SpectraCure Correlations
| SPEC Stock | SEK 0.10 0.01 9.09% |
The current 90-days correlation between SpectraCure AB and Iconovo is -0.13 (i.e., Good diversification). The correlation of SpectraCure 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.
SpectraCure Correlation With Market
Pay attention - limited upside
The correlation between SpectraCure AB and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SpectraCure AB and DJI in the same portfolio, assuming nothing else is changed.
SpectraCure |
The ability to find closely correlated positions to SpectraCure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SpectraCure 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 SpectraCure - 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 SpectraCure AB to buy it.
Moving together with SpectraCure Stock
| 0.65 | BICO | BICO Group AB | PairCorr |
| 0.74 | PAX | Paxman AB | PairCorr |
| 0.87 | DOXA | Doxa AB | PairCorr |
| 0.78 | SOLNA | Solnaberg Property | PairCorr |
Moving against SpectraCure Stock
| 0.92 | LUMI | Lundin Mining | PairCorr |
| 0.89 | EPI-B | Epiroc AB | PairCorr |
| 0.89 | BRE2 | Bredband2 i Skandinavien | PairCorr |
| 0.88 | INVE-A | Investor AB ser | PairCorr |
| 0.87 | BMAX | Byggmax Group AB | PairCorr |
| 0.85 | CATE | Catena AB | PairCorr |
| 0.82 | ADDV-B | ADDvise Group B | PairCorr |
| 0.79 | TINGS-PREF | Tingsvalvet Fastighets | PairCorr |
| 0.77 | TELLUS | Tellusgruppen AB | PairCorr |
| 0.71 | XVIVO | Xvivo Perfusion AB | PairCorr |
| 0.68 | VPLAY-A | Viaplay Group AB | PairCorr |
| 0.68 | ADVE | Advenica AB | PairCorr |
| 0.62 | HNSA | Hansa Biopharma AB | PairCorr |
| 0.58 | SOBI | Swedish Orphan Biovitrum | PairCorr |
| 0.57 | EPIS-B | Episurf Medical AB | PairCorr |
| 0.52 | SYSR | Systemair AB | PairCorr |
| 0.48 | BIOA-B | BioArctic AB | PairCorr |
| 0.42 | ORRON | Orrn Energy AB | PairCorr |
| 0.42 | CTEK | Ctek AB | PairCorr |
| 0.33 | STE-A | Stora Enso Oyj | PairCorr |
| 0.94 | BOL | Boliden AB | PairCorr |
| 0.91 | BESQAB | Besqab | PairCorr |
| 0.9 | SKA-B | Skanska AB | PairCorr |
| 0.9 | ARCT | Arctic Gold Publ | PairCorr |
| 0.89 | DMYD-B | Diamyd Medical AB | PairCorr |
| 0.84 | HOFI | Hoist Finance AB | PairCorr |
| 0.82 | WAYS | Waystream Holding | PairCorr |
| 0.82 | CLA-B | Cloetta AB | PairCorr |
| 0.81 | MER | Meren Energy Earnings Call Today | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SpectraCure Stock performing well and SpectraCure 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 SpectraCure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HEART | 2.01 | (0.02) | 0.00 | 0.13 | 0.00 | 4.35 | 12.63 | |||
| LXB | 4.43 | (0.70) | 0.00 | (0.50) | 0.00 | 11.63 | 37.54 | |||
| SPRINT | 5.25 | 2.23 | 0.62 | 0.63 | 2.09 | 8.82 | 124.02 | |||
| ICO | 2.36 | (0.42) | 0.00 | (12.75) | 0.00 | 3.65 | 17.95 | |||
| ATORX | 7.16 | (1.75) | 0.00 | 0.70 | 0.00 | 11.76 | 86.58 | |||
| SPAGO | 4.79 | 0.55 | 0.05 | (0.48) | 5.03 | 9.09 | 44.42 | |||
| SDOS | 1.39 | (0.18) | 0.00 | (0.31) | 0.00 | 3.48 | 13.50 | |||
| EPIS-B | 5.48 | 0.84 | 0.08 | (0.23) | 6.58 | 21.58 | 56.29 | |||
| SIMRIS-B | 8.43 | 0.55 | 0.04 | 1.24 | 11.63 | 15.24 | 104.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SpectraCure 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.Did you try this?
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SpectraCure Corporate Management
Elected by the shareholders, the SpectraCure's board of directors comprises two types of representatives: SpectraCure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SpectraCure. The board's role is to monitor SpectraCure's management team and ensure that shareholders' interests are well served. SpectraCure'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, SpectraCure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mirjam Johansson | Adm Mang | Profile | |
| Kristina Holst | Head Affairs | Profile | |
| Henrik Ljung | Chief Officer | Profile | |
| Johannes Swartling | Technical Mang | Profile | |
| Johan Folkunger | Chief Officer | Profile |