Hedera Group Correlations
| HEGR Stock | SEK 2.70 0.02 0.75% |
The current 90-days correlation between Hedera Group publ and Clean Motion AB is 0.13 (i.e., Average diversification). The correlation of Hedera 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.
Hedera Group Correlation With Market
Good diversification
The correlation between Hedera Group publ and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hedera Group publ and DJI in the same portfolio, assuming nothing else is changed.
Hedera |
The ability to find closely correlated positions to Hedera 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 Hedera 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 Hedera 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 Hedera Group publ to buy it.
Moving together with Hedera Stock
| 0.72 | DEDI | Dedicare AB | PairCorr |
| 0.86 | WISE | Wise Group AB | PairCorr |
| 0.61 | SEB-C | Skandinaviska Enskilda | PairCorr |
Moving against Hedera Stock
| 0.67 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.64 | ARION-SDB | Arion banki hf | PairCorr |
| 0.59 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.51 | STORY-B | Storytel AB | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Hedera Stock performing well and Hedera 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 Hedera 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLEMO | 4.04 | (1.32) | 0.00 | (4.34) | 0.00 | 5.08 | 40.00 | |||
| HELIO | 3.52 | (0.13) | 0.00 | (1.19) | 0.00 | 11.36 | 31.99 | |||
| GCOR | 3.30 | (0.39) | 0.00 | (1.22) | 0.00 | 6.15 | 32.76 | |||
| DOXA | 1.57 | (0.45) | 0.00 | (3.17) | 0.00 | 2.78 | 7.41 | |||
| DRIL | 1.65 | (0.47) | 0.00 | (0.76) | 0.00 | 2.39 | 23.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hedera 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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Hedera Group Corporate Management
Elected by the shareholders, the Hedera Group's board of directors comprises two types of representatives: Hedera Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hedera. The board's role is to monitor Hedera Group's management team and ensure that shareholders' interests are well served. Hedera 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, Hedera Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Risto Urdzanov | Hedera Medical | Profile | |
| Lisa Lund | Human Mang | Profile | |
| Per Levin | Chief Officer | Profile | |
| Johan Sandstrom | Chief Officer | Profile |