Axactor SE Correlations

ACR Stock

NOK 7.26 0.22 3.12%

The current 90-days correlation between Axactor SE and Sparebank 1 Nordvest is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axactor SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axactor SE moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Axactor SE Correlation With Market

Poor diversification

The correlation between Axactor SE and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axactor SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Axactor SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axactor SE 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 Axactor SE - 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 Axactor SE to buy it.

Moving together with Axactor Stock

0.62

NHY

Norsk Hydro ASA

Pair Corr

Moving against Axactor Stock

0.32	ZAP	Zaptec AS	Pair Corr
0.56	NORSE	Norse Atlantic ASA	Pair Corr
0.45	MOWI	Mowi ASA	Pair Corr
0.32	GOD	Goodtech	Pair Corr

Related Correlations Analysis

	SNOR	SPOG	INSTA	AURG	ABG	NBX	VVL	AKH	SKUE
SNOR		0.87	0.79	0.59	0.41	-0.73	0.83	-0.77	0.82	SNOR
SPOG	0.87		0.84	0.65	0.48	-0.77	0.88	-0.81	0.88	SPOG
INSTA	0.79	0.84		0.54	0.19	-0.73	0.82	-0.87	0.73	INSTA
AURG	0.59	0.65	0.54		0.14	-0.53	0.73	-0.4	0.67	AURG
ABG	0.41	0.48	0.19	0.14		-0.47	0.3	-0.39	0.39	ABG
NBX	-0.73	-0.77	-0.73	-0.53	-0.47		-0.75	0.83	-0.64	NBX
VVL	0.83	0.88	0.82	0.73	0.3	-0.75		-0.77	0.83	VVL
AKH	-0.77	-0.81	-0.87	-0.4	-0.39	0.83	-0.77		-0.63	AKH
SKUE	0.82	0.88	0.73	0.67	0.39	-0.64	0.83	-0.63		SKUE
	SNOR	SPOG	INSTA	AURG	ABG	NBX	VVL	AKH	SKUE

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

VVL	+ 0.88	SPOG
SKUE	+ 0.88	SPOG
SPOG	+ 0.87	SNOR
INSTA	+ 0.84	SPOG
VVL	+ 0.83	SNOR
AKH	+ 0.83	NBX

High negative correlations

AKH	- 0.87	INSTA
AKH	- 0.81	SPOG
AKH	- 0.77	VVL
NBX	- 0.77	SPOG
AKH	- 0.77	SNOR
VVL	- 0.75	NBX

Risk-Adjusted Indicators

There is a big difference between Axactor Stock performing well and Axactor SE 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 Axactor SE'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
SNOR	1.02	0.14	0.08	0.69	1.11	(1.13)	1.75	(2.14)	7.17
SPOG	0.74	0.18	0.11	(3.04)	1.02	(0.77)	1.32	(1.44)	8.03
INSTA	1.15	0.30	0.16	0.63	1.27	(1.35)	2.99	(2.01)	8.93
AURG	0.99	0.06	0.01	(0.37)	1.20	(1.14)	2.40	(2.87)	6.49
ABG	0.78	0.02	(0.01)	0.18	0.87	(0.95)	1.77	(1.58)	5.61
NBX	3.40	(0.16)	0.00	0.24	0.00	0.00	8.11	(7.14)	21.97
VVL	0.95	0.10	0.04	(0.38)	1.09	(1.31)	2.51	(2.48)	5.18
AKH	6.26	(1.62)	0.00	(1.09)	0.00	0.00	11.61	(12.82)	97.34
SKUE	0.91	0.14	0.09	0.36	1.01	(0.98)	2.07	(1.67)	6.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Axactor SE 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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Axactor SE Corporate Management

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

Johnny Vasili	Chief Officer	Profile
Nina Mortensen	Chief Officer	Profile
David Martin	Country Spain	Profile
Arnt Dullum	Chief Officer	Profile
Vibeke Ly	Chief Staff	Profile
Kyrre Svae	Chief IR	Profile
Andrs Lpez	Country Spain	Profile

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