Oneflow AB Correlations
| ONEF Stock | 18.75 0.90 4.58% |
The current 90-days correlation between Oneflow AB and Gapwaves AB Series is 0.04 (i.e., Significant diversification). The correlation of Oneflow 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Oneflow AB Correlation With Market
Pay attention - limited upside
The correlation between Oneflow AB and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oneflow AB and DJI in the same portfolio, assuming nothing else is changed.
Oneflow |
The ability to find closely correlated positions to Oneflow 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 Oneflow 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 Oneflow 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 Oneflow AB to buy it.
Moving together with Oneflow Stock
Moving against Oneflow Stock
| 0.9 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.89 | INVE-A | Investor AB ser | PairCorr |
| 0.89 | INVE-B | Investor AB ser | PairCorr |
| 0.88 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.86 | VOLV-B | AB Volvo | PairCorr |
| 0.86 | VOLV-A | AB Volvo | PairCorr |
| 0.84 | BESQAB | Besqab | PairCorr |
| 0.83 | MER | Meren Energy | PairCorr |
| 0.82 | EPI-B | Epiroc AB | PairCorr |
| 0.81 | DMYD-B | Diamyd Medical AB | PairCorr |
| 0.8 | NOKIA-SEK | Nokia | PairCorr |
| 0.78 | ELUX-B | AB Electrolux | PairCorr |
| 0.78 | SOBI | Swedish Orphan Biovitrum | PairCorr |
| 0.77 | TINGS-PREF | Tingsvalvet Fastighets | PairCorr |
| 0.76 | BRE2 | Bredband2 i Skandinavien | PairCorr |
| 0.73 | ADDV-B | ADDvise Group B | PairCorr |
| 0.72 | KAKEL | Kakel Max AB | PairCorr |
| 0.69 | NDA-SE | Nordea Bank Abp | PairCorr |
| 0.67 | WAYS | Waystream Holding | PairCorr |
| 0.65 | INWI | Inwido AB | PairCorr |
| 0.62 | AZN | AstraZeneca PLC | PairCorr |
| 0.62 | CDON | CDON AB | PairCorr |
| 0.56 | SAXG | Saxlund Group AB | PairCorr |
| 0.45 | BIOA-B | BioArctic AB | PairCorr |
| 0.38 | XINT | Xintela AB | PairCorr |
| 0.36 | WISE | Wise Group AB | PairCorr |
| 0.91 | CLA-B | Cloetta AB | PairCorr |
| 0.88 | BMAX | Byggmax Group AB | PairCorr |
| 0.87 | HOFI | Hoist Finance AB | PairCorr |
| 0.87 | BOL | Boliden AB | PairCorr |
| 0.84 | LUMI | Lundin Mining | PairCorr |
| 0.84 | ATT | Attendo AB | PairCorr |
| 0.83 | TELLUS | Tellusgruppen AB | PairCorr |
| 0.81 | CATE | Catena AB | PairCorr |
| 0.81 | ABB | ABB | PairCorr |
| 0.76 | SKA-B | Skanska AB | PairCorr |
| 0.76 | VPLAY-A | Viaplay Group 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 Oneflow Stock performing well and Oneflow 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 Oneflow 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIM | 2.31 | (0.08) | 0.00 | 0.40 | 0.00 | 4.87 | 17.16 | |||
| GIG-SDB | 3.41 | (0.25) | 0.00 | (0.20) | 0.00 | 10.25 | 28.51 | |||
| G5EN | 1.99 | (0.70) | 0.00 | (40.72) | 0.00 | 3.53 | 28.50 | |||
| UPSALE | 2.20 | (0.30) | 0.00 | 11.31 | 0.00 | 4.18 | 13.05 | |||
| GENI | 1.56 | (0.27) | 0.00 | (0.49) | 0.00 | 2.60 | 17.78 | |||
| CX | 1.21 | 0.00 | 0.00 | 0.12 | 0.00 | 2.87 | 10.67 | |||
| OPTER | 1.31 | (0.36) | 0.00 | (3.36) | 0.00 | 2.43 | 8.66 | |||
| CAG | 0.79 | (0.05) | 0.00 | (0.19) | 0.00 | 1.85 | 4.78 | |||
| ADVE | 2.72 | (0.05) | (0.02) | 0.06 | 3.15 | 6.00 | 22.87 | |||
| GAPW-B | 1.74 | (0.54) | 0.00 | (1.08) | 0.00 | 3.02 | 14.34 |
Oneflow AB Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oneflow AB stock to make a market-neutral strategy. Peer analysis of Oneflow AB could also be used in its relative valuation, which is a method of valuing Oneflow AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |