Modelon AB Correlations
| MODEL-B Stock | SEK 11.70 0.10 0.86% |
The current 90-days correlation between Modelon AB Cl and MOBA Network publ is 0.11 (i.e., Average diversification). The correlation of Modelon 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.
Modelon AB Correlation With Market
Modest diversification
The correlation between Modelon AB Cl and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modelon AB Cl and DJI in the same portfolio, assuming nothing else is changed.
Modelon |
The ability to find closely correlated positions to Modelon 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 Modelon 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 Modelon 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 Modelon AB Cl to buy it.
Moving against Modelon Stock
| 0.46 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.41 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.4 | LITI | Litium AB | PairCorr |
| 0.32 | DIVIO-B | Divio Technologies | PairCorr |
Related Correlations Analysis
| 0.18 | 0.48 | 0.32 | -0.46 | GREAT | ||
| 0.18 | 0.42 | 0.75 | -0.12 | FPIP | ||
| 0.48 | 0.42 | 0.68 | -0.31 | MOBA | ||
| 0.32 | 0.75 | 0.68 | -0.11 | EXS | ||
| -0.46 | -0.12 | -0.31 | -0.11 | NTEK-B | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Modelon Stock performing well and Modelon 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 Modelon 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GREAT | 4.68 | (0.57) | 0.00 | 2.04 | 0.00 | 13.18 | 32.38 | |||
| FPIP | 1.58 | (0.10) | 0.00 | (0.34) | 0.00 | 3.10 | 12.02 | |||
| MOBA | 2.55 | (0.38) | 0.00 | 2.61 | 0.00 | 4.12 | 20.64 | |||
| EXS | 1.28 | 0.00 | 0.00 | 0.00 | 0.00 | 2.34 | 12.05 | |||
| NTEK-B | 1.50 | 0.10 | (0.03) | (0.22) | 1.65 | 4.59 | 12.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Modelon AB 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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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Modelon AB Corporate Management
Elected by the shareholders, the Modelon AB's board of directors comprises two types of representatives: Modelon AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Modelon. The board's role is to monitor Modelon AB's management team and ensure that shareholders' interests are well served. Modelon 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, Modelon AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johan Andreasson | Chief Officer | Profile | |
| David Higbie | Chief Officer | Profile | |
| Magnus Gafvert | Chief Officer | Profile | |
| Hilding Elmqvist | Acting Director | Profile | |
| Jonas Eborn | CFO CEO | Profile | |
| Hubertus Tummescheit | Chief Officer | Profile |