Orexo AB Correlations

ORXOF Stock

USD 3.23 0.00 0.00%

The current 90-days correlation between Orexo AB and Shield Therapeutics plc is -0.02 (i.e., Good 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.

Orexo AB Correlation With Market

Poor diversification

The correlation between Orexo AB and DJI is 0.76 (i.e., Poor 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.

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 together with Orexo OTC Stock

0.77	MKKGY	Merck KGaA ADR	Pair Corr
0.75	MKGAF	MERCK Kommanditgesells	Pair Corr
0.85	TAK	Takeda Pharmaceutical Earnings Call This Week	Pair Corr
0.75	TKPHF	Takeda Pharmaceutical Earnings Call This Week	Pair Corr
0.69	HLN	Haleon plc Aggressive Push	Pair Corr
0.72	TEVA	Teva Pharmaceutical Earnings Call Tomorrow	Pair Corr
0.64	HLNCF	Haleon plc	Pair Corr
0.74	TEVA	Teva Pharma Industries Aggressive Push	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.79	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.69	BA	Boeing Earnings Call Today	Pair Corr
0.74	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Orexo OTC Stock

0.72	PBCRY	Bank Central Asia	Pair Corr
0.51	PTAIF	PT Astra International	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.62	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.33	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SHIEF	PFGTF	GGBXF	GRUSF	BIOYF	LOVFF	IMPZY	TOKIF	JUSHF	POLBF
SHIEF		-0.72	0.0	0.67	0.72	0.66	0.25	0.0	0.22	0.0	SHIEF
PFGTF	-0.72		0.0	-0.53	-0.6	-0.53	-0.3	0.0	-0.1	0.0	PFGTF
GGBXF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GGBXF
GRUSF	0.67	-0.53	0.0		0.57	0.42	0.06	0.0	0.61	0.0	GRUSF
BIOYF	0.72	-0.6	0.0	0.57		0.77	0.64	0.0	0.16	0.0	BIOYF
LOVFF	0.66	-0.53	0.0	0.42	0.77		0.46	0.0	0.14	0.0	LOVFF
IMPZY	0.25	-0.3	0.0	0.06	0.64	0.46		0.0	-0.41	0.0	IMPZY
TOKIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	-1.0	TOKIF
JUSHF	0.22	-0.1	0.0	0.61	0.16	0.14	-0.41	0.0		0.0	JUSHF
POLBF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	0.0		POLBF
	SHIEF	PFGTF	GGBXF	GRUSF	BIOYF	LOVFF	IMPZY	TOKIF	JUSHF	POLBF

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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

LOVFF	+ 0.77	BIOYF
BIOYF	+ 0.72	SHIEF
GRUSF	+ 0.67	SHIEF
LOVFF	+ 0.66	SHIEF
IMPZY	+ 0.64	BIOYF
JUSHF	+ 0.61	GRUSF

High negative correlations

POLBF	- 1.0	TOKIF
PFGTF	- 0.72	SHIEF
BIOYF	- 0.6	PFGTF
LOVFF	- 0.53	PFGTF
GRUSF	- 0.53	PFGTF
JUSHF	- 0.41	IMPZY

Risk-Adjusted Indicators

There is a big difference between Orexo OTC Stock performing well and Orexo AB OTC Stock 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 Orexo 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
SHIEF	2.70	0.86	0.00	0.97	0.00	0.00	0.82	0.00	61.79
PFGTF	2.18	(0.19)	0.00	(0.87)	0.00	0.00	0.00	0.00	60.82
GGBXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRUSF	4.24	0.41	0.04	(0.24)	4.49	(6.16)	8.70	(6.98)	48.44
BIOYF	1.05	0.32	0.14	1.68	1.06	(1.42)	3.14	(1.89)	9.22
LOVFF	1.69	0.29	0.06	(0.26)	1.75	(3.34)	6.56	(3.45)	15.50
IMPZY	0.01	(0.01)	0.00	0.50	0.00	0.00	0.00	0.00	0.25
TOKIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JUSHF	6.67	0.33	0.03	0.48	9.48	(8.56)	18.33	(9.84)	104.05
POLBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

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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
Cecilia Coupland	VP Operations	Profile
Lena Wange	Investor Relations & Communications Manager	Profile
Jesper Lind	Advisor	Profile
Dennis Urbaniak	Ex Therapeutics	Profile

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