ABB Correlations
| ABB Stock | SEK 612.40 5.20 0.84% |
The current 90-days correlation between ABB and Alfa Laval AB is 0.61 (i.e., Poor diversification). The correlation of ABB 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. If the correlation is 0, the equities are not correlated; they are entirely random.
ABB Correlation With Market
Very weak diversification
The correlation between ABB and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABB and DJI in the same portfolio, assuming nothing else is changed.
ABB |
The ability to find closely correlated positions to ABB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABB 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 ABB - 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 ABB to buy it.
Moving together with ABB Stock
| 0.72 | COIC | Concentric AB | PairCorr |
| 0.77 | VOLV-B | AB Volvo | PairCorr |
| 0.74 | VOLV-A | AB Volvo | PairCorr |
| 0.75 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.9 | SKA-B | Skanska AB | PairCorr |
| 0.71 | TRUE-B | Truecaller AB | PairCorr |
Moving against ABB Stock
| 0.81 | XANO-B | XANO Industri AB | PairCorr |
| 0.78 | ESSITY-A | Essity AB | PairCorr |
| 0.78 | ESSITY-B | Essity AB | PairCorr |
| 0.66 | ABSO | Absolent Group AB | PairCorr |
| 0.65 | BEIA-B | Beijer Alma AB | PairCorr |
| 0.58 | GARO | Garo AB | PairCorr |
| 0.43 | VOLCAR-B | Volvo Car AB | PairCorr |
Related Correlations Analysis
| 0.23 | 0.69 | 0.93 | 0.64 | SAND | ||
| 0.23 | 0.64 | 0.09 | 0.7 | SKF-B | ||
| 0.69 | 0.64 | 0.66 | 0.83 | ALFA | ||
| 0.93 | 0.09 | 0.66 | 0.58 | ATCO-B | ||
| 0.64 | 0.7 | 0.83 | 0.58 | BOL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between ABB Stock performing well and ABB 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 ABB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAND | 1.11 | (0.18) | 0.00 | (0.11) | 0.00 | 2.23 | 8.28 | |||
| SKF-B | 1.36 | 0.04 | (0.01) | 0.20 | 1.68 | 2.67 | 9.89 | |||
| ALFA | 0.94 | 0.01 | (0.04) | 0.15 | 1.13 | 2.31 | 6.00 | |||
| ATCO-B | 1.06 | (0.17) | 0.00 | (0.08) | 0.00 | 2.40 | 8.09 | |||
| BOL | 1.45 | 0.00 | (0.03) | 0.11 | 2.05 | 3.36 | 10.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ABB 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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ABB Corporate Management
Elected by the shareholders, the ABB's board of directors comprises two types of representatives: ABB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ABB. The board's role is to monitor ABB's management team and ensure that shareholders' interests are well served. ABB'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, ABB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tarak Mehta | Member of the Executive Committee, Head of the Electrification Products division | Profile | |
| Peter Terwiesch | Member of the Executive Committee and Head of the Process Automation division | Profile | |
| AnnSofie Nordh | Group Relations | Profile | |
| Alec Joannou | Chief Officer | Profile | |
| Andrea Antonelli | G Sec | Profile |