| IDOGEN Stock | | | SEK 0.12 0.00 0.00% |
The correlation of Idogen 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.
The ability to find closely correlated positions to Idogen 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 Idogen 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 Idogen 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 Idogen AB to buy it.
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Idogen Stock performing well and Idogen 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 Idogen 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.
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Idogen AB Corporate Management
Elected by the shareholders, the Idogen AB's board of directors comprises two types of representatives: Idogen AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Idogen. The board's role is to monitor Idogen AB's management team and ensure that shareholders' interests are well served. Idogen 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, Idogen AB's outside directors are responsible for providing unbiased perspectives on the board's policies.