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 0.02 (i.e., Significant 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

Excellent diversification

The correlation between AB Volvo and DJI is -0.57 (i.e., Excellent 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 against VOLAF Pink Sheet

0.68	GIG	GigCapital7 Corp Class	Pair Corr
0.67	FTK	Flotek Industries	Pair Corr
0.64	RILY	B Riley Financial Earnings Call This Week	Pair Corr
0.61	NNBR	NN Inc	Pair Corr
0.58	DTGHF	Daimler Truck Holding Downward Rally	Pair Corr
0.58	MDIBY	Mediobanca Banca	Pair Corr
0.57	SJ	Scienjoy Holding Corp	Pair Corr
0.55	EPOKY	Epiroc AB	Pair Corr
0.55	LCCC	Lakeshore Acquisition III	Pair Corr
0.54	DTRUY	Daimler Truck Holding	Pair Corr
0.54	GLAPF	Glanbia plc Earnings Call This Week	Pair Corr
0.53	VLVLY	Volvo AB ADR	Pair Corr
0.52	PCAR	PACCAR Inc	Pair Corr
0.52	CVLG	Covenant Logistics	Pair Corr
0.51	VOLVF	Volvo AB ser	Pair Corr
0.45	IDXG	Interpace Biosciences	Pair Corr
0.45	WTTR	Select Energy Services Earnings Call This Week	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.44	SGML	Sigma Lithium Resources	Pair Corr
0.42	DE	Deere Company Upward Rally	Pair Corr
0.38	PPTTF	Perpetual Limited Earnings Call This Week	Pair Corr
0.37	KMTUF	Komatsu	Pair Corr
0.87	EVGPF	Evergrande Property	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.67	HGKGY	Power Assets Holdings	Pair Corr
0.62	SOUHY	South32 ADR	Pair Corr
0.62	AFRAF	Air France KLM	Pair Corr
0.6	CGIFF	Chemtrade Logistics Earnings Call This Week	Pair Corr
0.58	CVX	Chevron Corp	Pair Corr
0.57	PILBF	Pilbara Minerals	Pair Corr
0.55	C	Citigroup	Pair Corr
0.52	CINGW	Cingulate Warrants	Pair Corr

Related Correlations Analysis

	DTRUY	DPSTF	DHLGY	MIELF	MIELY	DTGHF	CODGF	CODYY	CTPCF	LTOUF
DTRUY		0.77	0.88	0.56	0.51	0.77	0.69	0.61	-0.4	-0.06	DTRUY
DPSTF	0.77		0.92	0.4	0.36	0.47	0.78	0.74	0.0	0.04	DPSTF
DHLGY	0.88	0.92		0.48	0.44	0.59	0.84	0.81	-0.16	0.02	DHLGY
MIELF	0.56	0.4	0.48		0.98	0.91	0.43	0.3	-0.47	0.25	MIELF
MIELY	0.51	0.36	0.44	0.98		0.91	0.4	0.27	-0.48	0.27	MIELY
DTGHF	0.77	0.47	0.59	0.91	0.91		0.47	0.33	-0.56	0.08	DTGHF
CODGF	0.69	0.78	0.84	0.43	0.4	0.47		0.76	-0.11	0.06	CODGF
CODYY	0.61	0.74	0.81	0.3	0.27	0.33	0.76		-0.05	0.06	CODYY
CTPCF	-0.4	0.0	-0.16	-0.47	-0.48	-0.56	-0.11	-0.05		-0.09	CTPCF
LTOUF	-0.06	0.04	0.02	0.25	0.27	0.08	0.06	0.06	-0.09		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

MIELY	+ 0.98	MIELF
DHLGY	+ 0.92	DPSTF
DTGHF	+ 0.91	MIELF
DTGHF	+ 0.91	MIELY
DHLGY	+ 0.88	DTRUY
CODGF	+ 0.84	DHLGY

High negative correlations

CTPCF	- 0.56	DTGHF
CTPCF	- 0.48	MIELY
CTPCF	- 0.47	MIELF
CTPCF	- 0.4	DTRUY
CTPCF	- 0.16	DHLGY
CTPCF	- 0.11	CODGF

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	1.44	0.29	0.16	(1.38)	1.16	(1.79)	4.92	(2.66)	8.35
DPSTF	1.27	0.21	0.04	(0.35)	1.69	(2.29)	3.38	(3.02)	16.54
DHLGY	1.03	0.18	0.08	(0.79)	1.32	(1.08)	2.44	(2.44)	7.57
MIELF	2.22	0.46	0.14	0.52	1.96	(3.52)	6.41	(4.42)	14.30
MIELY	1.46	0.47	0.30	0.49	1.07	(1.69)	3.13	(2.17)	10.17
DTGHF	1.14	0.25	0.10	0.26	1.08	(2.59)	4.09	(2.89)	8.30
CODGF	1.07	0.18	0.06	15.78	1.17	(2.16)	2.64	(2.32)	10.98
CODYY	1.42	0.13	0.03	(0.25)	1.62	(1.58)	3.18	(3.22)	8.41
CTPCF	1.44	0.28	0.00	7.26	0.00	0.00	0.00	(1.69)	46.54
LTOUF	1.67	0.36	0.00	(9.66)	0.00	0.00	0.00	0.00	48.05

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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