ALK Abell Correlations
| AKBLF Stock | USD 22.05 0.00 0.00% |
The current 90-days correlation between ALK Abell AS and Defence Therapeutics is 0.11 (i.e., Average diversification). The correlation of ALK Abell 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.
ALK Abell Correlation With Market
Average diversification
The correlation between ALK Abell AS and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALK Abell AS and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to ALK Abell could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALK Abell 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 ALK Abell - 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 ALK Abell AS to buy it.
Moving together with ALK Pink Sheet
| 0.71 | NVO | Novo Nordisk AS | PairCorr |
| 0.68 | NONOF | Novo Nordisk AS | PairCorr |
| 0.9 | CSLLY | CSL | PairCorr |
| 0.88 | CMXHF | CSL Limited | PairCorr |
| 0.87 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.86 | QSAM | Qsam Biosciences | PairCorr |
| 0.77 | MCAE | Mountain Crest Acqui | PairCorr |
| 0.69 | NIHK | Video River Networks | PairCorr |
| 0.63 | GLUC | Glucose Health | PairCorr |
| 0.87 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.75 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.87 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against ALK Pink Sheet
| 0.9 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.77 | SLF | Sun Life Financial | PairCorr |
| 0.66 | HNRC | Houston Natural Resources | PairCorr |
| 0.65 | GOOG | Alphabet Class C | PairCorr |
| 0.9 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | DIS | Walt Disney | PairCorr |
| 0.88 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.84 | WMT | Walmart | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | CSCO | Cisco Systems | PairCorr |
| 0.78 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | PYPL | PayPal Holdings | PairCorr |
| 0.75 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.49 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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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 ALK Pink Sheet performing well and ALK Abell 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 ALK Abell'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DTCFF | 0.75 | 0.04 | 0.00 | 0.16 | 0.00 | 0.00 | 25.87 | |||
| ALRN | 4.56 | (0.43) | 0.00 | (0.47) | 0.00 | 9.81 | 41.47 | |||
| ENLV | 3.46 | (0.32) | 0.00 | (0.47) | 0.00 | 9.03 | 26.52 | |||
| LVCLF | 1.99 | (0.35) | 0.00 | 0.68 | 0.00 | 0.00 | 66.02 | |||
| MCET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HESG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MYMX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MRZM | 9.18 | 1.08 | 0.03 | (0.28) | 11.30 | 33.33 | 128.57 |
Be your own money manager
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ALK Abell Corporate Management
| Henrik Jacobi | Executive VP of RandD and Member of Board of Management | Profile | |
| Soren Jelert | Ex CFO | Profile | |
| Miles Guralnick | Pres Inc | Profile | |
| Sren Jelert | Ex CFO | Profile | |
| Christian Houghton | Head Supply | Profile |