Fsport AB Correlations
| FSPORT Stock | 0.03 0.0005 1.61% |
The current 90-days correlation between Fsport AB and Insplorion AB is -0.21 (i.e., Very good diversification). The correlation of Fsport 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.
Fsport AB Correlation With Market
Average diversification
The correlation between Fsport AB and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fsport AB and DJI in the same portfolio, assuming nothing else is changed.
Fsport |
The ability to find closely correlated positions to Fsport 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 Fsport 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 Fsport 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 Fsport AB to buy it.
Moving together with Fsport Stock
| 0.87 | EMBRAC-B | Embracer Group AB | PairCorr |
| 0.85 | M8G | Media and Games | PairCorr |
| 0.86 | STAR-A | Starbreeze AB | PairCorr |
| 0.93 | STAR-B | Starbreeze AB | PairCorr |
| 0.69 | FLEXM | Flexion Mobile PLC | PairCorr |
| 0.62 | TRAC-B | AB Traction | PairCorr |
| 0.65 | NAXS | NAXS Nordic Access | PairCorr |
| 0.7 | CRED-A | Creades AB | PairCorr |
| 0.86 | IBT-B | Infant Bacterial | PairCorr |
| 0.84 | IMP-A-SDB | Implantica AG | PairCorr |
| 0.79 | ALZCUR | AlzeCure Pharma | PairCorr |
| 0.91 | NXTCL | NextCell Pharma AB | PairCorr |
Moving against Fsport Stock
| 0.62 | SF | Stillfront Group | PairCorr |
| 0.93 | PREV-B | Prevas AB | PairCorr |
| 0.92 | LUMI | Lundin Mining | PairCorr |
| 0.85 | INVE-B | Investor AB ser | PairCorr |
| 0.84 | BEIA-B | Beijer Alma AB | PairCorr |
| 0.83 | OGUN-B | Ogunsen AB Series | PairCorr |
| 0.82 | SWED-A | Swedbank AB | PairCorr |
| 0.81 | VOLCAR-B | Volvo Car AB | PairCorr |
| 0.79 | RUSTA | Rusta AB | PairCorr |
| 0.76 | TREL-B | Trelleborg AB | PairCorr |
| 0.76 | PEAB-B | Peab AB | PairCorr |
| 0.72 | SAMPO-SDB | Sampo A SDB | PairCorr |
| 0.64 | ARISE | Arise Windpower AB | PairCorr |
| 0.61 | KNOW | Know IT AB | PairCorr |
| 0.59 | TEQ | Teqnion AB | PairCorr |
| 0.52 | ELUX-A | AB Electrolux | PairCorr |
| 0.93 | VBG-B | VBG Group AB | PairCorr |
| 0.9 | STOR-B | Storskogen Group | PairCorr |
| 0.88 | NDA-SE | Nordea Bank Abp | PairCorr |
| 0.87 | SANION | Saniona AB | 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
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Risk-Adjusted Indicators
There is a big difference between Fsport Stock performing well and Fsport 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 Fsport 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIST | 3.43 | 0.02 | 0.01 | 0.07 | 3.72 | 6.67 | 24.44 | |||
| SILEON | 8.11 | (0.15) | 0.00 | 0.03 | 10.98 | 28.42 | 128.43 | |||
| THUNDR | 3.32 | 0.68 | 0.11 | 3.91 | 2.69 | 5.00 | 52.63 | |||
| QCORE | 4.08 | 0.00 | 0.00 | 0.06 | 4.25 | 9.52 | 23.72 | |||
| XMR | 3.82 | (0.31) | 0.00 | 0.33 | 0.00 | 6.78 | 26.66 | |||
| INSP | 7.41 | (1.15) | 0.00 | (1.38) | 0.00 | 17.52 | 47.62 | |||
| QLOSR-B | 8.49 | (0.71) | 0.00 | (0.17) | 0.00 | 28.57 | 76.96 | |||
| FRAM-B | 1.46 | 0.04 | (0.02) | (0.03) | 1.80 | 3.74 | 12.45 | |||
| ENERS | 8.24 | 0.01 | 0.00 | 0.08 | 8.65 | 16.67 | 68.06 |
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Fsport AB Corporate Management
Elected by the shareholders, the Fsport AB's board of directors comprises two types of representatives: Fsport AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fsport. The board's role is to monitor Fsport AB's management team and ensure that shareholders' interests are well served. Fsport AB'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, Fsport AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Staffan Lindgren | Chief Officer | Profile | |
| Fredrik Behrendtz | Chief Officer | Profile | |
| Bjorn Hofvendahl | COO Member | Profile | |
| Philip Martell | CPO Member | Profile | |
| Rikard Nilsson | Chief Officer | Profile |