CellaVision Correlations
| CEVI Stock | SEK 221.50 4.50 2.07% |
The correlation of CellaVision 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.
CellaVision Correlation With Market
Average diversification
The correlation between CellaVision AB 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 CellaVision AB and DJI in the same portfolio, assuming nothing else is changed.
CellaVision |
The ability to find closely correlated positions to CellaVision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CellaVision 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 CellaVision - 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 CellaVision AB to buy it.
Moving against CellaVision Stock
| 0.84 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.82 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.59 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.45 | SWED-A | Swedbank AB | PairCorr |
| 0.39 | VOLV-B | AB Volvo | PairCorr |
| 0.35 | VOLV-A | AB Volvo | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in CellaVision 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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CellaVision Corporate Management
Elected by the shareholders, the CellaVision's board of directors comprises two types of representatives: CellaVision inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CellaVision. The board's role is to monitor CellaVision's management team and ensure that shareholders' interests are well served. CellaVision'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, CellaVision's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yve Thorenburg | Acting Sales | Profile | |
| Julien Veyssy | Managing Diagnostics | Profile | |
| Magnus Blixt | Ex Officer | Profile | |
| Urban Strindlov | VP Sales | Profile | |
| Maths hc | Founder Director | Profile | |
| Simon Ostergaard | CEO Pres | Profile |