XP Chemistries Correlations

Stocks . Sweden . 
Stock . XP Chemistries AB
XPC Stock   0.18  0.01  5.88%   
The current 90-days correlation between XP Chemistries AB and Serstech AB is 0.13 (i.e., Average diversification). The correlation of XP Chemistries 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.

XP Chemistries Correlation With Market

Good diversification

The correlation between XP Chemistries AB and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XP Chemistries AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to XP Chemistries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XP Chemistries 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 XP Chemistries - 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 XP Chemistries AB to buy it.

Moving together with XPC Stock

  0.87AXIC-A aXichem ABPairCorr
  0.7CS CoinShares InternationalPairCorr
  0.62NANOFS Nanoform Finland PlcPairCorr

Moving against XPC Stock

  0.9NDA-SE Nordea Bank AbpPairCorr
  0.88SANION Saniona ABPairCorr
  0.81VBG-B VBG Group ABPairCorr
  0.8SSAB-A SSAB ABPairCorr
  0.8PACT Proact IT GroupPairCorr
  0.78SSAB-B SSAB ABPairCorr
  0.77PEAB-B Peab ABPairCorr
  0.75AZN AstraZeneca PLCPairCorr
  0.73OBAB Online Brands NordicPairCorr
  0.71AJA-B Byggmstare Anders SplitPairCorr
  0.71ELUX-B AB ElectroluxPairCorr
  0.7ALBERT eEducation AlbertPairCorr
  0.69ALLEI Alleima ABPairCorr
  0.67MNTC Mentice ABPairCorr
  0.52HEIM-PREF Heimstaden AB PfdPairCorr
  0.51FOI-B Fenix Outdoor InternPairCorr
  0.49FIRE Firefly ABPairCorr
  0.48TEQ Teqnion ABPairCorr
  0.46SERT Serstech ABPairCorr
  0.35NOKIA-SEK NokiaPairCorr
  0.87SYNSAM Synsam ABPairCorr
  0.86OGUN-B Ogunsen AB SeriesPairCorr
  0.83PRISMA Prisma PropertiesPairCorr
  0.8SHB-B Svenska HandelsbankenPairCorr
  0.78NELLY Nelly Group ABPairCorr
  0.77SECU-B Securitas ABPairCorr
  0.77KARNEL-B KarnellPairCorr
  0.75STOR-B Storskogen GroupPairCorr
  0.74SAND Sandvik ABPairCorr
  0.7HUM Humana ABPairCorr

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

AXIC-A
+ 0.82
TRIBO-B
AXIC-A
+ 0.77
AERO
AERO
+ 0.68
PCAT
AERO
+ 0.64
TRIBO-B
SERT
+ 0.54
KAKEL
AXIC-A
+ 0.42
PCAT
  

High negative correlations

AXIC-A
- 0.49
SERT
ORGC
- 0.45
SERT
SERT
- 0.42
TRIBO-B
SERT
- 0.39
AERO
KAKEL
- 0.39
TRIBO-B
SERT
- 0.31
PCAT

Risk-Adjusted Indicators

There is a big difference between XPC Stock performing well and XP Chemistries 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 XP Chemistries' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in XP Chemistries 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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XP Chemistries Corporate Management

Elected by the shareholders, the XP Chemistries' board of directors comprises two types of representatives: XP Chemistries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XPC. The board's role is to monitor XP Chemistries' management team and ensure that shareholders' interests are well served. XP Chemistries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, XP Chemistries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Erik NelssonChief OfficerProfile
Shuangzheng LinChief OfficerProfile
Patrik FagerholmChief OfficerProfile
Anna SvantesDirector DeveloperProfile
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