Stora Enso Correlations
| STEAV Stock | EUR 9.36 0.06 0.65% |
The current 90-days correlation between Stora Enso Oyj and Stora Enso Oyj is 0.82 (i.e., Very poor diversification). The correlation of Stora Enso 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.
Stora Enso Correlation With Market
Significant diversification
The correlation between Stora Enso Oyj and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stora Enso Oyj and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Stora Enso could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stora Enso 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 Stora Enso - 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 Stora Enso Oyj to buy it.
Moving together with Stora Stock
| 0.93 | UPM | UPM Kymmene Oyj | PairCorr |
| 0.99 | STERV | Stora Enso Oyj | PairCorr |
| 0.89 | METSB | Metsa Board Oyj | PairCorr |
| 0.76 | METSA | Metsa Board Oyj | PairCorr |
| 0.66 | ORNAV | Orion Oyj A | PairCorr |
| 0.66 | ORNBV | Orion Oyj B | PairCorr |
| 0.74 | NESTE | Neste Oil Oyj | PairCorr |
Moving against Stora Stock
Related Correlations Analysis
| 0.8 | 0.93 | -0.09 | 0.67 | STERV | ||
| 0.8 | 0.84 | -0.27 | 0.7 | METSA | ||
| 0.93 | 0.84 | -0.05 | 0.63 | UPM | ||
| -0.09 | -0.27 | -0.05 | -0.3 | HUH1V | ||
| 0.67 | 0.7 | 0.63 | -0.3 | ORNAV | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stora Stock performing well and Stora Enso 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 Stora Enso'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STERV | 1.35 | (0.35) | 0.00 | (1.05) | 0.00 | 2.58 | 7.41 | |||
| METSA | 1.21 | (0.48) | 0.00 | (1.48) | 0.00 | 1.78 | 6.97 | |||
| UPM | 1.21 | (0.26) | 0.00 | (0.85) | 0.00 | 2.17 | 6.42 | |||
| HUH1V | 1.01 | (0.19) | 0.00 | (0.17) | 0.00 | 2.07 | 10.38 | |||
| ORNAV | 1.00 | (0.05) | 0.00 | (0.10) | 0.00 | 1.81 | 11.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Stora Enso 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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Stora Enso Corporate Management
Elected by the shareholders, the Stora Enso's board of directors comprises two types of representatives: Stora Enso inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stora. The board's role is to monitor Stora Enso's management team and ensure that shareholders' interests are well served. Stora Enso'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, Stora Enso's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aruna Arumugam | Head of HR and Admin. | Profile | |
| Seppo MSc | Deputy CFO | Profile | |
| Jarmo Alm | Sr Division | Profile | |
| Christian Swartling | Sr Counsel | Profile | |
| Rene Hansen | Ex Communications | Profile | |
| AnnaLena Astrom | VP Relations | Profile | |
| Katariina Kravi | Ex HR | Profile |