Securitas Correlations

Stocks . Germany . 
Stock . Securitas AB
S7MB Stock  EUR 11.56  0.18  1.53%   
The current 90-days correlation between Securitas AB and China Communications Services is 0.1 (i.e., Average diversification). The correlation of Securitas 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.

Securitas Correlation With Market

Significant diversification

The correlation between Securitas AB and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Securitas AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Securitas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Securitas 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 Securitas - 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 Securitas AB to buy it.

Moving together with Securitas Stock

  0.88ALZC ASSA ABLOY ABPairCorr
  0.9H11 Halma plcPairCorr
  0.69M07 MSA SafetyPairCorr
  0.71SNQB SANOMA DusseldorfPairCorr
  0.78OYC Delta Air LinesPairCorr
  0.655F3 JINS HOLDINGS INCPairCorr
  0.88CNJ Canon Marketing JapanPairCorr
  0.84AZ5 AUTOZONE DusseldorfPairCorr
  0.91HEI Heidelberg MaterialsPairCorr
  0.89ZFI1 Zurich InsurancePairCorr
  0.93RK Ryohin KeikakuPairCorr
  0.791FA SPROUTS FARMERS MKTPairCorr
  0.86BN9 Bank of New York MellonPairCorr
  0.72XGH ENN Energy HoldingsPairCorr
  0.75FDX FedExPairCorr
  0.71ERT ELECTRONIC ARTSPairCorr
  0.7TDK TDK CorporationPairCorr
  0.66MEL Meli Hotels InternationalPairCorr

Moving against Securitas Stock

  0.87BZG2 BANK CENTRAL ASIAPairCorr
  0.85PQ9 BANK MANDIRIPairCorr
  0.82BYRA BANK RAKYAT INDPairCorr
  0.8PQ9 PT Bank MandiriPairCorr
  0.8BYRA PT Bank RakyatPairCorr
  0.78PTY BrinksPairCorr
  0.78PQ9 BANK MANDIRIPairCorr
  0.76BYRA BANK RAKYAT INDPairCorr
  0.73PQ9 BANK MANDIRIPairCorr
  0.57BYRA PT Bank RakyatPairCorr
  0.37ALZ ABB PAR ABPairCorr
  0.55BZG2 BANK CENTRAL ASIAPairCorr

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   
HPI2
+ 0.76
IQ3
CAC1
+ 0.73
CMW
CAC1
+ 0.71
HPI2
CAC1
+ 0.66
IQ3
PN1
+ 0.45
IQ3
PN1
+ 0.39
HPI2
  
High negative correlations   
HPI2
- 0.77
WA7
IQ3
- 0.76
WA7
CAC1
- 0.62
WA7
PN1
- 0.51
CMW
PN1
- 0.32
WA7
CMW
- 0.32
WA7

Risk-Adjusted Indicators

There is a big difference between Securitas Stock performing well and Securitas 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 Securitas' 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 Securitas 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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Securitas Corporate Management

Elected by the shareholders, the Securitas' board of directors comprises two types of representatives: Securitas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Securitas. The board's role is to monitor Securitas' management team and ensure that shareholders' interests are well served. Securitas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Securitas' outside directors are responsible for providing unbiased perspectives on the board's policies.
Henrik ZetterbergDivisional EuropeProfile
Magnus AhlqvistPres CEOProfile
Helena AndreasVP PeopleProfile
Lisa SjokvistHead CommunicationsProfile
Carin AnderssonGroup CommunicationsProfile
Jan LindstrmVP FinProfile
Andreas LindbackChief OfficerProfile
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