Qliro AB Correlations

QLIRO Stock  SEK 21.80  0.10  0.46%   
The current 90-days correlation between Qliro AB and Nelly Group AB is 0.11 (i.e., Average diversification). The correlation of Qliro 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.

Qliro AB Correlation With Market

QliroDowDiversified AwayQliroDowDiversified Away100%

Significant diversification

The correlation between Qliro AB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qliro AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Qliro 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 Qliro 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 Qliro 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 Qliro AB to buy it.

Moving against Qliro Stock

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  0.31ALLIGO-B Alligo AB SeriesPairCorr
  0.31VOLV-B AB VolvoPairCorr
  0.5LYKO-A Lyko Group APairCorr
  0.49SEB-A Skandinaviska EnskildaPairCorr
  0.48MILDEF MilDef Group ABPairCorr
  0.46UNIBAP Unibap ABPairCorr
  0.45HAV-B Havsfrun InvestmentPairCorr
  0.43SHB-A Svenska HandelsbankenPairCorr
  0.43BEO-SDB Beowulf Mining PLCPairCorr
  0.4SWED-A Swedbank ABPairCorr
  0.36LIPI Lipidor AbPairCorr

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   
AZAG5EN
AZANELLY
PRIC-BCDON
G5ENNELLY
  
High negative correlations   
AZACDON
G5ENCDON
PRIC-BG5EN
PRIC-BAZA
CDONNELLY
PRIC-BNELLY

Risk-Adjusted Indicators

There is a big difference between Qliro Stock performing well and Qliro 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 Qliro 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qliro 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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Qliro AB Corporate Management

Elected by the shareholders, the Qliro AB's board of directors comprises two types of representatives: Qliro AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Qliro. The board's role is to monitor Qliro AB's management team and ensure that shareholders' interests are well served. Qliro 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, Qliro AB's outside directors are responsible for providing unbiased perspectives on the board's policies.