Clean Motion Correlations

Stocks Sweden . 
Stock . Clean Motion AB
CLEMO Stock  SEK 0.12  0.01  9.09%   
The current 90-days correlation between Clean Motion AB and Alcadon Group AB is 0.01 (i.e., Significant diversification). The correlation of Clean Motion 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.

Clean Motion Correlation With Market

Pay attention - limited upside

The correlation between Clean Motion AB and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Motion AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Clean Motion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Motion 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 Clean Motion - 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 Clean Motion AB to buy it.

Moving against Clean Stock

  0.83ATCO-B Atlas Copco ABPairCorr
  0.83SWED-A Swedbank ABPairCorr
  0.81SFAST Stenhus FastigheterPairCorr
  0.78VOLV-A AB VolvoPairCorr
  0.78VOLV-B AB VolvoPairCorr
  0.77SKA-B Skanska ABPairCorr
  0.76AAC AAC Clyde SpacePairCorr
  0.71SPRINT Sprint BiosciencePairCorr
  0.67INDU-C Industrivarden AB serPairCorr
  0.628TRA Traton SEPairCorr
  0.59ABB ABBPairCorr
  0.58NIVI-B Nivika FastigheterPairCorr
  0.57247 24SevenOffice Scandinavia Earnings Call This WeekPairCorr
  0.56VISC Gruvaktiebolaget ViscariaPairCorr
  0.56LUND-B L E LundbergfretagenPairCorr
  0.53DIOS Dios FastigheterPairCorr
  0.49CIRCHE CirChem ABPairCorr
  0.46NICO Nicoccino HoldingPairCorr
  0.44ESSITY-A Essity ABPairCorr
  0.43ESSITY-B Essity ABPairCorr
  0.42QLIFE Qlife Holding ABPairCorr
  0.37SOBI Swedish Orphan BiovitrumPairCorr
  0.31KAKEL Kakel Max ABPairCorr
  0.81BOL Boliden ABPairCorr
  0.8SHB-A Svenska HandelsbankenPairCorr
  0.72SAAB-B Saab ABPairCorr
  0.69DMYD-B Diamyd Medical ABPairCorr
  0.66MER Meren Energy Earnings Call This WeekPairCorr
  0.66INDU-A Industrivarden AB serPairCorr
  0.65TESSIN Tessin Nordic Holding SplitPairCorr
  0.63MAHA-A Maha Energy AB Earnings Call This WeekPairCorr
  0.63ELON Elon ABPairCorr
  0.61ELTEL Eltel ABPairCorr

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

MMGR-B
+ 0.9
EMBELL
SHB-A
+ 0.87
AAC
CI
+ 0.7
REFINE
CI
+ 0.7
MMGR-B
ALCA
+ 0.56
AAC
CI
+ 0.55
EMBELL
  

High negative correlations

SHB-A
- 0.84
CI
SHB-A
- 0.81
MMGR-B
CI
- 0.78
AAC
SHB-A
- 0.75
EMBELL
MMGR-B
- 0.67
AAC
AAC
- 0.57
EMBELL

Risk-Adjusted Indicators

There is a big difference between Clean Stock performing well and Clean Motion 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 Clean Motion'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clean Motion 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.

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Clean Motion Corporate Management

Elected by the shareholders, the Clean Motion's board of directors comprises two types of representatives: Clean Motion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clean. The board's role is to monitor Clean Motion's management team and ensure that shareholders' interests are well served. Clean Motion'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, Clean Motion's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gran FolkessonCEO DirectorProfile
Anil AroraCountry IndiaProfile
William CollingsHead of DevelopmentProfile
Jorgen JohanssonProduction ManagerProfile
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