Obducat AB Correlations

Stocks . Germany . 
Stock . Obducat AB
OBD Stock  EUR 0.01  0  77.78%   
The current 90-days correlation between Obducat AB and Treasure ASA is -0.08 (i.e., Good 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

Excellent diversification

The correlation between Obducat AB and DJI is -0.69 (i.e., Excellent 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 together with Obducat Stock

  0.61BZG2 BANK CENTRAL ASIAPairCorr

Moving against Obducat Stock

  0.724OQ1 AGNC Investment CorpPairCorr
  0.694QVA Siamgas and PetrochePairCorr
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  0.68W25 West African Resources Earnings Call This WeekPairCorr
  0.63PQ9 BANK MANDIRIPairCorr
  0.63EMD ENM Holdings LimitedPairCorr
  0.62BYRA PT Bank RakyatPairCorr
  0.62VDY OneSpanPairCorr
  0.6TEX Castellum ABPairCorr
  0.62X0 CortevaPairCorr
  0.59SHF SNP Schneider NeureiPairCorr
  0.58O7D Arctic Fox LithiumPairCorr
  0.56PUM PUMA SEPairCorr
  0.55CWA0 REFINED METALS PPairCorr
  0.54SHG Sun Hung KaiPairCorr
  0.5TWZ Trican Well ServicePairCorr
  0.48LU2 Lumentum HoldingsPairCorr
  0.48KOM1 KOMATSUPairCorr
  0.48WNI WHITE MTNS INSPairCorr
  0.45PQ9 BANK MANDIRIPairCorr
  0.41PQ9 BANK MANDIRIPairCorr
  0.4KSB KSB SEPairCorr
  0.372CR NETEL HOLDING ABPairCorr
  0.35BYRA PT Bank RakyatPairCorr
  0.35KPN Koninklijke KPN NVPairCorr
  0.31PQ9 PT Bank MandiriPairCorr
  0.73C43 Cosmo PharmaceuticalsPairCorr
  0.72DBPE Xtrackers LevDAXPairCorr
  0.71OCBA Oversea Chinese BankingPairCorr
  0.71NE0 NEXA RESOURCES SAPairCorr
  0.69KIN2 Kinross GoldPairCorr
  0.68F5J Mineral ResourcesPairCorr
  0.68KIN2 Kinross GoldPairCorr
  0.67IXD1 Industria de DisenoPairCorr

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

EIS
+ 0.57
FTD
T1A
+ 0.51
FTD
HHX
+ 0.42
W060
T1A
+ 0.32
HHX
T1A
+ 0.3
EIS
HETA
+ 0.12
W060
  

High negative correlations

HETA
- 0.63
T1A
W060
- 0.54
FTD
HETA
- 0.53
EIS
HETA
- 0.53
FTD
EIS
- 0.5
W060
HETA
- 0.37
HHX

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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