Rusta AB Correlations

RUSTA Stock

80.50 0.60 0.75%

The current 90-days correlation between Rusta AB and VBG Group AB is 0.06 (i.e., Significant diversification). The correlation of Rusta 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.

Rusta AB Correlation With Market

Good diversification

The correlation between Rusta AB and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rusta AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rusta 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 Rusta 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 Rusta 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 Rusta AB to buy it.

Moving together with Rusta Stock

0.63	AZN	AstraZeneca PLC	Pair Corr
0.75	INVE-A	Investor AB ser Earnings Call Tomorrow	Pair Corr
0.77	INVE-B	Investor AB ser Earnings Call Tomorrow	Pair Corr
0.63	ATCO-B	Atlas Copco AB Earnings Call This Week	Pair Corr
0.87	NDA-SE	Nordea Bank Abp	Pair Corr
0.91	VOLV-B	AB Volvo Earnings Call This Week	Pair Corr
0.91	VOLV-A	AB Volvo Earnings Call This Week	Pair Corr
0.74	SKIS-B	SkiStar AB	Pair Corr
0.69	BRE2	Bredband2 i Skandinavien	Pair Corr
0.8	TALK	TalkPool AG	Pair Corr
0.8	PACT	Proact IT Group	Pair Corr
0.75	ACCON	Acconeer AB	Pair Corr
0.91	ATIC	Actic Group AB	Pair Corr
0.85	INFREA	Infrea AB	Pair Corr
0.61	SGG	Sensys Gatso Group	Pair Corr
0.79	CANTA	Cantargia AB	Pair Corr
0.66	MTRS	Munters Group AB	Pair Corr
0.82	SYNSAM	Synsam AB	Pair Corr
0.75	WAYS	Waystream Holding	Pair Corr
0.91	SDS	Seamless Distribution	Pair Corr
0.62	GRNG	Grnges AB	Pair Corr
0.8	SHB-B	Svenska Handelsbanken	Pair Corr
0.63	PRISMA	Prisma Properties	Pair Corr
0.8	EKTA-B	Elekta AB	Pair Corr
0.65	FERRO	Ferroamp Elektronik	Pair Corr

Moving against Rusta Stock

0.76	HEXA-B	Hexagon AB	Pair Corr
0.33	NICO	Nicoccino Holding	Pair Corr

Related Correlations Analysis

	VBG-B	MIPS	JM	SKIS-B	RVRC	MMGR-B	BOOZT	BILI-A	FOI-B	NEWA-B
VBG-B		-0.21	-0.34	0.71	0.65	-0.6	0.43	0.63	0.46	-0.03	VBG-B
MIPS	-0.21		0.23	-0.01	0.16	0.33	0.29	0.38	-0.29	0.65	MIPS
JM	-0.34	0.23		-0.38	-0.65	0.03	-0.35	-0.26	-0.22	0.37	JM
SKIS-B	0.71	-0.01	-0.38		0.6	-0.31	0.54	0.37	0.39	0.17	SKIS-B
RVRC	0.65	0.16	-0.65	0.6		-0.09	0.75	0.71	0.26	0.0	RVRC
MMGR-B	-0.6	0.33	0.03	-0.31	-0.09		-0.11	-0.11	-0.16	0.19	MMGR-B
BOOZT	0.43	0.29	-0.35	0.54	0.75	-0.11		0.45	0.14	0.16	BOOZT
BILI-A	0.63	0.38	-0.26	0.37	0.71	-0.11	0.45		0.36	0.42	BILI-A
FOI-B	0.46	-0.29	-0.22	0.39	0.26	-0.16	0.14	0.36		0.16	FOI-B
NEWA-B	-0.03	0.65	0.37	0.17	0.0	0.19	0.16	0.42	0.16		NEWA-B
	VBG-B	MIPS	JM	SKIS-B	RVRC	MMGR-B	BOOZT	BILI-A	FOI-B	NEWA-B

Please upgrade your account to get full access to Macroaxis premium features

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

BOOZT	+ 0.75	RVRC
SKIS-B	+ 0.71	VBG-B
BILI-A	+ 0.71	RVRC
RVRC	+ 0.65	VBG-B
NEWA-B	+ 0.65	MIPS
BILI-A	+ 0.63	VBG-B

High negative correlations

RVRC	- 0.65	JM
MMGR-B	- 0.6	VBG-B
SKIS-B	- 0.38	JM
BOOZT	- 0.35	JM
JM	- 0.34	VBG-B
MMGR-B	- 0.31	SKIS-B

Risk-Adjusted Indicators

There is a big difference between Rusta Stock performing well and Rusta 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 Rusta 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
VBG-B	1.44	0.27	0.15	1.08	1.22	(2.00)	3.39	(2.32)	15.49
MIPS	1.99	(0.16)	0.00	(0.16)	0.00	0.00	3.98	(4.54)	16.79
JM	1.25	(0.03)	0.00	0.21	0.00	0.00	2.52	(2.10)	14.10
SKIS-B	0.89	0.08	0.02	1.20	0.95	(0.98)	1.70	(1.47)	6.37
RVRC	1.32	0.09	0.01	(9.02)	1.48	(1.50)	3.16	(2.55)	11.96
MMGR-B	1.19	(0.19)	0.00	(1.15)	0.00	0.00	2.67	(2.58)	8.80
BOOZT	1.71	0.02	(0.02)	(0.54)	2.23	(1.68)	3.94	(3.44)	12.34
BILI-A	1.16	0.16	0.11	0.36	1.03	(1.43)	2.42	(2.14)	14.07
FOI-B	1.67	0.10	0.03	0.44	1.89	(1.80)	4.90	(3.00)	14.16
NEWA-B	1.20	(0.03)	0.00	(0.06)	0.00	0.00	2.32	(2.77)	9.86

Rusta AB 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 Rusta AB stock to make a market-neutral strategy. Peer analysis of Rusta AB could also be used in its relative valuation, which is a method of valuing Rusta AB by comparing valuation metrics with similar companies.

VBG Group AB MIPS AB JM AB SkiStar AB RVRC Holding AB Momentum Group AB Boozt AB Bilia AB Fenix Outdoor International New Wave Group American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC