING AB and DJI in the same portfolio, assuming nothing else is changed.
CLAVISTER |
The ability to find closely correlated positions to CLAVISTER HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLAVISTER HOLDING 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 CLAVISTER HOLDING - 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 CLAVISTER HOLDING AB to buy it.
Moving together with CLAVISTER Stock
| 0.69 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.65 | 10N | Enter Air SA | PairCorr |
| 0.72 | TQI | TELECOM ITALIA | PairCorr |
| 0.72 | SII | Wheaton Precious Metals | PairCorr |
| 0.75 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.75 | ASME | ASML Holding NV | PairCorr |
| 0.68 | SKNB | Skanska AB | PairCorr |
| 0.65 | G40 | GDS Holdings Limited | PairCorr |
Moving against CLAVISTER Stock
| 0.64 | SON1 | Sony Group Corp | PairCorr |
| 0.45 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.43 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.31 | 777 | EUROSPORTS GLOBAL LTD | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between CLAVISTER Stock performing well and CLAVISTER HOLDING 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 CLAVISTER HOLDING'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSU | 2.94 | 0.96 | 0.35 | 1.64 | 2.16 | 7.66 | 15.03 | |||
| SSUN | 2.60 | 0.79 | 0.27 | 0.91 | 2.28 | 6.04 | 14.94 | |||
| ASJA | 3.15 | 0.14 | 0.01 | (0.13) | 3.83 | 6.67 | 25.24 | |||
| ASJA | 4.61 | 0.20 | 0.02 | 3.74 | 5.13 | 12.50 | 31.11 | |||
| ASJA | 0.89 | 0.17 | 0.00 | (1.01) | 0.00 | 3.03 | 23.05 | |||
| ASJA | 0.74 | 0.08 | 0.01 | 0.51 | 0.93 | 3.13 | 6.35 | |||
| SSUN | 2.58 | 0.82 | 0.29 | 0.92 | 2.12 | 6.24 | 13.83 | |||
| SSU | 2.84 | 0.90 | 0.33 | 1.08 | 2.03 | 6.22 | 15.50 | |||
| BYRA | 1.29 | (0.22) | 0.00 | (0.39) | 0.00 | 5.00 | 35.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CLAVISTER HOLDING 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 CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
CLAVISTER HOLDING Corporate Management
Elected by the shareholders, the CLAVISTER HOLDING's board of directors comprises two types of representatives: CLAVISTER HOLDING inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CLAVISTER. The board's role is to monitor CLAVISTER HOLDING's management team and ensure that shareholders' interests are well served. CLAVISTER HOLDING'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, CLAVISTER HOLDING's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Maja Fiske | Chief Officer | Profile | |
| David Nordstrom | Chief Officer | Profile | |
| Ida LeRuyet | Manager Communication | Profile | |
| Nils Unden | Chief Officer | Profile |