Svenska Handelsbanken Correlations

The correlation of Svenska Handelsbanken 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.

The ability to find closely correlated positions to Svenska Handelsbanken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Svenska Handelsbanken 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 Svenska Handelsbanken - 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 Svenska Handelsbanken AB to buy it.

Moving against Svenska Pink Sheet

0.34	AWCMF	Alumina Limited	Pair Corr
0.36	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.35	BLSP	Blue Sphere Corp	Pair Corr

Related Correlations Analysis

	ACGBF	CICHF	NABZY	BML-PJ	SAN	BBVXF	MUFG	BCLYF	SVNLY	BCS
ACGBF		0.39	-0.11	0.5	0.12	0.56	0.25	0.53	0.23	0.54	ACGBF
CICHF	0.39		-0.36	0.63	0.26	0.53	0.31	0.45	-0.24	0.49	CICHF
NABZY	-0.11	-0.36		-0.06	-0.06	-0.31	0.26	0.12	0.23	0.14	NABZY
BML-PJ	0.5	0.63	-0.06		0.4	0.6	0.23	0.3	-0.18	0.44	BML-PJ
SAN	0.12	0.26	-0.06	0.4		0.36	-0.24	0.04	0.2	0.1	SAN
BBVXF	0.56	0.53	-0.31	0.6	0.36		0.16	0.52	-0.17	0.4	BBVXF
MUFG	0.25	0.31	0.26	0.23	-0.24	0.16		0.7	-0.16	0.81	MUFG
BCLYF	0.53	0.45	0.12	0.3	0.04	0.52	0.7		0.01	0.83	BCLYF
SVNLY	0.23	-0.24	0.23	-0.18	0.2	-0.17	-0.16	0.01		0.02	SVNLY
BCS	0.54	0.49	0.14	0.44	0.1	0.4	0.81	0.83	0.02		BCS
	ACGBF	CICHF	NABZY	BML-PJ	SAN	BBVXF	MUFG	BCLYF	SVNLY	BCS

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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

BCS	+ 0.83	BCLYF
BCS	+ 0.81	MUFG
BCLYF	+ 0.7	MUFG
BML-PJ	+ 0.63	CICHF
BBVXF	+ 0.6	BML-PJ
BBVXF	+ 0.56	ACGBF

High negative correlations

NABZY	- 0.36	CICHF
BBVXF	- 0.31	NABZY
MUFG	- 0.24	SAN
SVNLY	- 0.24	CICHF
SVNLY	- 0.18	BML-PJ
SVNLY	- 0.17	BBVXF

Risk-Adjusted Indicators

There is a big difference between Svenska Pink Sheet performing well and Svenska Handelsbanken 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 Svenska Handelsbanken'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
ACGBF	1.14	0.18	0.00	0.73	0.00	0.00	2.22	(2.17)	24.29
CICHF	1.66	0.19	0.02	12.30	2.19	(3.62)	5.63	(3.90)	17.79
NABZY	1.10	0.06	(0.02)	0.53	1.41	(1.09)	1.97	(1.92)	6.87
BML-PJ	0.39	0.08	(0.09)	12.23	0.33	(0.43)	0.85	(0.84)	2.24
SAN	1.34	(0.04)	0.00	(0.23)	0.00	0.00	2.37	(3.70)	8.69
BBVXF	0.88	0.12	0.00	0.03	0.00	0.00	3.00	0.00	27.92
MUFG	1.34	0.05	0.04	0.16	1.67	(1.31)	3.19	(2.73)	9.15
BCLYF	2.13	0.07	(0.01)	0.44	2.47	(2.74)	4.96	(4.91)	11.41
SVNLY	0.97	(0.04)	0.00	0.83	0.00	0.00	1.40	(2.10)	10.17
BCS	1.66	(0.05)	0.01	0.09	2.11	(1.67)	3.35	(3.62)	10.17

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Our tools can tell you how much better you can do entering a position in Svenska Handelsbanken 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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Svenska Handelsbanken Corporate Management

Martin Wasteson	Chief Legal Counsel	Profile
Louise Sander	Head of Pensions & Life at Handelsbanken Capital Markets	Profile
Carl Cederschiold	Deputy CFO	Profile
Mattias Forsberg	Chief Director	Profile

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