Precise Biometrics Correlations
The correlation of Precise Biometrics 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.
Precise |
The ability to find closely correlated positions to Precise Biometrics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precise Biometrics 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 Precise Biometrics - 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 Precise Biometrics AB to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between Precise Stock performing well and Precise Biometrics 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 Precise Biometrics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FING-B | 7.20 | 0.76 | 0.10 | 0.67 | 6.96 | 22.55 | 66.51 | |||
| ANOT | 3.29 | (0.08) | 0.00 | (24.70) | 0.00 | 6.67 | 37.45 | |||
| NEXT | 1.35 | (0.31) | 0.00 | (8.09) | 0.00 | 2.65 | 8.88 | |||
| IDEX | 5.68 | (2.88) | 0.00 | (0.59) | 0.00 | 5.56 | 48.25 |
Precise Biometrics 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 Precise Biometrics stock to make a market-neutral strategy. Peer analysis of Precise Biometrics could also be used in its relative valuation, which is a method of valuing Precise Biometrics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Precise Biometrics Corporate Management
Elected by the shareholders, the Precise Biometrics' board of directors comprises two types of representatives: Precise Biometrics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Precise. The board's role is to monitor Precise Biometrics' management team and ensure that shareholders' interests are well served. Precise Biometrics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Precise Biometrics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Patrick Hoijer | CEO Identity | Profile | |
| Anna Leo | Head Communications | Profile | |
| Annsofi Hijenstam | Director Communications | Profile | |
| Annika Freij | Chief Officer | Profile | |
| Richard Skalsky | Chief AB | Profile |