Cellink AB Correlations

CLLKF Stock

USD 2.00 0.26 11.50%

The current 90-days correlation between Cellink AB and Brii Biosciences Limited is -0.01 (i.e., Good 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

Very good diversification

The correlation between Cellink AB and DJI is -0.24 (i.e., Very good 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 against Cellink Pink Sheet

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0.48	DCI	Donaldson	Pair Corr
0.47	MDT	Medtronic PLC	Pair Corr
0.42	STE	STERIS plc Earnings Call This Week	Pair Corr
0.39	HYMTF	Hyundai Motor	Pair Corr
0.34	BRK-B	Berkshire Hathaway	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.57	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.46	WMT	Walmart Common Stock	Pair Corr
0.44	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.41	DWAY	DriveItAway	Pair Corr
0.38	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.37	MRK	Merck Company Earnings Call This Week	Pair Corr
0.31	AXP	American Express Earnings Call This Week	Pair Corr
0.31	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BRIBF	VMTHF	CYBQF	WLDFF	PXMBF	NDTP	NGENF	MLLCF	YOURF	CYBQY
BRIBF		0.74	0.57	0.0	0.0	-0.08	-0.81	0.45	0.0	-0.48	BRIBF
VMTHF	0.74		0.42	0.0	0.0	-0.39	-0.88	0.02	0.0	-0.23	VMTHF
CYBQF	0.57	0.42		0.0	0.0	-0.22	-0.5	0.17	0.0	0.12	CYBQF
WLDFF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WLDFF
PXMBF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PXMBF
NDTP	-0.08	-0.39	-0.22	0.0	0.0		0.16	0.07	0.0	-0.36	NDTP
NGENF	-0.81	-0.88	-0.5	0.0	0.0	0.16		-0.11	0.0	0.27	NGENF
MLLCF	0.45	0.02	0.17	0.0	0.0	0.07	-0.11		0.0	-0.34	MLLCF
YOURF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	YOURF
CYBQY	-0.48	-0.23	0.12	0.0	0.0	-0.36	0.27	-0.34	0.0		CYBQY
	BRIBF	VMTHF	CYBQF	WLDFF	PXMBF	NDTP	NGENF	MLLCF	YOURF	CYBQY

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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

VMTHF	+ 0.74	BRIBF
CYBQF	+ 0.57	BRIBF
MLLCF	+ 0.45	BRIBF
CYBQF	+ 0.42	VMTHF
CYBQY	+ 0.27	NGENF
MLLCF	+ 0.17	CYBQF

High negative correlations

NGENF	- 0.88	VMTHF
NGENF	- 0.81	BRIBF
NGENF	- 0.5	CYBQF
CYBQY	- 0.48	BRIBF
NDTP	- 0.39	VMTHF
CYBQY	- 0.36	NDTP

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
BRIBF	0.62	(0.30)	0.00	1.06	0.00	0.00	0.00	0.00	20.83
VMTHF	0.39	(0.20)	0.00	1.05	0.00	0.00	0.00	0.00	10.00
CYBQF	0.89	0.09	0.00	0.65	0.00	0.00	0.00	0.00	29.63
WLDFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PXMBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDTP	11.98	1.71	0.10	(0.45)	12.51	(16.60)	40.91	(23.73)	123.04
NGENF	4.15	0.86	0.22	2.22	3.19	(5.90)	11.62	(5.90)	31.61
MLLCF	1.47	(0.51)	0.00	(0.89)	0.00	0.00	0.00	0.00	28.86
YOURF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CYBQY	3.51	0.71	0.04	(1.93)	4.72	(11.24)	11.66	(10.08)	49.29

Be your own money manager

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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