Rusta AB Correlations

RUSTA Stock

85.05 0.10 0.12%

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

Weak diversification

The correlation between Rusta AB and DJI is 0.31 (i.e., Weak 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

0.65	INVE-A	Investor AB ser	Pair Corr
0.66	INVE-B	Investor AB ser	Pair Corr
0.83	NDA-SE	Nordea Bank Abp	Pair Corr
0.81	VOLV-B	AB Volvo	Pair Corr
0.81	VOLV-A	AB Volvo	Pair Corr
0.91	SWED-A	Swedbank AB	Pair Corr
0.88	PEAB-B	Peab AB	Pair Corr
0.76	QSYS	QSYS	Pair Corr
0.86	BUY	Sweden BuyersClub	Pair Corr
0.88	OGUN-B	Ogunsen AB Series	Pair Corr
0.83	LUMI	Lundin Mining	Pair Corr
0.82	SSAB-B	SSAB AB	Pair Corr
0.67	POLYG	Polygiene AB	Pair Corr
0.9	SANION	Saniona AB	Pair Corr
0.68	PRISMA	Prisma Properties	Pair Corr
0.87	SDS	Seamless Distribution	Pair Corr
0.69	EKTA-B	Elekta AB	Pair Corr
0.65	STOR-B	Storskogen Group	Pair Corr
0.84	ARISE	Arise Windpower AB	Pair Corr

Moving against Rusta Stock

0.74	HEXA-B	Hexagon AB	Pair Corr
0.45	RATO-B	Ratos AB	Pair Corr
0.38	DUST	Dustin Group AB	Pair Corr

Related Correlations Analysis

	VBG-B	MIPS	JM	SKIS-B	RVRC	MMGR-B	BOOZT	BILI-A	FOI-B	NEWA-B
VBG-B		-0.53	-0.64	0.82	0.88	-0.45	0.75	0.71	0.56	-0.04	VBG-B
MIPS	-0.53		0.28	-0.25	-0.31	0.5	-0.15	-0.06	-0.43	0.52	MIPS
JM	-0.64	0.28		-0.5	-0.55	0.45	-0.42	-0.56	-0.48	0.24	JM
SKIS-B	0.82	-0.25	-0.5		0.75	-0.32	0.75	0.57	0.52	0.25	SKIS-B
RVRC	0.88	-0.31	-0.55	0.75		-0.27	0.84	0.89	0.56	0.27	RVRC
MMGR-B	-0.45	0.5	0.45	-0.32	-0.27		-0.34	-0.02	-0.05	0.53	MMGR-B
BOOZT	0.75	-0.15	-0.42	0.75	0.84	-0.34		0.7	0.49	0.36	BOOZT
BILI-A	0.71	-0.06	-0.56	0.57	0.89	-0.02	0.7		0.51	0.4	BILI-A
FOI-B	0.56	-0.43	-0.48	0.52	0.56	-0.05	0.49	0.51		0.07	FOI-B
NEWA-B	-0.04	0.52	0.24	0.25	0.27	0.53	0.36	0.4	0.07		NEWA-B
	VBG-B	MIPS	JM	SKIS-B	RVRC	MMGR-B	BOOZT	BILI-A	FOI-B	NEWA-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

BILI-A	+ 0.89	RVRC
RVRC	+ 0.88	VBG-B
BOOZT	+ 0.84	RVRC
SKIS-B	+ 0.82	VBG-B
BOOZT	+ 0.75	VBG-B
RVRC	+ 0.75	SKIS-B

High negative correlations

JM	- 0.64	VBG-B
BILI-A	- 0.56	JM
RVRC	- 0.55	JM
MIPS	- 0.53	VBG-B
SKIS-B	- 0.5	JM
FOI-B	- 0.48	JM

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	1.38	0.26	0.18	0.56	1.06	(1.87)	2.55	(2.14)	14.38
MIPS	1.67	(0.06)	0.00	(0.17)	0.00	0.00	3.88	(2.91)	16.11
JM	1.24	(0.05)	(0.02)	0.01	2.36	(1.26)	2.70	(2.34)	14.73
SKIS-B	1.01	0.10	0.05	0.33	1.28	(1.13)	2.01	(1.96)	7.05
RVRC	1.27	0.46	0.42	0.55	0.60	(1.63)	3.16	(1.27)	10.60
MMGR-B	1.18	(0.15)	0.00	(0.10)	0.00	0.00	2.45	(3.12)	8.80
BOOZT	1.54	0.18	0.09	0.25	1.79	(1.62)	3.94	(2.71)	12.34
BILI-A	1.03	0.16	0.14	0.28	0.85	(1.32)	2.26	(1.46)	14.05
FOI-B	1.69	(0.01)	(0.02)	0.05	2.04	(1.78)	4.34	(3.00)	14.16
NEWA-B	1.03	0.00	(0.02)	0.08	1.53	(0.94)	1.79	(2.69)	8.85

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

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