Freja EID Correlations
| FREJA Stock | SEK 16.10 0.30 1.90% |
The current 90-days correlation between Freja eID Group and Binero Group AB is 0.08 (i.e., Significant diversification). The correlation of Freja EID 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.
Freja EID Correlation With Market
Significant diversification
The correlation between Freja eID Group and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freja eID Group and DJI in the same portfolio, assuming nothing else is changed.
Freja |
The ability to find closely correlated positions to Freja EID could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freja EID 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 Freja EID - 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 Freja eID Group to buy it.
Moving against Freja Stock
| 0.71 | LEA | Lea Bank AB | PairCorr |
| 0.64 | VOLV-B | AB Volvo | PairCorr |
| 0.63 | INISS-B | Inission AB | PairCorr |
| 0.57 | SANION | Saniona AB | PairCorr |
| 0.56 | NDA-SE | Nordea Bank Abp | PairCorr |
| 0.55 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.53 | SWED-A | Swedbank AB | PairCorr |
| 0.51 | INFREA | Infrea AB | PairCorr |
| 0.5 | AXFO | Axfood AB | PairCorr |
| 0.48 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.48 | SEB-A | Skandinaviska Enskilda | PairCorr |
| 0.46 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.36 | CX | CombinedX AB | PairCorr |
| 0.34 | NFGAB | Nordic Flanges Group | PairCorr |
| 0.33 | ARION-SDB | Arion banki hf | PairCorr |
| 0.66 | KAMBI | Kambi Group PLC | PairCorr |
| 0.65 | BONAS | Bonasudden Holding | PairCorr |
| 0.64 | 8TRA | Traton SE | PairCorr |
| 0.6 | MSON-B | Midsona AB | PairCorr |
| 0.58 | OBAB | Online Brands Nordic | PairCorr |
| 0.58 | SVED-B | Svedbergs i Dalstorp | PairCorr |
| 0.52 | XSPRAY | XSpray Pharma AB | PairCorr |
| 0.52 | SDS | Seamless Distribution | PairCorr |
| 0.52 | PACT | Proact IT Group | PairCorr |
| 0.51 | BOL | Boliden AB | PairCorr |
| 0.5 | SFAST | Stenhus Fastigheter | 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 Freja Stock performing well and Freja EID 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 Freja EID'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGG | 1.75 | 0.16 | 0.08 | 0.27 | 1.65 | 7.86 | 15.37 | |||
| BINERO | 1.30 | (0.03) | 0.00 | 0.16 | 0.00 | 3.54 | 14.01 | |||
| 4C | 3.26 | (0.24) | 0.00 | (0.10) | 0.00 | 7.07 | 32.12 | |||
| SLEEP | 2.27 | 0.03 | (0.01) | 0.22 | 3.05 | 6.27 | 13.98 | |||
| TOBII | 4.53 | (0.47) | 0.00 | (0.26) | 0.00 | 6.10 | 51.96 | |||
| MAVEN | 2.55 | (0.39) | 0.00 | (0.45) | 0.00 | 6.51 | 13.70 | |||
| UNIBAP | 2.40 | 0.43 | 0.09 | (0.34) | 2.51 | 6.03 | 28.87 | |||
| B3 | 1.31 | (0.14) | 0.00 | 0.44 | 0.00 | 3.37 | 9.93 | |||
| KEBNI-B | 2.54 | 0.16 | 0.01 | (0.30) | 2.93 | 11.80 | 19.84 | |||
| QSYS | 1.08 | 0.24 | 0.14 | 2.17 | 0.80 | 2.48 | 8.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Freja EID 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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Freja EID Corporate Management
Elected by the shareholders, the Freja EID's board of directors comprises two types of representatives: Freja EID inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Freja. The board's role is to monitor Freja EID's management team and ensure that shareholders' interests are well served. Freja EID'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, Freja EID's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dragoljub Nesic | Chief Officer | Profile | |
| Johan Henrikson | Chief Officer | Profile | |
| Kristofer Beetzen | Chief Officer | Profile | |
| Jakub Missuna | CoFounder CFO | Profile | |
| Tony Buss | CTO Director | Profile |