Flowscape Technology Correlations

FLOWS Stock

2.82 0.05 1.81%

The current 90-days correlation between Flowscape Technology and Divio Technologies AB is 0.1 (i.e., Average diversification). The correlation of Flowscape Technology 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.

Flowscape Technology Correlation With Market

Excellent diversification

The correlation between Flowscape Technology AB and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flowscape Technology AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Flowscape Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flowscape Technology 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 Flowscape Technology - 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 Flowscape Technology AB to buy it.

Moving together with Flowscape Stock

0.7

HEXA-B

Hexagon AB Earnings Call This Week

Pair Corr

Moving against Flowscape Stock

0.73	VOLV-B	AB Volvo Earnings Call This Week	Pair Corr
0.72	VOLV-A	AB Volvo Earnings Call This Week	Pair Corr
0.7	NDA-SE	Nordea Bank Abp Earnings Call This Week	Pair Corr
0.56	INVE-B	Investor AB ser	Pair Corr
0.54	INVE-A	Investor AB ser	Pair Corr
0.49	AZN	AstraZeneca PLC	Pair Corr
0.44	ATCO-B	Atlas Copco AB Earnings Call This Week	Pair Corr
0.38	ATCO-A	Atlas Copco AB Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MOBA	SPEONE	CHARGE	ANOT	RPLAN	COMPDM	SCOUT	JLT	SONE	DIVIO-B
MOBA		-0.38	0.71	0.8	0.31	0.61	0.9	0.13	0.68	0.63	MOBA
SPEONE	-0.38		-0.26	-0.33	0.14	-0.21	-0.48	-0.04	-0.11	-0.2	SPEONE
CHARGE	0.71	-0.26		0.5	-0.07	0.3	0.76	0.64	0.56	0.46	CHARGE
ANOT	0.8	-0.33	0.5		0.35	0.62	0.68	-0.08	0.47	0.59	ANOT
RPLAN	0.31	0.14	-0.07	0.35		0.31	0.15	-0.43	0.24	0.2	RPLAN
COMPDM	0.61	-0.21	0.3	0.62	0.31		0.58	-0.18	0.37	0.79	COMPDM
SCOUT	0.9	-0.48	0.76	0.68	0.15	0.58		0.27	0.65	0.56	SCOUT
JLT	0.13	-0.04	0.64	-0.08	-0.43	-0.18	0.27		0.12	-0.04	JLT
SONE	0.68	-0.11	0.56	0.47	0.24	0.37	0.65	0.12		0.24	SONE
DIVIO-B	0.63	-0.2	0.46	0.59	0.2	0.79	0.56	-0.04	0.24		DIVIO-B
	MOBA	SPEONE	CHARGE	ANOT	RPLAN	COMPDM	SCOUT	JLT	SONE	DIVIO-B

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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

SCOUT	+ 0.9	MOBA
ANOT	+ 0.8	MOBA
DIVIO-B	+ 0.79	COMPDM
SCOUT	+ 0.76	CHARGE
CHARGE	+ 0.71	MOBA
SONE	+ 0.68	MOBA

High negative correlations

SCOUT	- 0.48	SPEONE
JLT	- 0.43	RPLAN
SPEONE	- 0.38	MOBA
ANOT	- 0.33	SPEONE
CHARGE	- 0.26	SPEONE
COMPDM	- 0.21	SPEONE

Risk-Adjusted Indicators

There is a big difference between Flowscape Stock performing well and Flowscape Technology 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 Flowscape Technology'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
MOBA	6.23	(4.37)	0.00	(2.09)	0.00	0.00	4.35	(20.00)	41.54
SPEONE	4.17	0.04	0.01	0.12	4.02	(10.70)	12.50	(6.25)	37.19
CHARGE	4.12	(0.22)	0.00	0.45	0.00	0.00	8.61	(8.50)	28.86
ANOT	2.61	(0.38)	0.00	(0.58)	0.00	0.00	4.95	(5.53)	13.02
RPLAN	3.38	(0.26)	0.00	(0.22)	0.00	0.00	1.69	(15.56)	60.38
COMPDM	2.37	(0.51)	0.00	3.83	0.00	0.00	6.71	(5.56)	17.20
SCOUT	5.50	(0.82)	0.00	(0.19)	0.00	0.00	14.29	(13.33)	51.32
JLT	2.14	0.08	(0.01)	(0.05)	2.31	(2.86)	3.95	(4.46)	18.36
SONE	4.42	0.04	0.00	0.03	0.00	0.00	11.92	(8.89)	34.10
DIVIO-B	2.79	(0.26)	0.00	0.45	0.00	0.00	8.33	(7.69)	20.73

Flowscape Technology Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Flowscape Technology stock to make a market-neutral strategy. Peer analysis of Flowscape Technology could also be used in its relative valuation, which is a method of valuing Flowscape Technology by comparing valuation metrics with similar companies.

MOBA Network publ Spectrumone publ AB ChargePanel AB Anoto Group AB Ranplan Group Compodium International AB Scout Gaming Group JLT Mobile Computers Sonetel AB Divio Technologies AB American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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