Stillfront Group Correlations

SF Stock  SEK 4.46  0.06  1.36%   
The current 90-days correlation between Stillfront Group and Dustin Group AB is 0.1 (i.e., Average diversification). The correlation of Stillfront Group 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.

Stillfront Group Correlation With Market

Very good diversification

The correlation between Stillfront Group AB and DJI is -0.49 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stillfront Group AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Stillfront Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stillfront Group 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 Stillfront Group - 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 Stillfront Group AB to buy it.

Moving together with Stillfront Stock

  0.7EMBRAC-B Embracer Group ABPairCorr
  0.93PDX Paradox InteractivePairCorr
  0.74EG7 Enad Global 7 Earnings Call TomorrowPairCorr

Moving against Stillfront Stock

  0.88BOL Boliden ABPairCorr
  0.87LUND-B L E Lundbergfretagen Earnings Call This WeekPairCorr
  0.79ELON Elon ABPairCorr
  0.77TELLUS Tellusgruppen ABPairCorr
  0.75SAVE Nordnet ABPairCorr
  0.72THUNDR Thunderful GroupPairCorr
  0.7DMYD-B Diamyd Medical ABPairCorr
  0.68TEL2-A Tele2 ABPairCorr
  0.64NP3 NP3 Fastigheter ABPairCorr
  0.59QAIR Qleanair HoldingPairCorr
  0.58SAAB-B Saab ABPairCorr
  0.53SWED-A Swedbank ABPairCorr
  0.49NIVI-B Nivika FastigheterPairCorr
  0.47AAC AAC Clyde Space Earnings Call This WeekPairCorr
  0.32CAMX Camurus ABPairCorr
  0.95INDU-C Industrivarden AB serPairCorr
  0.89ELUX-B AB ElectroluxPairCorr
  0.87ASSA-B ASSA ABLOY ABPairCorr
  0.87ABB ABBPairCorr
  0.84INTRUM Intrum Justitia ABPairCorr
  0.81MAHA-A Maha Energy ABPairCorr
  0.73ORES Investment AB OresundPairCorr
  0.73247 24SevenOffice ScandinaviaPairCorr
  0.71TINGS-PREF Tingsvalvet FastighetsPairCorr

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

PACTEG7
PACTDUST
CINTEG7
VERT-BDUST
VERT-BCINT
VERT-BEG7
  

High negative correlations

STAR-BKNOW
STAR-BSEYE
VERT-BKNOW
CINTKNOW
STAR-BPACT
EG7KNOW

Risk-Adjusted Indicators

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

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