Epiroc AB Correlations

EPIAF Stock

USD 30.06 0.45 1.47%

The current 90-days correlation between Epiroc AB and Dassault Aviation SA is 0.21 (i.e., Modest diversification). The correlation of Epiroc 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.

Epiroc AB Correlation With Market

Very poor diversification

The correlation between Epiroc AB and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epiroc AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Epiroc Pink Sheet

0.92	CAT	Caterpillar	Pair Corr
0.88	DE	Deere Company Earnings Call This Week	Pair Corr
0.9	PCAR	PACCAR Inc	Pair Corr
0.96	VLVLY	Volvo AB ADR	Pair Corr
0.96	VOLVF	Volvo AB ser Downward Rally	Pair Corr
0.95	DTRUY	Daimler Truck Holding	Pair Corr
0.96	DTGHF	Daimler Truck Holding	Pair Corr
0.85	KMTUF	Komatsu	Pair Corr
0.71	NNBR	NN Inc	Pair Corr
0.88	SJ	Scienjoy Holding Corp	Pair Corr
0.89	IDXG	Interpace Biosciences	Pair Corr
0.72	MDIBY	Mediobanca Banca	Pair Corr
0.77	KO	Coca Cola Earnings Call This Week	Pair Corr
0.88	WTTR	Select Energy Services	Pair Corr
0.64	PPTTF	Perpetual Limited	Pair Corr
0.72	RILY	B Riley Financial	Pair Corr
0.89	LCCC	Lakeshore Acquisition III	Pair Corr
0.89	GLAPF	Glanbia plc	Pair Corr
0.72	PEP	PepsiCo	Pair Corr
0.91	CVLG	Covenant Logistics	Pair Corr
0.82	GIG	GigCapital7 Corp Class	Pair Corr
0.66	281020AW7	EIX 695 15	Pair Corr
0.91	PPCLY	PPC Ltd ADR	Pair Corr
0.7	BMBOY	Grupo Bimbo SAB	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.61	PILBF	Pilbara Minerals Earnings Call This Week	Pair Corr
0.75	MDVT	Middlebury National Normal Trading	Pair Corr
0.96	SOUHY	South32 ADR	Pair Corr

Moving against Epiroc Pink Sheet

0.5	VOLAF	AB Volvo	Pair Corr
0.41	MBOT	Microbot Medical	Pair Corr

Related Correlations Analysis

	OUKPY	DUAVF	CKHUY	DTGHF	KMTUY	SMECF	GBERF	KMTUF	CKHUF	IHICF
OUKPY		0.85	0.9	0.93	0.74	0.79	0.48	0.74	0.87	0.65	OUKPY
DUAVF	0.85		0.88	0.85	0.7	0.79	0.36	0.7	0.79	0.64	DUAVF
CKHUY	0.9	0.88		0.89	0.79	0.8	0.35	0.79	0.93	0.79	CKHUY
DTGHF	0.93	0.85	0.89		0.82	0.84	0.51	0.82	0.86	0.71	DTGHF
KMTUY	0.74	0.7	0.79	0.82		0.84	0.42	1.0	0.77	0.86	KMTUY
SMECF	0.79	0.79	0.8	0.84	0.84		0.58	0.84	0.78	0.7	SMECF
GBERF	0.48	0.36	0.35	0.51	0.42	0.58		0.41	0.37	0.08	GBERF
KMTUF	0.74	0.7	0.79	0.82	1.0	0.84	0.41		0.77	0.86	KMTUF
CKHUF	0.87	0.79	0.93	0.86	0.77	0.78	0.37	0.77		0.75	CKHUF
IHICF	0.65	0.64	0.79	0.71	0.86	0.7	0.08	0.86	0.75		IHICF
	OUKPY	DUAVF	CKHUY	DTGHF	KMTUY	SMECF	GBERF	KMTUF	CKHUF	IHICF

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Risk-Adjusted Indicators

There is a big difference between Epiroc Pink Sheet performing well and Epiroc 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 Epiroc 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
OUKPY	1.80	0.25	0.09	0.48	2.36	(1.94)	4.05	(4.23)	11.92
DUAVF	2.53	0.46	0.12	(0.64)	2.68	(3.02)	7.28	(4.99)	15.42
CKHUY	1.18	0.24	0.12	0.44	1.35	(1.27)	3.22	(1.99)	8.37
DTGHF	1.11	0.31	0.14	0.65	0.85	(2.38)	4.09	(2.89)	8.30
KMTUY	1.57	0.60	0.41	0.83	0.86	(2.01)	4.54	(2.67)	11.78
SMECF	2.94	0.41	0.10	(53.46)	3.14	(3.09)	5.35	(5.75)	22.56
GBERF	0.61	0.08	0.02	0.28	0.79	(2.35)	2.81	(2.17)	7.25
KMTUF	1.86	0.59	0.29	1.19	1.35	(2.22)	3.86	(3.08)	12.45
CKHUF	2.44	0.31	0.05	0.43	3.31	(3.58)	6.25	(6.94)	18.34
IHICF	0.75	0.22	0.00	0.68	0.00	0.00	1.73	0.00	12.86

Be your own money manager

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

Helena MSc	Pres CEO	Profile
Hakan MSc	Sr CFO	Profile
Sami Niiranen	Pres Division	Profile
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