Clas Ohlson Correlations
| CLAS-B Stock | SEK 197.00 3.80 1.97% |
The current 90-days correlation between Clas Ohlson AB and Volati AB is 0.14 (i.e., Average diversification). The correlation of Clas Ohlson 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.
Clas Ohlson Correlation With Market
Average diversification
The correlation between Clas Ohlson AB and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clas Ohlson AB and DJI in the same portfolio, assuming nothing else is changed.
Clas |
The ability to find closely correlated positions to Clas Ohlson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clas Ohlson 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 Clas Ohlson - 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 Clas Ohlson AB to buy it.
Moving together with Clas Stock
| 0.66 | BOKUS | Bokusgruppen AB | PairCorr |
| 0.72 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.8 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.61 | ARION-SDB | Arion banki hf | PairCorr |
| 0.66 | VOLV-B | AB Volvo | PairCorr |
| 0.61 | VOLV-A | AB Volvo | PairCorr |
Moving against Clas Stock
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 Clas Stock performing well and Clas Ohlson 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 Clas Ohlson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VOLO | 1.25 | (0.38) | 0.00 | (0.38) | 0.00 | 2.86 | 6.37 | |||
| BRE2 | 0.85 | (0.08) | 0.00 | (0.24) | 0.00 | 1.51 | 7.11 | |||
| INSTAL | 1.65 | (0.62) | 0.00 | (1.06) | 0.00 | 2.87 | 15.12 | |||
| TEQ | 0.89 | (0.22) | 0.00 | (4.38) | 0.00 | 1.39 | 6.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clas Ohlson 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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Clas Ohlson Corporate Management
Elected by the shareholders, the Clas Ohlson's board of directors comprises two types of representatives: Clas Ohlson inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clas. The board's role is to monitor Clas Ohlson's management team and ensure that shareholders' interests are well served. Clas Ohlson'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, Clas Ohlson's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrik Alfredsson | Product Mang | Profile | |
| Kristofer Tonstrm | Pres CEO | Profile | |
| Mats Winkvist | Head Controlling | Profile | |
| Lene Oen | Director Ecom | Profile | |
| Anna Ingmarsson | Head Merchandiser | Profile | |
| Peder Apelgren | Chief Officer | Profile | |
| Andreas Oseen | Head Sourcing | Profile |