Paradox Interactive Correlations
| PRXXF Stock | USD 17.98 0.00 0.00% |
The correlation of Paradox Interactive 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.
Paradox Interactive Correlation With Market
Significant diversification
The correlation between Paradox Interactive AB and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradox Interactive AB and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Paradox Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paradox Interactive 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 Paradox Interactive - 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 Paradox Interactive AB to buy it.
Moving together with Paradox Pink Sheet
Moving against Paradox Pink Sheet
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Related Correlations Analysis
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 Paradox Pink Sheet performing well and Paradox Interactive 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 Paradox Interactive'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MIXIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DNACF | 1.15 | 0.19 | 0.00 | (0.20) | 0.00 | 0.00 | 46.70 | |||
| AMANF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AITUF | 0.07 | 0.02 | 0.00 | 6.54 | 0.00 | 0.00 | 1.19 | |||
| VAIAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CSIOY | 1.33 | (0.14) | 0.00 | (0.65) | 0.00 | 3.21 | 7.25 | |||
| THQQF | 1.59 | (0.35) | 0.00 | 0.42 | 0.00 | 0.00 | 59.72 | |||
| CFTLF | 0.65 | (0.33) | 0.00 | (2.04) | 0.00 | 0.00 | 8.11 | |||
| HLTEF | 0.14 | (0.08) | 0.00 | 1.05 | 0.00 | 0.00 | 4.71 | |||
| JELLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Paradox Interactive Corporate Management
| Julien Wera | Chief Officer | Profile | |
| Fredrik Wester | Director Founder | Profile | |
| Johan Bolin | Chief Officer | Profile | |
| Henrik Fahreus | Chief Officer | Profile | |
| Johan Andersson | PDS Direction | Profile | |
| Charlotta Nilsson | Chief Officer | Profile |