Cellink AB Correlations

CLLKF Stock

USD 3.01 0.31 9.34%

The current 90-days correlation between Cellink AB and Aurora Spine is -0.28 (i.e., Very 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

Good diversification

The correlation between Cellink AB and DJI is -0.11 (i.e., 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 together with Cellink Pink Sheet

0.65	SMMNY	Siemens Healthineers	Pair Corr
0.94	PHG	Koninklijke Philips	Pair Corr

Moving against Cellink Pink Sheet

0.77	ZM	Zoom Video Communications	Pair Corr
0.73	GM	General Motors	Pair Corr
0.71	DXYZ	Destiny Tech100	Pair Corr
0.68	SYK	Stryker	Pair Corr
0.66	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.64	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	DECK	Deckers Outdoor	Pair Corr
0.61	ALAB	Astera Labs, Common	Pair Corr
0.59	GVA	Granite Construction	Pair Corr
0.56	RCAT	Red Cat Holdings Trending	Pair Corr
0.52	DXCM	DexCom Inc	Pair Corr
0.52	ZBH	Zimmer Biomet Holdings	Pair Corr
0.52	SNOW	Snowflake Trending	Pair Corr
0.51	ADSK	Autodesk	Pair Corr
0.48	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.45	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.4	NVDA	NVIDIA	Pair Corr
0.37	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	ASAPF	AIMDW	ARMM	BBLGW	AMEUF	ELMD	BWAY	NXL	BJDX	INVO
ASAPF		-0.58	0.0	-0.94	-0.7	0.82	0.71	0.93	-0.76	0.37	ASAPF
AIMDW	-0.58		0.0	0.57	0.4	-0.43	-0.57	-0.53	0.47	-0.38	AIMDW
ARMM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ARMM
BBLGW	-0.94	0.57	0.0		0.64	-0.74	-0.67	-0.87	0.71	-0.38	BBLGW
AMEUF	-0.7	0.4	0.0	0.64		-0.83	-0.56	-0.74	0.86	-0.05	AMEUF
ELMD	0.82	-0.43	0.0	-0.74	-0.83		0.75	0.82	-0.9	0.01	ELMD
BWAY	0.71	-0.57	0.0	-0.67	-0.56	0.75		0.61	-0.77	0.09	BWAY
NXL	0.93	-0.53	0.0	-0.87	-0.74	0.82	0.61		-0.72	0.39	NXL
BJDX	-0.76	0.47	0.0	0.71	0.86	-0.9	-0.77	-0.72		-0.02	BJDX
INVO	0.37	-0.38	0.0	-0.38	-0.05	0.01	0.09	0.39	-0.02		INVO
	ASAPF	AIMDW	ARMM	BBLGW	AMEUF	ELMD	BWAY	NXL	BJDX	INVO

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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

NXL	+ 0.93	ASAPF
BJDX	+ 0.86	AMEUF
ELMD	+ 0.82	ASAPF
NXL	+ 0.82	ELMD
BWAY	+ 0.75	ELMD
BWAY	+ 0.71	ASAPF

High negative correlations

BBLGW	- 0.94	ASAPF
BJDX	- 0.9	ELMD
NXL	- 0.87	BBLGW
ELMD	- 0.83	AMEUF
BJDX	- 0.77	BWAY
BJDX	- 0.76	ASAPF

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
ASAPF	4.16	0.81	0.10	(13.68)	3.97	(8.04)	11.11	(9.09)	36.13
AIMDW	23.13	5.03	0.16	(5.96)	19.46	(40.64)	76.79	(41.86)	283.46
ARMM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBLGW	5.38	1.17	0.00	1.14	0.00	0.00	0.00	0.00	183.08
AMEUF	3.49	(0.63)	0.00	232.07	0.00	0.00	7.73	(10.00)	34.22
ELMD	2.58	0.90	0.31	0.98	2.15	(3.12)	6.65	(4.47)	13.47
BWAY	2.40	0.19	0.07	0.27	2.94	(2.67)	5.42	(4.76)	24.68
NXL	8.31	2.62	0.34	1.93	6.69	(10.91)	25.71	(12.22)	71.17
BJDX	6.50	(0.88)	0.00	(1.82)	0.00	0.00	13.03	(13.14)	120.52
INVO	4.97	0.74	0.05	(0.14)	4.69	(8.22)	6.67	(6.85)	105.62

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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