Alfa Laval Correlations
| ALFVY Stock | USD 43.06 0.13 0.30% |
The current 90-days correlation between Alfa Laval AB and Aumann AG is 0.23 (i.e., Modest diversification). The correlation of Alfa Laval 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.
Alfa Laval Correlation With Market
Modest diversification
The correlation between Alfa Laval AB and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alfa Laval AB and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Alfa Laval could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alfa Laval 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 Alfa Laval - 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 Alfa Laval AB to buy it.
Moving together with Alfa Pink Sheet
| 0.65 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | SBGSY | Schneider Electric | PairCorr |
| 0.68 | SBGSF | Schneider Electric | PairCorr |
Moving against Alfa Pink Sheet
| 0.4 | FSTF | First State Financial | PairCorr |
| 0.57 | GM | General Motors Aggressive Push | PairCorr |
| 0.54 | DXYZ | Destiny Tech100 Trending | PairCorr |
| 0.49 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.47 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.41 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.39 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.39 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.31 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.31 | SNOW | Snowflake Trending | 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 Alfa Pink Sheet performing well and Alfa Laval 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 Alfa Laval'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUUMF | 0.37 | (0.17) | 0.00 | (0.72) | 0.00 | 0.00 | 7.83 | |||
| ASPW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATLFF | 0.50 | 0.24 | 0.00 | (1.09) | 0.00 | 0.83 | 9.76 | |||
| AACS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMROF | 0.24 | 0.00 | 0.00 | 0.75 | 0.00 | 0.00 | 7.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alfa Laval 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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Alfa Laval Corporate Management
| Emma Adlerton | Gen Directors | Profile | |
| Johan Lundin | Head Relations | Profile | |
| Joakim Eng | VP Service | Profile | |
| Gabriella Grotte | Investor Relations Manager | Profile | |
| Sara HelwegLarsen | VP Communications | Profile | |
| Frank Bolata | Chief Officer | Profile | |
| Mikael Tydn | Pres Division | Profile |