Bactiguard Holding Correlations

BACTI-B Stock

SEK 35.60 0.60 1.71%

The current 90-days correlation between Bactiguard Holding and Mekonomen AB is -0.01 (i.e., Good diversification). The correlation of Bactiguard Holding 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.

Bactiguard Holding Correlation With Market

Significant diversification

The correlation between Bactiguard Holding AB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bactiguard Holding AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bactiguard Stock

0.61	XVIVO	Xvivo Perfusion AB	Pair Corr
0.72	BICO	BICO Group AB	Pair Corr
0.89	ADDV-B	ADDvise Group B	Pair Corr
0.79	MNTC	Mentice AB	Pair Corr
0.62	ALM-PREF	ALM Equity AB	Pair Corr
0.65	ALM	ALM Equity AB	Pair Corr
0.61	LUND-B	L E Lundbergfretagen	Pair Corr
0.63	HOLM-B	Holmen AB	Pair Corr
0.62	HOLM-A	Holmen AB	Pair Corr
0.74	CATE	Catena AB	Pair Corr

Moving against Bactiguard Stock

0.6	PAX	Paxman AB	Pair Corr
0.83	BETS-B	Betsson AB	Pair Corr
0.83	CDON	CDON AB	Pair Corr
0.7	NTEK-B	Novotek AB	Pair Corr
0.69	AQ	AQ Group AB	Pair Corr
0.67	SECARE	Swedencare publ AB	Pair Corr
0.63	AMBEA	Ambea AB	Pair Corr
0.54	ENEA	Enea AB	Pair Corr
0.34	ELIC	Elicera Therapeutics	Pair Corr
0.31	EG7	Enad Global 7	Pair Corr

Related Correlations Analysis

	IZAFE-B	MEKO	EMBELL	AAC	AOI	MMGR-B	CI	SHB-A	ALCA	FAG
IZAFE-B		0.24	0.12	0.01	0.07	0.45	-0.12	0.46	-0.21	-0.18	IZAFE-B
MEKO	0.24		0.29	-0.56	-0.72	0.34	0.55	-0.4	0.42	0.44	MEKO
EMBELL	0.12	0.29		-0.57	-0.22	0.06	0.19	-0.19	0.47	0.14	EMBELL
AAC	0.01	-0.56	-0.57		0.61	0.12	-0.73	0.64	-0.79	-0.49	AAC
AOI	0.07	-0.72	-0.22	0.61		0.06	-0.73	0.67	-0.66	-0.53	AOI
MMGR-B	0.45	0.34	0.06	0.12	0.06		-0.22	0.33	-0.22	-0.22	MMGR-B
CI	-0.12	0.55	0.19	-0.73	-0.73	-0.22		-0.75	0.72	0.72	CI
SHB-A	0.46	-0.4	-0.19	0.64	0.67	0.33	-0.75		-0.86	-0.53	SHB-A
ALCA	-0.21	0.42	0.47	-0.79	-0.66	-0.22	0.72	-0.86		0.4	ALCA
FAG	-0.18	0.44	0.14	-0.49	-0.53	-0.22	0.72	-0.53	0.4		FAG
	IZAFE-B	MEKO	EMBELL	AAC	AOI	MMGR-B	CI	SHB-A	ALCA	FAG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ALCA	+ 0.72	CI
FAG	+ 0.72	CI
SHB-A	+ 0.67	AOI
SHB-A	+ 0.64	AAC
AOI	+ 0.61	AAC
CI	+ 0.55	MEKO

High negative correlations

ALCA	- 0.86	SHB-A
ALCA	- 0.79	AAC
SHB-A	- 0.75	CI
CI	- 0.73	AOI
CI	- 0.73	AAC
AOI	- 0.72	MEKO

Risk-Adjusted Indicators

There is a big difference between Bactiguard Stock performing well and Bactiguard Holding 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 Bactiguard Holding'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
IZAFE-B	3.72	0.13	0.02	(0.29)	4.02	(6.27)	9.09	(5.00)	29.29
MEKO	1.21	(0.06)	0.00	(0.70)	0.00	0.00	2.11	(2.82)	8.74
EMBELL	1.29	0.02	0.00	0.55	1.52	(1.67)	3.63	(2.32)	8.81
AAC	2.50	0.53	0.21	(0.84)	1.95	(3.34)	7.18	(3.52)	20.58
AOI	1.69	0.21	0.10	0.35	1.69	(1.90)	3.64	(3.57)	11.11
MMGR-B	1.37	0.06	0.02	(0.26)	1.87	(1.39)	2.86	(3.07)	12.98
CI	2.79	(0.63)	0.00	1.04	0.00	0.00	7.14	(7.14)	27.50
SHB-A	0.84	0.26	0.30	0.93	0.48	(1.02)	1.82	(1.31)	9.93
ALCA	1.58	(0.47)	0.00	0.79	0.00	0.00	3.11	(3.29)	21.96
FAG	1.12	(0.15)	0.00	(0.54)	0.00	0.00	2.46	(2.12)	5.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bactiguard Holding 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 Portfolio Anywhere Now

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Bactiguard Holding Corporate Management

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

Sathish Subramaniam	Chief Officer	Profile
Carin Jakobson	Chief Officer	Profile
Peter Radqvist	Head Sales	Profile
Stefan Grass	Deputy Officer	Profile
Anders Goransson	Chief Officer	Profile
Carl Fredin	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC