Boliden AB Correlations

Summary

BOLIFDelisted Stock

USD 34.65 0.00 0.00%

The current 90-days correlation between Boliden AB and United Tractors Tbk is 0.01 (i.e., Significant diversification). The correlation of Boliden AB 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.

Boliden AB Correlation With Market

Significant diversification

The correlation between Boliden AB and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boliden AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Boliden Pink Sheet

0.64	BHPLF	BHP Group Limited	Pair Corr
0.73	APLD	Applied Blockchain Trending	Pair Corr
0.64	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.66	ADSK	Autodesk	Pair Corr
0.65	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr

Moving against Boliden Pink Sheet

0.57	AMIX	Autonomix Medical, Common	Pair Corr
0.47	BCH	Banco De Chile	Pair Corr
0.42	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	AVRTF	AUMTF	ADTLF	BBBMF	ASMMF	PUTKY	ILKAY	BDNNY	AAUKF	GLNCY
AVRTF		0.1	-0.15	0.27	0.34	0.45	0.39	0.33	0.09	0.47	AVRTF
AUMTF	0.1		0.4	0.23	0.24	0.01	0.14	0.16	0.14	0.04	AUMTF
ADTLF	-0.15	0.4		0.71	0.58	0.04	0.36	0.42	0.63	0.19	ADTLF
BBBMF	0.27	0.23	0.71		0.8	0.24	0.66	0.7	0.62	0.54	BBBMF
ASMMF	0.34	0.24	0.58	0.8		0.2	0.65	0.59	0.48	0.52	ASMMF
PUTKY	0.45	0.01	0.04	0.24	0.2		0.32	0.39	0.31	0.41	PUTKY
ILKAY	0.39	0.14	0.36	0.66	0.65	0.32		0.85	0.74	0.88	ILKAY
BDNNY	0.33	0.16	0.42	0.7	0.59	0.39	0.85		0.74	0.86	BDNNY
AAUKF	0.09	0.14	0.63	0.62	0.48	0.31	0.74	0.74		0.69	AAUKF
GLNCY	0.47	0.04	0.19	0.54	0.52	0.41	0.88	0.86	0.69		GLNCY
	AVRTF	AUMTF	ADTLF	BBBMF	ASMMF	PUTKY	ILKAY	BDNNY	AAUKF	GLNCY

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

GLNCY	+ 0.88	ILKAY
GLNCY	+ 0.86	BDNNY
BDNNY	+ 0.85	ILKAY
ASMMF	+ 0.8	BBBMF
AAUKF	+ 0.74	ILKAY
AAUKF	+ 0.74	BDNNY

High negative correlations

ADTLF

- 0.15

AVRTF

Risk-Adjusted Indicators

There is a big difference between Boliden Pink Sheet performing well and Boliden AB 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 Boliden AB'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
AVRTF	2.53	(1.54)	0.00	(0.71)	0.00	0.00	0.00	0.00	84.29
AUMTF	0.60	0.05	0.00	(0.34)	0.00	0.00	0.00	0.00	36.67
ADTLF	1.94	0.39	0.06	0.85	2.07	(4.72)	5.20	(4.76)	25.51
BBBMF	18.19	7.74	0.00	(4.27)	0.00	0.00	0.00	0.00	667.47
ASMMF	2.35	0.22	0.03	0.32	2.87	(7.42)	6.25	(5.71)	33.12
PUTKY	1.26	0.03	(0.04)	0.32	1.64	(1.18)	3.40	(2.17)	10.18
ILKAY	1.46	(0.14)	0.00	(0.77)	0.00	0.00	5.05	(6.64)	24.85
BDNNY	1.77	(0.09)	0.00	(0.04)	0.00	0.00	2.80	(4.85)	12.38
AAUKF	1.31	(0.03)	(0.02)	0.07	1.90	(3.14)	3.66	(2.98)	20.87
GLNCY	1.50	(0.08)	0.00	0.33	0.00	0.00	3.22	(4.20)	12.80

View Boliden AB Related Equities

Avarone Metals Aurelia Metals Limited Adriatic Metals PLC Huntsman Exploration Australian Strategic Materials United Tractors Tbk Iluka Resources Ltd Boliden AB ADR Anglo American plc Glencore PLC ADR Fortescue Metals Group South32 Limited South32 ADR Anglo American PLC Sumitomo Metal Mining

Risk & Return

Correlation

Boliden AB Corporate Management

Olof Grenmark	Director Relations	Profile
Daniel Peltonen	Pres Smelters	Profile
Gunnar Agmalm	Head Evaluation	Profile
Gran Krdel	Chief Officer	Profile
Hkan Gabrielsson	Chief Officer	Profile
Stefan Romedahl	Pres Mines	Profile
MBA MSc	Pres CEO	Profile

Still Interested in Boliden AB?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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