Dometic Group Correlations
| DOM Stock | SEK 40.84 0.32 0.79% |
The current 90-days correlation between Dometic Group AB and New Wave Group is 0.27 (i.e., Modest diversification). The correlation of Dometic Group 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.
Dometic Group Correlation With Market
Average diversification
The correlation between Dometic Group AB and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dometic Group AB and DJI in the same portfolio, assuming nothing else is changed.
Dometic |
The ability to find closely correlated positions to Dometic Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dometic Group 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 Dometic Group - 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 Dometic Group AB to buy it.
Moving against Dometic Stock
| 0.66 | SAVE | Nordnet AB | PairCorr |
| 0.55 | VSSAB-B | Viking Supply Ships | PairCorr |
| 0.41 | MER | Meren Energy Earnings Call This Week | PairCorr |
| 0.39 | TEL2-A | Tele2 AB | PairCorr |
| 0.33 | ELUX-B | AB Electrolux | PairCorr |
| 0.32 | ELUX-A | AB Electrolux | PairCorr |
| 0.32 | ORES | Investment AB Oresund | PairCorr |
| 0.31 | INDU-C | Industrivarden AB ser | PairCorr |
| 0.55 | 247 | 24SevenOffice Scandinavia Earnings Call This Week | PairCorr |
| 0.54 | 2CUREX | 2cureX AB Earnings Call This Week | PairCorr |
| 0.47 | ABB | ABB | PairCorr |
| 0.47 | TINGS-PREF | Tingsvalvet Fastighets | PairCorr |
| 0.41 | QAIR | Qleanair Holding | PairCorr |
| 0.36 | DMYD-B | Diamyd Medical AB | PairCorr |
| 0.35 | LUND-B | L E Lundbergfretagen | PairCorr |
| 0.32 | INDU-A | Industrivarden AB ser | 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
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Risk-Adjusted Indicators
There is a big difference between Dometic Stock performing well and Dometic Group 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 Dometic Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NEWA-B | 1.06 | (0.14) | 0.00 | 1.20 | 0.00 | 2.07 | 10.69 | |||
| ELUX-B | 2.24 | 0.47 | 0.16 | (1.37) | 2.27 | 5.12 | 20.29 | |||
| MIPS | 2.39 | (0.29) | 0.00 | (1.09) | 0.00 | 4.79 | 18.96 | |||
| SHOT | 1.56 | (0.19) | 0.00 | (0.39) | 0.00 | 2.72 | 13.71 | |||
| THULE | 1.70 | (0.10) | 0.00 | 2.52 | 0.00 | 3.24 | 17.71 | |||
| SKIS-B | 0.85 | 0.10 | 0.03 | (0.75) | 0.84 | 1.66 | 6.37 | |||
| BETS-B | 1.64 | (0.56) | 0.00 | 2.02 | 0.00 | 2.32 | 23.01 | |||
| BILI-A | 1.03 | 0.08 | 0.01 | 1.25 | 1.05 | 2.25 | 5.66 | |||
| USWE | 2.06 | (0.47) | 0.00 | (2.50) | 0.00 | 3.57 | 16.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dometic Group 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?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Dometic Group Corporate Management
Elected by the shareholders, the Dometic Group's board of directors comprises two types of representatives: Dometic Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dometic. The board's role is to monitor Dometic Group's management team and ensure that shareholders' interests are well served. Dometic Group'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, Dometic Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rikard Tunedal | Head Relations | Profile | |
| Chialing Hsueh | Pres APAC | Profile | |
| Brian Garofalow | Chief Officer | Profile | |
| Stefan Fristedt | CFO VP | Profile | |
| Anna Smieszek | Exec Counsel | Profile | |
| Oliver Bahr | Pres Americas | Profile | |
| Anton Lundqvist | Chief Officer | Profile |