CellaVision Correlations
| CLVSF Stock | USD 15.85 0.00 0.00% |
The correlation of CellaVision 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.
CellaVision Correlation With Market
Very good diversification
The correlation between CellaVision AB and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CellaVision AB and DJI in the same portfolio, assuming nothing else is changed.
CellaVision |
The ability to find closely correlated positions to CellaVision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CellaVision 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 CellaVision - 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 CellaVision AB to buy it.
Moving together with CellaVision Pink Sheet
Moving against CellaVision Pink Sheet
| 0.79 | SHG | Shinhan Financial | PairCorr |
| 0.77 | KB | KB Financial Group | PairCorr |
| 0.71 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.59 | PHG | Koninklijke Philips | PairCorr |
| 0.57 | SYK | Stryker | PairCorr |
| 0.39 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.31 | BKRKY | Bank Rakyat | PairCorr |
| 0.84 | HSY | Hershey | PairCorr |
| 0.81 | ENB | Enbridge | PairCorr |
| 0.8 | WF | Woori Financial Group | PairCorr |
| 0.72 | ASC | Ardmore Shpng | PairCorr |
| 0.71 | E | Eni SpA ADR | PairCorr |
| 0.67 | EXETF | Extendicare | PairCorr |
| 0.67 | YI | 111 Inc | PairCorr |
| 0.67 | IR | Ingersoll Rand | PairCorr |
| 0.65 | STBGY | Scandinavian Tobacco | PairCorr |
| 0.63 | CASY | Caseys General Stores Earnings Call This Week | PairCorr |
| 0.62 | HBANM | Huntington Bancshares | PairCorr |
| 0.57 | SGLFF | SGL Carbon SE | PairCorr |
| 0.51 | CIADY | China Mengniu Dairy | PairCorr |
| 0.97 | MTLK | Metalink | PairCorr |
| 0.79 | SOMMY | Sumitomo Chemical | PairCorr |
| 0.7 | WBI | WaterBridge Infrastructure | PairCorr |
| 0.63 | YACAF | Yancoal Australia | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between CellaVision Pink Sheet performing well and CellaVision 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 CellaVision'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FDMDF | 5.99 | 2.62 | 0.27 | (0.75) | 2.47 | 23.40 | 99.01 | |||
| CALZF | 1.23 | (0.14) | 0.00 | (0.14) | 0.00 | 5.13 | 22.71 | |||
| LBLTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XVIPF | 1.46 | 0.24 | 0.02 | (0.27) | 2.58 | 5.59 | 31.66 | |||
| JNDOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BOIRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BJTRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVNBF | 1.37 | 0.70 | 0.00 | (1.70) | 0.00 | 0.00 | 40.17 | |||
| MNFSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GSGTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CellaVision 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?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
CellaVision Corporate Management
| Yve Thorenburg | Acting Sales | Profile | |
| Julien Veyssy | Managing Diagnostics | Profile | |
| Magnus Blixt | Ex Officer | Profile | |
| Urban Strindlov | VP Sales | Profile | |
| Maths hc | Founder Director | Profile | |
| Simon Ostergaard | CEO Pres | Profile |