Swedbank Correlations
| SWED-A Stock | SEK 244.80 2.20 0.91% |
The current 90-days correlation between Swedbank AB and Svenska Handelsbanken AB is 0.8 (i.e., Very poor 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
Average diversification
The correlation between Swedbank AB and DJI is 0.1 (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.
Swedbank |
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 Stock
| 0.87 | NDA-SE | Nordea Bank Abp Earnings Call This Week | PairCorr |
| 0.91 | SEB-A | Skandinaviska Enskilda | PairCorr |
| 0.92 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.87 | AZA | Avanza Bank Holding | PairCorr |
| 0.7 | ARION-SDB | Arion banki hf | PairCorr |
| 0.66 | TFBANK | TF Bank AB | PairCorr |
| 0.77 | VOLV-B | AB Volvo | PairCorr |
| 0.75 | VOLV-A | AB Volvo | PairCorr |
| 0.69 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.77 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.72 | SAND | Sandvik AB | PairCorr |
| 0.75 | EMBRAC-B | Embracer Group AB Split | PairCorr |
| 0.81 | ELUX-B | AB Electrolux Earnings Call Today | PairCorr |
Moving against Swedbank Stock
Related Correlations Analysis
| 0.78 | 0.21 | 0.25 | -0.44 | SHB-A | ||
| 0.78 | 0.47 | 0.43 | -0.1 | NDA-SE | ||
| 0.21 | 0.47 | 0.73 | 0.29 | TELIA | ||
| 0.25 | 0.43 | 0.73 | 0.35 | TEL2-B | ||
| -0.44 | -0.1 | 0.29 | 0.35 | HM-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Swedbank Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHB-A | 0.75 | 0.14 | 0.07 | 3.37 | 0.66 | 1.79 | 3.91 | |||
| NDA-SE | 0.85 | 0.10 | 0.02 | 1.70 | 0.84 | 1.71 | 4.46 | |||
| TELIA | 0.92 | 0.03 | (0.05) | 0.71 | 1.04 | 1.62 | 7.05 | |||
| TEL2-B | 0.92 | 0.14 | 0.04 | 28.42 | 1.08 | 2.06 | 4.97 | |||
| HM-B | 1.00 | (0.21) | 0.00 | (1.06) | 0.00 | 2.18 | 5.59 |
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.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
Swedbank Corporate Management
Elected by the shareholders, the Swedbank's board of directors comprises two types of representatives: Swedbank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Swedbank. The board's role is to monitor Swedbank's management team and ensure that shareholders' interests are well served. Swedbank'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, Swedbank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Ljungberg | Head Sustainability | Profile | |
| Jens Henriksson | Pres CEO | Profile | |
| Carina Strand | Head Infrastructure | Profile | |
| Tomas Hedberg | Deputy CEO | Profile | |
| Britta HjorthLarsen | Chief Officer | Profile | |
| Gith Bengtsson | Head Concepts | Profile | |
| Lotta Loven | CIO Technologies | Profile |