NP3 Fastigheter Correlations
| NP3 Stock | SEK 250.50 4.00 1.62% |
The current 90-days correlation between NP3 Fastigheter AB and Platzer Fastigheter Holding is 0.57 (i.e., Very weak diversification). The correlation of NP3 Fastigheter 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.
NP3 Fastigheter Correlation With Market
Modest diversification
The correlation between NP3 Fastigheter AB and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NP3 Fastigheter AB and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to NP3 Fastigheter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NP3 Fastigheter 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 NP3 Fastigheter - 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 NP3 Fastigheter AB to buy it.
Moving together with NP3 Stock
Moving against NP3 Stock
Related Correlations Analysis
| 0.93 | 0.96 | 0.89 | 0.89 | PLAZ-B | ||
| 0.93 | 0.93 | 0.8 | 0.95 | CATE | ||
| 0.96 | 0.93 | 0.91 | 0.89 | SAGA-B | ||
| 0.89 | 0.8 | 0.91 | 0.72 | NYF | ||
| 0.89 | 0.95 | 0.89 | 0.72 | DIOS | ||
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Risk-Adjusted Indicators
There is a big difference between NP3 Stock performing well and NP3 Fastigheter 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 NP3 Fastigheter'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLAZ-B | 1.47 | (0.36) | 0.00 | (0.39) | 0.00 | 3.09 | 9.17 | |||
| CATE | 1.04 | (0.26) | 0.00 | (0.59) | 0.00 | 2.15 | 7.10 | |||
| SAGA-B | 1.24 | (0.27) | 0.00 | (1.17) | 0.00 | 2.55 | 7.20 | |||
| NYF | 1.43 | (0.24) | 0.00 | (0.21) | 0.00 | 2.59 | 9.46 | |||
| DIOS | 1.16 | (0.28) | 0.00 | (0.90) | 0.00 | 2.64 | 7.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NP3 Fastigheter 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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NP3 Fastigheter Corporate Management
Elected by the shareholders, the NP3 Fastigheter's board of directors comprises two types of representatives: NP3 Fastigheter inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NP3. The board's role is to monitor NP3 Fastigheter's management team and ensure that shareholders' interests are well served. NP3 Fastigheter'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, NP3 Fastigheter's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tove Wahlen | Business Manager Gavle | Profile | |
| Markus Haggberg | Chief Officer | Profile | |
| Andreas Wahln | Chief Officer | Profile | |
| Maria Paringer | Business Manager Umea | Profile | |
| Anna Wirtn | Head Accounting | Profile | |
| Mattias Lyxell | Head Admin | Profile | |
| CEFA BSc | Chief Officer | Profile |