Orexo AB Correlations
| ORX Stock | SEK 9.55 0.15 1.60% |
The current 90-days correlation between Orexo AB and Anoto Group AB is 0.06 (i.e., Significant diversification). The correlation of Orexo 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.
Orexo AB Correlation With Market
Modest diversification
The correlation between Orexo AB and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orexo AB and DJI in the same portfolio, assuming nothing else is changed.
Orexo |
The ability to find closely correlated positions to Orexo 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 Orexo 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 Orexo 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 Orexo AB to buy it.
Moving against Orexo Stock
| 0.87 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.87 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.78 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.61 | VOLV-B | AB Volvo | PairCorr |
| 0.55 | VOLV-A | AB Volvo | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Orexo 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?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Orexo AB Corporate Management
Elected by the shareholders, the Orexo AB's board of directors comprises two types of representatives: Orexo AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orexo. The board's role is to monitor Orexo AB's management team and ensure that shareholders' interests are well served. Orexo 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, Orexo AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fredrik Jarrsten | Ex CFO | Profile | |
| MD MBA | Chief Officer | Profile | |
| Lena Wange | Investor Relations & Communications Manager | Profile | |
| Jesper Lind | Advisor | Profile | |
| Dennis Urbaniak | Ex Therapeutics | Profile |