Paxman AB Correlations
| PAX Stock | SEK 63.00 0.40 0.64% |
The current 90-days correlation between Paxman AB and Dignitana AB is -0.02 (i.e., Good diversification). The correlation of Paxman 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.
Paxman AB Correlation With Market
Significant diversification
The correlation between Paxman AB and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paxman AB and DJI in the same portfolio, assuming nothing else is changed.
Paxman |
The ability to find closely correlated positions to Paxman 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 Paxman 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 Paxman 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 Paxman AB to buy it.
Moving together with Paxman Stock
| 0.68 | ARION-SDB | Arion banki hf | PairCorr |
| 0.64 | VOLV-A | AB Volvo | PairCorr |
| 0.69 | VOLV-B | AB Volvo | PairCorr |
| 0.85 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.77 | SHB-A | Svenska Handelsbanken | PairCorr |
Moving against Paxman Stock
| 0.88 | SPEC | SpectraCure AB | PairCorr |
| 0.83 | BACTI-B | Bactiguard Holding | PairCorr |
| 0.82 | ADDV-B | ADDvise Group B | PairCorr |
| 0.78 | XVIVO | Xvivo Perfusion AB | PairCorr |
| 0.67 | SEZI | Senzime AB | PairCorr |
| 0.66 | BICO | BICO Group AB | PairCorr |
| 0.62 | VOLCAR-B | Volvo Car AB | PairCorr |
| 0.33 | SEB-A | Skandinaviska Enskilda | PairCorr |
Related Correlations Analysis
| -0.49 | 0.11 | -0.51 | -0.22 | DIGN | ||
| -0.49 | -0.41 | 0.89 | 0.66 | CRAD-B | ||
| 0.11 | -0.41 | -0.47 | 0.02 | SUS | ||
| -0.51 | 0.89 | -0.47 | 0.43 | SEDANA | ||
| -0.22 | 0.66 | 0.02 | 0.43 | INTEG-B | ||
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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 Paxman Stock performing well and Paxman 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 Paxman 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIGN | 5.23 | (0.01) | 0.00 | 0.08 | 7.35 | 11.97 | 50.39 | |||
| CRAD-B | 1.60 | (0.65) | 0.00 | 11.52 | 0.00 | 2.25 | 19.41 | |||
| SUS | 2.23 | 0.21 | 0.05 | (12.07) | 2.29 | 4.14 | 13.80 | |||
| SEDANA | 2.84 | (0.92) | 0.00 | (0.44) | 0.00 | 5.19 | 35.83 | |||
| INTEG-B | 2.46 | (1.13) | 0.00 | (1.18) | 0.00 | 4.30 | 40.33 |
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Paxman AB Corporate Management
Elected by the shareholders, the Paxman AB's board of directors comprises two types of representatives: Paxman AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paxman. The board's role is to monitor Paxman AB's management team and ensure that shareholders' interests are well served. Paxman 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, Paxman AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Patrick Burke | Head Operations | Profile | |
| Emma Thornhill | Head Fin | Profile | |
| Emelie Gustafsson | Chief Officer | Profile | |
| Claire Paxman | Director Initiatives | Profile | |
| Anna Parker | Head Sales | Profile | |
| Liza Hirst | EA HR | Profile | |
| Stuart Rowling | Head Sales | Profile |