Stille AB Correlations
| STIL Stock | SEK 188.50 2.00 1.05% |
The current 90-days correlation between Stille AB and Immunovia publ AB is 0.01 (i.e., Significant diversification). The correlation of Stille 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.
Stille AB Correlation With Market
Very good diversification
The correlation between Stille AB and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stille AB and DJI in the same portfolio, assuming nothing else is changed.
Stille |
The ability to find closely correlated positions to Stille 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 Stille 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 Stille 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 Stille AB to buy it.
Moving against Stille Stock
| 0.6 | EPI-B | Epiroc AB | PairCorr |
| 0.55 | HNSA | Hansa Biopharma AB | PairCorr |
| 0.52 | EPIS-B | Episurf Medical AB | PairCorr |
| 0.51 | XVIVO | Xvivo Perfusion AB | PairCorr |
| 0.51 | VPLAY-A | Viaplay Group AB | PairCorr |
| 0.5 | TINGS-PREF | Tingsvalvet Fastighets | PairCorr |
| 0.49 | TELLUS | Tellusgruppen AB | PairCorr |
| 0.47 | BRE2 | Bredband2 i Skandinavien | PairCorr |
| 0.47 | INVE-A | Investor AB ser | PairCorr |
| 0.44 | CATE | Catena AB | PairCorr |
| 0.42 | ADVE | Advenica AB | PairCorr |
| 0.4 | ADDV-B | ADDvise Group B | PairCorr |
| 0.39 | BMAX | Byggmax Group AB | PairCorr |
| 0.36 | LUMI | Lundin Mining | PairCorr |
| 0.31 | SOBI | Swedish Orphan Biovitrum | PairCorr |
| 0.59 | ARCT | Arctic Gold Publ | PairCorr |
| 0.58 | DMYD-B | Diamyd Medical AB | PairCorr |
| 0.58 | ORTI-B | Ortivus AB ser | PairCorr |
| 0.52 | ELUX-B | AB Electrolux | PairCorr |
| 0.52 | LEMSE | Leading Edge Materials | PairCorr |
| 0.51 | BESQAB | Besqab | PairCorr |
| 0.5 | BOL | Boliden AB | PairCorr |
| 0.49 | NOBA | NOBA Bank | PairCorr |
| 0.49 | MEAB-B | Malmbergs Elektriska | PairCorr |
Related Correlations Analysis
| 0.87 | 0.83 | 0.61 | 0.77 | 0.79 | IMMNOV | ||
| 0.87 | 0.76 | 0.79 | 0.6 | 0.78 | SPEC | ||
| 0.83 | 0.76 | 0.45 | 0.72 | 0.66 | ACTI | ||
| 0.61 | 0.79 | 0.45 | 0.42 | 0.46 | SCIB | ||
| 0.77 | 0.6 | 0.72 | 0.42 | 0.51 | BIOVIC-B | ||
| 0.79 | 0.78 | 0.66 | 0.46 | 0.51 | PILA | ||
Risk-Adjusted Indicators
There is a big difference between Stille Stock performing well and Stille 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 Stille 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMMNOV | 4.37 | (0.33) | 0.00 | 0.29 | 0.00 | 10.00 | 32.65 | |||
| SPEC | 3.46 | (0.59) | 0.00 | 0.97 | 0.00 | 6.25 | 39.76 | |||
| ACTI | 2.61 | (0.14) | 0.00 | 0.22 | 0.00 | 7.69 | 23.13 | |||
| SCIB | 4.69 | 0.16 | 0.03 | 0.24 | 5.31 | 9.09 | 51.44 | |||
| BIOVIC-B | 3.69 | (0.32) | 0.00 | 1.59 | 0.00 | 8.82 | 42.73 | |||
| PILA | 4.18 | (0.79) | 0.00 | (2.48) | 0.00 | 9.82 | 51.16 |
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