Swedbank Correlations

SWDBY Stock

USD 22.21 0.11 0.50%

The current 90-days correlation between Swedbank AB and United Overseas Bank is 0.27 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Swedbank Correlation With Market

Average diversification

The correlation between Swedbank AB and DJI is 0.19 (i.e., Average 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

0.82	MMM	3M Company	Pair Corr
0.64	GE	GE Aerospace	Pair Corr

Moving against Swedbank Pink Sheet

0.44	PG	Procter Gamble	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr
0.31	INTC	Intel	Pair Corr

Related Correlations Analysis

	UOVEY	KBCSY	JYSKY	ISDAY	OVCHY	NRDBY	DBSDY	PPERY	PBCRY	NDBKY
UOVEY		0.46	0.0	0.46	0.14	-0.22	0.95	-0.58	-0.6	-0.45	UOVEY
KBCSY	0.46		0.0	0.43	0.27	0.02	0.6	-0.7	-0.75	-0.63	KBCSY
JYSKY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	JYSKY
ISDAY	0.46	0.43	0.0		0.21	-0.28	0.55	-0.41	-0.18	-0.07	ISDAY
OVCHY	0.14	0.27	0.0	0.21		0.26	0.18	-0.09	-0.22	-0.23	OVCHY
NRDBY	-0.22	0.02	0.0	-0.28	0.26		-0.27	0.46	0.2	0.2	NRDBY
DBSDY	0.95	0.6	0.0	0.55	0.18	-0.27		-0.7	-0.65	-0.52	DBSDY
PPERY	-0.58	-0.7	0.0	-0.41	-0.09	0.46	-0.7		0.87	0.84	PPERY
PBCRY	-0.6	-0.75	0.0	-0.18	-0.22	0.2	-0.65	0.87		0.91	PBCRY
NDBKY	-0.45	-0.63	0.0	-0.07	-0.23	0.2	-0.52	0.84	0.91		NDBKY
	UOVEY	KBCSY	JYSKY	ISDAY	OVCHY	NRDBY	DBSDY	PPERY	PBCRY	NDBKY

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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

DBSDY	+ 0.95	UOVEY
NDBKY	+ 0.91	PBCRY
PBCRY	+ 0.87	PPERY
NDBKY	+ 0.84	PPERY
DBSDY	+ 0.6	KBCSY
DBSDY	+ 0.55	ISDAY

High negative correlations

PBCRY	- 0.75	KBCSY
PPERY	- 0.7	DBSDY
PPERY	- 0.7	KBCSY
PBCRY	- 0.65	DBSDY
NDBKY	- 0.63	KBCSY
PBCRY	- 0.6	UOVEY

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
UOVEY	0.78	0.15	0.08	0.48	0.81	(0.87)	2.14	(1.42)	9.66
KBCSY	1.09	0.11	0.03	0.52	1.26	(1.22)	2.24	(2.00)	7.28
JYSKY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDAY	0.65	0.11	0.00	(2.90)	0.00	0.00	0.00	0.00	20.20
OVCHY	1.44	0.23	0.06	(1.25)	1.74	(1.58)	3.56	(2.71)	10.69
NRDBY	0.92	0.04	(0.03)	0.46	1.15	(0.93)	1.98	(1.96)	4.90
DBSDY	0.86	0.15	0.07	0.65	0.93	(0.95)	1.71	(1.79)	11.77
PPERY	1.67	(0.33)	0.00	(0.38)	0.00	0.00	2.82	(3.26)	10.73
PBCRY	1.34	(0.29)	0.00	(1.32)	0.00	0.00	2.26	(3.09)	7.78
NDBKY	1.38	(0.21)	0.00	(0.47)	0.00	0.00	2.30	(2.74)	7.52

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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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