Orexo AB Correlations
| ORXOY Stock | USD 1.00 0.00 0.00% |
The current 90-days correlation between Orexo AB ADR and Tilray Inc is -0.18 (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. If the correlation is 0, the equities are not correlated; they are entirely random.
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 ADR to buy it.
Moving together with Orexo OTC Stock
| 0.76 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.75 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Orexo OTC Stock
| 0.81 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.74 | FNMA | Federal National Mortgage Buyout Trend | PairCorr |
| 0.71 | GOOG | Alphabet Class C | PairCorr |
| 0.68 | NVDA | NVIDIA | PairCorr |
| 0.68 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.66 | AMZN | Amazon Inc | PairCorr |
| 0.35 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | WMT | Walmart Aggressive Push | PairCorr |
| 0.68 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.57 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.55 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.53 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | HPQ | HP Inc | PairCorr |
| 0.33 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHPH | 5.63 | (1.03) | 0.00 | 17.64 | 0.00 | 10.08 | 50.96 | |||
| LFCR | 4.14 | 0.38 | 0.06 | 0.38 | 6.50 | 9.76 | 30.90 | |||
| CTLT | 0.44 | (0.02) | (0.19) | 0.08 | 0.35 | 1.12 | 3.36 | |||
| LSDI | 298.43 | 147.97 | 3.23 | 5.56 | 27.98 | 550.00 | 3,998 | |||
| TLRY | 2.26 | (0.42) | 0.00 | 1.18 | 0.00 | 4.94 | 21.22 | |||
| IRWD | 3.38 | (0.71) | 0.00 | (0.14) | 0.00 | 6.62 | 20.41 | |||
| ALKS | 1.76 | (0.15) | (0.03) | 0.03 | 2.06 | 4.14 | 9.74 | |||
| EGRX | 3.94 | (1.12) | 0.00 | 1.87 | 0.00 | 9.24 | 53.71 | |||
| ANIP | 1.86 | (0.23) | 0.00 | (0.06) | 0.00 | 3.70 | 10.82 | |||
| AQST | 3.29 | (0.06) | 0.01 | 0.09 | 3.86 | 6.51 | 20.28 |
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?
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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 | |
| Lena Wange | Investor Relations & Communications Manager | Profile | |
| Jesper Lind | Advisor | Profile | |
| Dennis Urbaniak | Ex Therapeutics | Profile |