Midsummer Correlations
| MIDS Stock | SEK 0.95 0.01 1.04% |
The current 90-days correlation between Midsummer AB and Embellence Group AB is -0.04 (i.e., Good diversification). The correlation of Midsummer 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.
Midsummer Correlation With Market
Pay attention - limited upside
The correlation between Midsummer AB and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midsummer AB and DJI in the same portfolio, assuming nothing else is changed.
Midsummer |
The ability to find closely correlated positions to Midsummer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Midsummer 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 Midsummer - 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 Midsummer AB to buy it.
Moving together with Midsummer Stock
| 0.73 | SOLT | SolTech Energy Sweden | PairCorr |
| 0.75 | MANG | Mangold Fondkommission | PairCorr |
| 0.79 | CS | CoinShares International | PairCorr |
Moving against Midsummer Stock
| 0.8 | ALM-PREF | ALM Equity AB Earnings Call Tomorrow | PairCorr |
| 0.8 | BOL | Boliden AB | PairCorr |
| 0.79 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.7 | INDU-C | Industrivarden AB ser | PairCorr |
| 0.68 | MER | Meren Energy | PairCorr |
| 0.65 | AAC | AAC Clyde Space | PairCorr |
| 0.65 | SKIS-B | SkiStar AB | PairCorr |
| 0.62 | ELTEL | Eltel AB | PairCorr |
| 0.61 | MAHA-A | Maha Energy AB | PairCorr |
| 0.61 | SAAB-B | Saab AB | PairCorr |
| 0.58 | BBROOM | New Bubbleroom Sweden | PairCorr |
| 0.53 | NICO | Nicoccino Holding | PairCorr |
| 0.52 | QLIFE | Qlife Holding AB | PairCorr |
| 0.52 | ELON | Elon AB | PairCorr |
| 0.45 | CATE | Catena AB | PairCorr |
| 0.45 | NIVI-B | Nivika Fastigheter | PairCorr |
| 0.41 | ALM | ALM Equity AB Earnings Call Tomorrow | PairCorr |
| 0.37 | ALBERT | eEducation Albert | PairCorr |
| 0.37 | STE-A | Stora Enso Oyj | PairCorr |
| 0.82 | SWED-A | Swedbank AB | PairCorr |
| 0.75 | SPRINT | Sprint Bioscience | PairCorr |
| 0.74 | CANTA | Cantargia AB | PairCorr |
| 0.69 | DMYD-B | Diamyd Medical AB | PairCorr |
| 0.69 | INDU-A | Industrivarden AB ser | PairCorr |
| 0.68 | SKA-B | Skanska AB | PairCorr |
| 0.67 | ASSA-B | ASSA ABLOY AB | PairCorr |
| 0.66 | HNSA | Hansa Biopharma AB | PairCorr |
| 0.64 | TEL2-A | Tele2 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 Midsummer Stock performing well and Midsummer 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 Midsummer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEKO | 1.72 | (0.14) | 0.00 | (3.87) | 0.00 | 3.17 | 17.46 | |||
| EMBELL | 1.31 | (0.16) | 0.00 | 4.61 | 0.00 | 2.95 | 9.16 | |||
| AAC | 3.24 | 0.52 | 0.11 | 1.59 | 3.57 | 7.11 | 24.03 | |||
| MMGR-B | 1.22 | (0.28) | 0.00 | (28.26) | 0.00 | 3.05 | 7.82 | |||
| CI | 5.14 | (1.59) | 0.00 | (1.03) | 0.00 | 7.69 | 34.05 | |||
| SHB-A | 0.87 | 0.18 | 0.07 | 1.92 | 1.16 | 1.71 | 6.80 | |||
| ALCA | 1.65 | 0.12 | 0.03 | 0.33 | 2.15 | 3.60 | 14.09 | |||
| BIOEX | 4.17 | 0.85 | 0.14 | (0.50) | 3.96 | 11.11 | 42.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Midsummer 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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
Midsummer Corporate Management
Elected by the shareholders, the Midsummer's board of directors comprises two types of representatives: Midsummer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Midsummer. The board's role is to monitor Midsummer's management team and ensure that shareholders' interests are well served. Midsummer'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, Midsummer's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alex Witt | Chief Officer | Profile | |
| Eric Jaremalm | CoFounder CEO | Profile | |
| Klara Takei | Head RD | Profile | |
| Peter Karaszi | Head Communication | Profile | |
| Maria Huttunen | Head Design | Profile | |
| Asa Jynnesjo | Chief Officer | Profile | |
| Sven Lindstrm | CEO CoFounder | Profile |