Cellink AB Correlations

CLLKF Stock

USD 2.87 0.00 0.00%

The current 90-days correlation between Cellink AB and Artivion is 0.04 (i.e., Significant diversification). The correlation of Cellink 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.

Cellink AB Correlation With Market

Significant diversification

The correlation between Cellink AB and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cellink AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cellink 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 Cellink 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 Cellink 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 Cellink AB to buy it.

Moving together with Cellink Pink Sheet

0.63	MDT	Medtronic PLC	Pair Corr
0.84	PHG	Koninklijke Philips	Pair Corr
0.71	NIHK	Video River Networks	Pair Corr
0.69	GLUC	Glucose Health	Pair Corr

Moving against Cellink Pink Sheet

0.66	DXCM	DexCom Inc	Pair Corr
0.64	AROC	Archrock	Pair Corr
0.56	SLF	Sun Life Financial	Pair Corr
0.5	HNRC	Houston Natural Resources	Pair Corr
0.45	BSX	Boston Scientific Corp	Pair Corr
0.4	SIGL	Signal Advance	Pair Corr
0.39	EW	Edwards Lifesciences Corp Sell-off Trend	Pair Corr
0.34	SYK	Stryker	Pair Corr
0.31	ZBH	Zimmer Biomet Holdings	Pair Corr
0.74	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.7	VLRS	Volaris	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	MCK	McKesson	Pair Corr
0.65	MITQ	Moving iMage Technologies	Pair Corr
0.65	MUFG	Mitsubishi UFJ Financial Sell-off Trend	Pair Corr
0.64	PRVA	Privia Health Group	Pair Corr
0.63	KODK	Eastman Kodak	Pair Corr
0.63	ACHR	Archer Aviation	Pair Corr
0.63	HBI	Hanesbrands Sell-off Trend	Pair Corr
0.61	SLSR	Solaris Resources	Pair Corr
0.61	AXP	American Express Earnings Call This Week	Pair Corr
0.57	GOOGL	Alphabet Class A	Pair Corr
0.54	SATX	SatixFy Communications	Pair Corr
0.38	ELEV	Elevation Oncology	Pair Corr
0.35	TNXP	Tonix Pharmaceuticals	Pair Corr
0.85	QNCX	Quince Therapeutics,	Pair Corr
0.79	CLS	Celestica	Pair Corr
0.74	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.7	WMT	Walmart	Pair Corr
0.65	GILD	Gilead Sciences	Pair Corr
0.62	ZVIA	Zevia Pbc	Pair Corr

Related Correlations Analysis

	AORT	ANIK	SGHT	OFIX	AVNS	GKOS	KIDS	CNMD	LIVN	FNA
AORT		-0.63	-0.7	0.57	-0.57	0.63	-0.22	0.5	-0.5	0.68	AORT
ANIK	-0.63		0.87	-0.66	0.84	-0.69	0.41	-0.68	0.66	-0.8	ANIK
SGHT	-0.7	0.87		-0.55	0.9	-0.82	0.6	-0.45	0.72	-0.92	SGHT
OFIX	0.57	-0.66	-0.55		-0.31	0.31	-0.18	0.89	-0.06	0.62	OFIX
AVNS	-0.57	0.84	0.9	-0.31		-0.86	0.55	-0.27	0.88	-0.81	AVNS
GKOS	0.63	-0.69	-0.82	0.31	-0.86		-0.45	0.2	-0.78	0.75	GKOS
KIDS	-0.22	0.41	0.6	-0.18	0.55	-0.45		-0.14	0.43	-0.63	KIDS
CNMD	0.5	-0.68	-0.45	0.89	-0.27	0.2	-0.14		-0.04	0.55	CNMD
LIVN	-0.5	0.66	0.72	-0.06	0.88	-0.78	0.43	-0.04		-0.59	LIVN
FNA	0.68	-0.8	-0.92	0.62	-0.81	0.75	-0.63	0.55	-0.59		FNA
	AORT	ANIK	SGHT	OFIX	AVNS	GKOS	KIDS	CNMD	LIVN	FNA

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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

AVNS	+ 0.9	SGHT
CNMD	+ 0.89	OFIX
LIVN	+ 0.88	AVNS
SGHT	+ 0.87	ANIK
AVNS	+ 0.84	ANIK
FNA	+ 0.75	GKOS

High negative correlations

FNA	- 0.92	SGHT
GKOS	- 0.86	AVNS
GKOS	- 0.82	SGHT
FNA	- 0.81	AVNS
FNA	- 0.8	ANIK
LIVN	- 0.78	GKOS

Risk-Adjusted Indicators

There is a big difference between Cellink Pink Sheet performing well and Cellink 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 Cellink 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
AORT	1.41	0.24	0.14	0.80	1.40	(1.61)	3.49	(2.23)	9.51
ANIK	1.83	(0.59)	0.00	1.81	0.00	0.00	3.02	(3.39)	32.07
SGHT	2.89	(1.10)	0.00	1.95	0.00	0.00	6.25	(8.24)	17.90
OFIX	1.56	0.18	0.09	0.36	1.84	(1.67)	3.14	(3.15)	12.11
AVNS	1.82	(0.52)	0.00	(0.38)	0.00	0.00	3.22	(3.82)	20.91
GKOS	1.78	0.31	0.16	(0.55)	1.61	(2.20)	4.77	(2.98)	13.23
KIDS	2.57	0.10	0.02	0.11	3.88	(2.36)	4.85	(6.44)	16.22
CNMD	1.60	0.07	0.03	0.12	1.93	(1.65)	3.51	(2.69)	10.91
LIVN	1.26	(0.17)	0.00	(0.45)	0.00	0.00	2.90	(2.87)	9.56
FNA	3.26	1.05	0.33	(15.90)	2.48	(3.93)	7.23	(5.53)	43.16

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Our tools can tell you how much better you can do entering a position in Cellink AB 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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Cellink AB Corporate Management

Erik Gatenholm	CEO, CoFounder	Profile
Lotta Bus	Gen SVP	Profile
Karin Danielsson	Global Director	Profile
Asa Hillsten	VP Relations	Profile
Itedale Redwan	Chief Bioprinting	Profile
Erica Bell	VP Officer	Profile
Niclas Emanuelsson	Head Operations	Profile

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