AB Volvo Correlations

VOLAFDelisted Stock

USD 28.00 0.00 0.00%

The current 90-days correlation between AB Volvo and Daimler Truck Holding is -0.2 (i.e., Good diversification). The correlation of AB Volvo 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.

AB Volvo Correlation With Market

Good diversification

The correlation between AB Volvo and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Volvo and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with VOLAF Pink Sheet

0.67

KMTUF

Komatsu

Pair Corr

Moving against VOLAF Pink Sheet

0.69	EC	Ecopetrol SA ADR	Pair Corr
0.61	DTRUY	Daimler Truck Holding	Pair Corr
0.58	VOLVF	Volvo AB ser	Pair Corr
0.56	VLVLY	Volvo AB ADR	Pair Corr
0.55	DTGHF	Daimler Truck Holding	Pair Corr
0.53	PCAR	PACCAR Inc	Pair Corr
0.52	DE	Deere Company	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.45	PTAIY	Astra International Tbk	Pair Corr
0.4	PUTKY	United Tractors Tbk	Pair Corr
0.65	FTV	Fortive Corp	Pair Corr
0.56	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.56	LCDX	Caliber Imaging Diag	Pair Corr
0.55	CASXF	Casa Minerals	Pair Corr
0.52	DB	Deutsche Bank AG	Pair Corr
0.5	SYF	Synchrony Financial	Pair Corr
0.48	NAUFF	NevGold Corp	Pair Corr
0.44	MGCV	MGC Ventures	Pair Corr
0.42	DGWPF	Drgerwerk AG	Pair Corr
0.38	SMXWW	SMX Public Limited	Pair Corr
0.31	BROS	Dutch Bros	Pair Corr

Related Correlations Analysis

	DTRUY	DPSTF	DHLGY	MIELF	MIELY	DTGHF	CODGF	CODYY	CTPCF	LTOUF
DTRUY		0.84	0.86	0.73	0.74	0.94	0.05	0.14	0.85	0.68	DTRUY
DPSTF	0.84		0.99	0.76	0.82	0.81	-0.32	-0.27	0.84	0.86	DPSTF
DHLGY	0.86	0.99		0.77	0.84	0.81	-0.31	-0.24	0.86	0.88	DHLGY
MIELF	0.73	0.76	0.77		0.93	0.75	-0.1	-0.16	0.69	0.67	MIELF
MIELY	0.74	0.82	0.84	0.93		0.74	-0.17	-0.23	0.76	0.8	MIELY
DTGHF	0.94	0.81	0.81	0.75	0.74		0.13	0.18	0.83	0.63	DTGHF
CODGF	0.05	-0.32	-0.31	-0.1	-0.17	0.13		0.87	-0.07	-0.48	CODGF
CODYY	0.14	-0.27	-0.24	-0.16	-0.23	0.18	0.87		0.05	-0.46	CODYY
CTPCF	0.85	0.84	0.86	0.69	0.76	0.83	-0.07	0.05		0.76	CTPCF
LTOUF	0.68	0.86	0.88	0.67	0.8	0.63	-0.48	-0.46	0.76		LTOUF
	DTRUY	DPSTF	DHLGY	MIELF	MIELY	DTGHF	CODGF	CODYY	CTPCF	LTOUF

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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

DHLGY	+ 0.99	DPSTF
DTGHF	+ 0.94	DTRUY
MIELY	+ 0.93	MIELF
LTOUF	+ 0.88	DHLGY
CODYY	+ 0.87	CODGF
DHLGY	+ 0.86	DTRUY

High negative correlations

LTOUF	- 0.48	CODGF
LTOUF	- 0.46	CODYY
CODGF	- 0.32	DPSTF
CODGF	- 0.31	DHLGY
CODYY	- 0.27	DPSTF
CODYY	- 0.24	DHLGY

Risk-Adjusted Indicators

There is a big difference between VOLAF Pink Sheet performing well and AB Volvo 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 AB Volvo'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
DTRUY	1.22	0.03	0.03	0.08	1.17	(1.48)	3.84	(1.71)	8.05
DPSTF	1.16	0.26	0.09	0.88	1.33	(1.76)	2.62	(2.21)	15.19
DHLGY	1.06	0.28	0.22	0.39	0.88	(1.23)	2.11	(2.01)	11.30
MIELF	1.99	0.15	0.04	0.28	2.32	(3.05)	5.50	(5.69)	14.30
MIELY	1.54	0.15	0.08	0.19	1.71	(1.76)	3.18	(2.55)	11.63
DTGHF	1.24	0.04	0.01	0.12	1.51	(1.94)	3.05	(3.48)	9.44
CODGF	1.00	(0.05)	0.00	(0.07)	0.00	0.00	3.04	(2.11)	15.11
CODYY	1.33	(0.17)	0.00	(0.05)	0.00	0.00	2.75	(3.38)	8.17
CTPCF	0.79	0.36	0.00	0.80	0.00	0.00	0.00	0.00	26.43
LTOUF	0.19	0.08	0.00	1.15	0.00	0.00	0.00	0.00	2.82

AB Volvo Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AB Volvo pink sheet to make a market-neutral strategy. Peer analysis of AB Volvo could also be used in its relative valuation, which is a method of valuing AB Volvo by comparing valuation metrics with similar companies.

Daimler Truck Holding Deutsche Post AG Deutsche Post AG Mitsubishi Electric Mitsubishi Electric Corp Daimler Truck Holding Compagnie de Saint Gobain Compagnie de Saint Gobain CITIC Limited Larsen Toubro Limited American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

AB Volvo Corporate Executives

Elected by the shareholders, the AB Volvo's board of directors comprises two types of representatives: AB Volvo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VOLAF. The board's role is to monitor AB Volvo's management team and ensure that shareholders' interests are well served. AB Volvo'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, AB Volvo's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jan Gurander

CFO and Executive VP of Corporate Fin., It and Financial Services

Profile

Still Interested in AB Volvo?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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