Idun Industrier Correlations
| IDUN-B Stock | 275.00 1.00 0.36% |
The current 90-days correlation between Idun Industrier AB and AstraZeneca PLC is -0.08 (i.e., Good diversification). The correlation of Idun Industrier 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.
Idun Industrier Correlation With Market
Good diversification
The correlation between Idun Industrier AB and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Idun Industrier AB and DJI in the same portfolio, assuming nothing else is changed.
Idun |
The ability to find closely correlated positions to Idun Industrier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idun Industrier 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 Idun Industrier - 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 Idun Industrier AB to buy it.
Moving against Idun Stock
| 0.68 | HEXA-B | Hexagon AB | PairCorr |
| 0.67 | INVE-A | Investor AB ser | PairCorr |
| 0.66 | BEO-SDB | Beowulf Mining PLC | PairCorr |
| 0.63 | INVE-B | Investor AB ser | PairCorr |
| 0.63 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.58 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.57 | AZN | AstraZeneca PLC | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Idun Stock performing well and Idun Industrier 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 Idun Industrier'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AZN | 1.07 | (0.30) | 0.00 | (3.07) | 0.00 | 1.86 | 9.94 | |||
| INVE-A | 0.69 | (0.05) | 0.00 | (0.29) | 0.00 | 1.40 | 4.28 | |||
| INVE-B | 0.71 | (0.04) | 0.00 | (0.32) | 0.00 | 1.35 | 4.71 | |||
| ATCO-B | 1.06 | (0.09) | 0.00 | (0.53) | 0.00 | 2.40 | 8.09 | |||
| ATCO-A | 1.06 | (0.11) | 0.00 | (0.48) | 0.00 | 2.14 | 8.48 | |||
| NDA-SE | 0.87 | 0.04 | (0.10) | (0.23) | 0.97 | 1.92 | 8.28 | |||
| VOLV-B | 1.03 | (0.05) | (0.12) | (0.02) | 1.12 | 2.82 | 7.55 | |||
| VOLV-A | 1.02 | (0.07) | 0.00 | (0.05) | 0.00 | 2.59 | 7.85 | |||
| HEXA-B | 1.38 | (0.20) | 0.00 | (1.10) | 0.00 | 2.99 | 7.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Idun Industrier 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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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Idun Industrier Corporate Management
Elected by the shareholders, the Idun Industrier's board of directors comprises two types of representatives: Idun Industrier inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Idun. The board's role is to monitor Idun Industrier's management team and ensure that shareholders' interests are well served. Idun Industrier'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, Idun Industrier's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oskar Samuelsson | Chief Officer | Profile | |
| Jonas Estmalm | Chief Officer | Profile | |
| KarlEmil Engstrm | Chief Officer | Profile | |
| Henrik Mella | Chief Officer | Profile | |
| Adam Samuelsson | Founder Chairman | Profile |