Swedbank Correlations

SWDBF Stock

USD 40.91 1.33 3.36%

The current 90-days correlation between Swedbank AB and Skandinaviska Enskilda Banken is -0.06 (i.e., Good diversification). The correlation of Swedbank 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.

Swedbank Correlation With Market

Very poor diversification

The correlation between Swedbank AB and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swedbank AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Swedbank Pink Sheet

0.72	CIHHF	China Merchants Bank	Pair Corr
0.72	BBDC4	Banco Bradesco SA	Pair Corr
0.95	MFG	Mizuho Financial	Pair Corr
0.87	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.94	PNC	PNC Financial Services	Pair Corr
0.8	ISRMF	iShares MSCI	Pair Corr
0.71	MRLWF	Marlowe Plc	Pair Corr
0.81	KNTK	Kinetik Holdings	Pair Corr
0.77	GOOD	Gladstone Commercial Earnings Call Next Week	Pair Corr
0.77	INTC	Intel	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.61	MCD	McDonalds Earnings Call This Week	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.9	JNJ	Johnson Johnson	Pair Corr
0.86	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	PFE	Pfizer Inc	Pair Corr
0.91	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.88	CAT	Caterpillar	Pair Corr

Moving against Swedbank Pink Sheet

0.81	HDB	HDFC Bank Limited	Pair Corr
0.73	CIHKY	China Merchants Bank	Pair Corr
0.57	MMSI	Merit Medical Systems	Pair Corr
0.32	IBN	ICICI Bank Limited	Pair Corr
0.47	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SVKEF	DNSKF	DNKEY	BKRKF	BLMIF	JPPTY	BKRKY	DNBBY	DNBBF	BKHYY
SVKEF		0.79	0.83	-0.28	0.76	0.81	0.28	0.82	0.71	0.8	SVKEF
DNSKF	0.79		0.85	-0.49	0.74	0.83	0.06	0.79	0.72	0.76	DNSKF
DNKEY	0.83	0.85		-0.27	0.83	0.9	0.03	0.97	0.91	0.9	DNKEY
BKRKF	-0.28	-0.49	-0.27		-0.37	-0.39	0.02	-0.17	-0.05	-0.37	BKRKF
BLMIF	0.76	0.74	0.83	-0.37		0.89	-0.06	0.84	0.73	0.92	BLMIF
JPPTY	0.81	0.83	0.9	-0.39	0.89		0.08	0.89	0.78	0.92	JPPTY
BKRKY	0.28	0.06	0.03	0.02	-0.06	0.08		0.06	-0.07	-0.05	BKRKY
DNBBY	0.82	0.79	0.97	-0.17	0.84	0.89	0.06		0.92	0.88	DNBBY
DNBBF	0.71	0.72	0.91	-0.05	0.73	0.78	-0.07	0.92		0.81	DNBBF
BKHYY	0.8	0.76	0.9	-0.37	0.92	0.92	-0.05	0.88	0.81		BKHYY
	SVKEF	DNSKF	DNKEY	BKRKF	BLMIF	JPPTY	BKRKY	DNBBY	DNBBF	BKHYY

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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

DNBBY	+ 0.97	DNKEY
BKHYY	+ 0.92	BLMIF
BKHYY	+ 0.92	JPPTY
DNBBF	+ 0.92	DNBBY
DNBBF	+ 0.91	DNKEY
JPPTY	+ 0.9	DNKEY

High negative correlations

BKRKF	- 0.49	DNSKF
JPPTY	- 0.39	BKRKF
BKHYY	- 0.37	BKRKF
BLMIF	- 0.37	BKRKF
BKRKF	- 0.28	SVKEF
BKRKF	- 0.27	DNKEY

Risk-Adjusted Indicators

There is a big difference between Swedbank Pink Sheet performing well and Swedbank 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 Swedbank'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
SVKEF	0.64	0.17	0.00	(4.17)	0.00	0.00	3.28	(1.87)	12.51
DNSKF	0.62	0.21	0.00	(0.55)	0.00	0.00	2.45	0.00	11.39
DNKEY	0.97	0.20	0.16	0.29	0.91	(1.09)	2.31	(1.72)	5.36
BKRKF	2.51	0.11	0.01	0.26	5.16	(6.08)	5.26	(8.70)	47.81
BLMIF	0.93	0.32	0.00	(0.98)	0.00	0.00	3.03	(1.13)	13.71
JPPTY	3.36	1.35	0.18	(0.94)	2.19	(9.68)	9.02	(5.23)	62.34
BKRKY	1.22	(0.06)	0.00	(0.21)	0.00	0.00	2.79	(2.54)	11.47
DNBBY	0.95	0.17	0.12	0.32	0.88	(1.05)	2.03	(1.76)	5.02
DNBBF	1.78	0.24	0.07	0.60	2.31	(1.81)	4.50	(4.84)	10.57
BKHYY	1.51	0.31	0.13	0.99	1.65	(1.67)	3.29	(3.04)	11.67

Be your own money manager

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

Erik Ljungberg	Head Sustainability	Profile
Jens Henriksson	Pres CEO	Profile
Carina Strand	Head of Group Human Resources	Profile
Tomas Hedberg	Deputy CEO	Profile
Britta HjorthLarsen	Chief Officer	Profile
Gith Bengtsson	Head Concepts	Profile
Lotta Loven	acting co-Head of Digital Banking	Profile

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