Thule Group Correlations
| THLPF Stock | USD 26.82 0.00 0.00% |
The correlation of Thule Group 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.
Thule Group Correlation With Market
Very good diversification
The correlation between Thule Group AB and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thule Group AB and DJI in the same portfolio, assuming nothing else is changed.
Thule |
The ability to find closely correlated positions to Thule Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thule Group 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 Thule Group - 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 Thule Group AB to buy it.
Moving together with Thule OTC Stock
Moving against Thule OTC Stock
| 0.87 | WF | Woori Financial Group | PairCorr |
| 0.84 | KB | KB Financial Group | PairCorr |
| 0.83 | SHG | Shinhan Financial | PairCorr |
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.7 | TSM | Taiwan Semiconductor | PairCorr |
| 0.58 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.41 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.78 | MTZ | MasTec Inc | PairCorr |
| 0.77 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.76 | BYM | BlackRock Municipal | PairCorr |
| 0.66 | VOD | Vodafone Group PLC | PairCorr |
| 0.65 | WLK | Westlake Chemical | PairCorr |
| 0.65 | AOIFF | Africa Oil Corp | PairCorr |
| 0.59 | CMA | Comerica Incorporated | PairCorr |
| 0.59 | SBKO | Summit Bank Group | PairCorr |
| 0.58 | ACGL | Arch Capital Group | PairCorr |
| 0.58 | FLFG | Federal Life Group | PairCorr |
| 0.53 | STRS | Stratus Properties | PairCorr |
| 0.51 | TG | Tredegar | PairCorr |
| 0.48 | CING | Cingulate | PairCorr |
| 0.47 | IFS | Intercorp Financial | PairCorr |
| 0.43 | WEJTY | Webjet Limited | PairCorr |
| 0.37 | CLEGF | Coles Group | PairCorr |
| 0.88 | OTSKY | Otsuka Holdings | PairCorr |
| 0.74 | JNJ | Johnson Johnson | PairCorr |
| 0.72 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.62 | ESTA | Establishment Labs Earnings Call This Week | PairCorr |
| 0.59 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.55 | NTRSO | Northern Trust | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Thule OTC Stock performing well and Thule Group OTC Stock 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 Thule Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORGH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MHHC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SYEV | 24.25 | 9.31 | 0.00 | 1.31 | 0.00 | 40.00 | 480.00 | |||
| RUNI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIFG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRYN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IRNS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RBSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thule Group 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 Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Thule Group Corporate Management
Elected by the shareholders, the Thule Group's board of directors comprises two types of representatives: Thule Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thule. The board's role is to monitor Thule Group's management team and ensure that shareholders' interests are well served. Thule Group'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, Thule Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| KarlJohan Magnusson | VP Devel | Profile | |
| Peter Linderoth | Sec | Profile | |
| Jonas Lindqvist | Chief Officer | Profile | |
| Rickard Andersson | VP Chain | Profile | |
| Marianne Hagelqvist | Head Accounting | Profile |