Axactor SE Correlations
| ACR Stock | NOK 7.84 0.12 1.55% |
The current 90-days correlation between Axactor SE and Sparebank 1 Nordvest is -0.22 (i.e., Very good 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
Very poor diversification
The correlation between Axactor SE and DJI is 0.82 (i.e., Very 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.
Axactor |
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
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| 0.76 | WWI | Wilh Wilhelmsen Holding | PairCorr |
| 0.62 | AKSO | Aker Solutions ASA | PairCorr |
| 0.72 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.64 | DNB | DnB ASA | PairCorr |
| 0.65 | WAWI | Wallenius Wilhelmsen | PairCorr |
| 0.75 | KOMPL | Komplett AS | PairCorr |
| 0.76 | NSKOG | Norske Skog Asa | PairCorr |
| 0.67 | AKBM | Aker Biomarine AS | PairCorr |
| 0.83 | SCATC | Scatec Solar OL | PairCorr |
| 0.77 | HEX | Hexagon Composites ASA | PairCorr |
| 0.82 | YAR | Yara International ASA | PairCorr |
| 0.81 | EAM | EAM Solar ASA Earnings Call This Week | PairCorr |
| 0.69 | B2I | B2 Impact ASA | PairCorr |
| 0.66 | CMBTO | CmbTech NV Earnings Call This Week | PairCorr |
| 0.68 | SKUE | Skue Sparebank | PairCorr |
| 0.66 | AKER | Aker ASA | PairCorr |
| 0.76 | BWO | BW Offshore Earnings Call This Week | PairCorr |
| 0.64 | MGN | Magnora ASA Earnings Call This Week | PairCorr |
| 0.7 | ELMRA | Elmera Group ASA | PairCorr |
Moving against Axactor Stock
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
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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 | 0.20 | 0.09 | (10.37) | 1.04 | 1.80 | 7.17 | |||
| SPOG | 0.78 | 0.22 | 0.12 | 8.28 | 0.94 | 1.46 | 8.03 | |||
| INSTA | 1.07 | 0.34 | 0.27 | 0.94 | 0.67 | 2.99 | 5.85 | |||
| AURG | 0.88 | 0.10 | 0.02 | (0.57) | 0.93 | 2.40 | 6.49 | |||
| ABG | 0.92 | 0.14 | 0.09 | 0.58 | 0.79 | 2.33 | 6.72 | |||
| NBX | 3.37 | (0.34) | 0.00 | 0.64 | 0.00 | 7.32 | 20.78 | |||
| VVL | 0.87 | 0.12 | 0.03 | (0.67) | 0.94 | 2.51 | 5.18 | |||
| AKH | 5.38 | (1.72) | 0.00 | (3.21) | 0.00 | 8.82 | 97.34 | |||
| SKUE | 0.80 | 0.18 | 0.09 | 3.65 | 0.83 | 1.75 | 4.82 |
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.Did you try this?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
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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 |