Obducat AB Correlations

Stocks Germany . 
Stock . Obducat AB
OBD Stock  EUR 0  0.01  81.25%   
The current 90-days correlation between Obducat AB and Canlan Ice Sports is 0.11 (i.e., Average diversification). The correlation of Obducat 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.

Obducat AB Correlation With Market

Very good diversification

The correlation between Obducat AB and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Obducat AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Obducat 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 Obducat 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 Obducat 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 Obducat AB to buy it.

Moving against Obducat Stock

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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

762
+ 0.7
06S
BBEA
+ 0.62
XFB
XFB
+ 0.38
CUW
762
+ 0.3
BBEA
BBEA
+ 0.27
QV5
8II
+ 0.26
CUW
  

High negative correlations

8II
- 0.64
BBEA
762
- 0.5
CUW
8II
- 0.49
QV5
CUW
- 0.4
06S
8II
- 0.26
XFB
QV5
- 0.26
06S

Risk-Adjusted Indicators

There is a big difference between Obducat Stock performing well and Obducat 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 Obducat 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Obducat 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.

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Obducat AB Corporate Management

Elected by the shareholders, the Obducat AB's board of directors comprises two types of representatives: Obducat AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Obducat. The board's role is to monitor Obducat AB's management team and ensure that shareholders' interests are well served. Obducat 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, Obducat AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Babak HeidariChief OfficerProfile
BengtOlof StrigrdDev ControllerProfile
Xavier TorresTusetChief OfficerProfile
Kristian ThulinVP SalesProfile
Patrik LundstromCEO PresProfile
Peter GranssonVP OperationsProfile
Bo WikstromHead AreaProfile
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