Case Group Correlations
| CASE Stock | 25.20 0.20 0.80% |
The current 90-days correlation between Case Group AB and NAXS Nordic Access is 0.2 (i.e., Modest diversification). The correlation of Case Group 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.
Case Group Correlation With Market
Very good diversification
The correlation between Case Group AB and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Case Group AB and DJI in the same portfolio, assuming nothing else is changed.
Case |
The ability to find closely correlated positions to Case Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Case Group 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 Case Group - 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 Case Group AB to buy it.
Moving against Case Stock
| 0.4 | INVE-A | Investor AB ser | PairCorr |
| 0.4 | INVE-B | Investor AB ser | PairCorr |
| 0.32 | INDU-C | Industrivarden AB ser | PairCorr |
| 0.67 | PEAB-B | Peab AB | PairCorr |
| 0.64 | SDS | Seamless Distribution | PairCorr |
| 0.58 | SSAB-B | SSAB AB | PairCorr |
| 0.54 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.54 | PREV-B | Prevas AB | PairCorr |
| 0.52 | SDIP-B | Sdiptech AB | PairCorr |
| 0.52 | OGUN-B | Ogunsen AB Series | PairCorr |
| 0.52 | SANION | Saniona AB | PairCorr |
| 0.47 | PRISMA | Prisma Properties | PairCorr |
| 0.44 | POLYG | Polygiene AB | PairCorr |
| 0.35 | EXS | Exsitec Holding AB | PairCorr |
| 0.73 | EKTA-B | Elekta AB | PairCorr |
| 0.67 | ORRON | Orrn Energy AB | PairCorr |
| 0.66 | BIOA-B | BioArctic AB | PairCorr |
| 0.57 | SWED-A | Swedbank AB | PairCorr |
| 0.57 | QSYS | QSYS | PairCorr |
| 0.53 | RUSTA | Rusta AB | PairCorr |
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 Case Stock performing well and Case Group 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 Case Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HILB-B | 4.13 | (0.76) | 0.00 | (0.32) | 0.00 | 7.88 | 25.30 | |||
| NAXS | 1.51 | (0.32) | 0.00 | (0.56) | 0.00 | 3.19 | 16.47 | |||
| BMC | 1.59 | 0.06 | 0.01 | 0.19 | 2.51 | 3.93 | 13.71 | |||
| MANG | 1.34 | 0.06 | (0.02) | (0.06) | 1.63 | 3.09 | 7.46 | |||
| SEAF | 1.93 | 0.15 | 0.04 | 0.65 | 2.28 | 4.40 | 12.24 | |||
| INFREA | 1.75 | 0.15 | 0.04 | 0.56 | 2.00 | 4.07 | 13.26 | |||
| QLIRO | 1.22 | (0.16) | 0.00 | 0.66 | 0.00 | 1.74 | 8.93 | |||
| STWK | 2.07 | (0.02) | 0.00 | 0.12 | 0.00 | 5.26 | 16.03 | |||
| VO2 | 2.40 | 0.11 | 0.02 | 0.51 | 3.22 | 6.33 | 18.75 | |||
| FIRST-B | 2.60 | (0.36) | 0.00 | (1.12) | 0.00 | 5.30 | 32.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Case Group 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 |
| All Next | Launch Module |
Case Group Corporate Management
Elected by the shareholders, the Case Group's board of directors comprises two types of representatives: Case Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Case. The board's role is to monitor Case Group's management team and ensure that shareholders' interests are well served. Case Group'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, Case Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrik Strombom | Head Board | Profile | |
| Nicklas Lidstrom | Partner | Profile | |
| Johan Andrassy | Chief Officer | Profile | |
| Oscar Andrassy | Chief Officer | Profile |