ADDvise Group Correlations
| ADDV-B Stock | SEK 3.78 0.19 5.29% |
The current 90-days correlation between ADDvise Group B and Xvivo Perfusion AB is 0.29 (i.e., Modest diversification). The correlation of ADDvise 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.
ADDvise Group Correlation With Market
Good diversification
The correlation between ADDvise Group B and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADDvise Group B and DJI in the same portfolio, assuming nothing else is changed.
ADDvise |
The ability to find closely correlated positions to ADDvise 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 ADDvise 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 ADDvise 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 ADDvise Group B to buy it.
Moving together with ADDvise Stock
| 0.86 | XVIVO | Xvivo Perfusion AB | PairCorr |
| 0.83 | BICO | BICO Group AB | PairCorr |
| 0.91 | BACTI-B | Bactiguard Holding | PairCorr |
| 0.62 | MNTC | Mentice AB | PairCorr |
| 0.91 | SPEC | SpectraCure AB | PairCorr |
| 0.63 | SEZI | Senzime AB | PairCorr |
| 0.93 | NAXS | NAXS Nordic Access | PairCorr |
| 0.79 | IMP-A-SDB | Implantica AG | PairCorr |
| 0.88 | ALZCUR | AlzeCure Pharma | PairCorr |
Moving against ADDvise Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between ADDvise Stock performing well and ADDvise Group 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 ADDvise 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XVIVO | 1.63 | (0.18) | 0.00 | (0.61) | 0.00 | 3.00 | 12.19 | |||
| BICO | 2.96 | (0.26) | 0.00 | 0.48 | 0.00 | 5.43 | 33.23 | |||
| STIL | 1.74 | 0.08 | (0.02) | 0.80 | 1.78 | 4.27 | 15.04 | |||
| SPEC | 2.93 | (0.73) | 0.00 | (10.74) | 0.00 | 6.10 | 30.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ADDvise 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?
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ADDvise Group Corporate Management
Elected by the shareholders, the ADDvise Group's board of directors comprises two types of representatives: ADDvise Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ADDvise. The board's role is to monitor ADDvise Group's management team and ensure that shareholders' interests are well served. ADDvise 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, ADDvise Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johan Eklund | Chief Auditor | Profile | |
| Fredrik Mella | Chief Officer | Profile | |
| Hanna Myhrman | G Counsel | Profile | |
| Astrid Mller | Head Service | Profile | |
| Nils Berglund | VP | Profile | |
| Sebastian Robson | Chief Officer | Profile | |
| Mats Andersson | Sales Ventilation | Profile |