Fastighets Correlations
| BALDF Stock | USD 6.50 0.51 7.28% |
The current 90-days correlation between Fastighets AB Balder and Globalfoundries is -0.01 (i.e., Good diversification). The correlation of Fastighets 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.
Fastighets Correlation With Market
Good diversification
The correlation between Fastighets AB Balder 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 Fastighets AB Balder and DJI in the same portfolio, assuming nothing else is changed.
Fastighets |
The ability to find closely correlated positions to Fastighets could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fastighets 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 Fastighets - 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 Fastighets AB Balder to buy it.
Moving together with Fastighets Pink Sheet
| 0.64 | HLDCY | Henderson Land Devel | PairCorr |
| 0.68 | MTSFY | Mitsui Fudosan | PairCorr |
| 0.7 | MTSFF | Mitsui Fudosan | PairCorr |
| 0.65 | MITEF | Mitsubishi Estate | PairCorr |
| 0.66 | MITEY | Mitsubishi Estate | PairCorr |
| 0.65 | NDVLY | New World Development | PairCorr |
| 0.71 | PKX | POSCO Holdings | PairCorr |
| 0.67 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.72 | HYMTF | Hyundai Motor Downward Rally | PairCorr |
| 0.7 | TSCO | Tractor Supply | PairCorr |
Moving against Fastighets Pink Sheet
| 0.65 | BKV | BKV Corporation | PairCorr |
| 0.65 | GBXI | GBX International | PairCorr |
| 0.64 | CTRN | Citi Trends | PairCorr |
| 0.6 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.59 | C | Citigroup Fiscal Year End 10th of January 2025 | PairCorr |
| 0.59 | DASH | DoorDash, Class A | PairCorr |
| 0.55 | YMM | Full Truck Alliance | PairCorr |
| 0.5 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.49 | PSQH | PSQ Holdings | PairCorr |
| 0.47 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.46 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.43 | INVZ | Innoviz Technologies Buyout Trend | PairCorr |
| 0.76 | YLWDF | Yellow Pages Limited | PairCorr |
| 0.72 | SAPMF | Saipem SpA | PairCorr |
| 0.7 | SMLR | Semler Scientific Upward Rally | PairCorr |
| 0.7 | SUM | Summit Materials | PairCorr |
| 0.66 | THCP | Thunder Bridge Capital | PairCorr |
| 0.59 | DYAI | Dyadic International | PairCorr |
Related Correlations Analysis
| -0.04 | 0.0 | 0.0 | 0.59 | 0.51 | 0.6 | ENTG | ||
| -0.04 | 0.0 | 0.0 | -0.44 | -0.47 | 0.08 | GFS | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | MDGC | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | HRDIL | ||
| 0.59 | -0.44 | 0.0 | 0.0 | 0.79 | 0.57 | ADI | ||
| 0.51 | -0.47 | 0.0 | 0.0 | 0.79 | 0.64 | MX | ||
| 0.6 | 0.08 | 0.0 | 0.0 | 0.57 | 0.64 | VSH | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fastighets Pink Sheet performing well and Fastighets 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 Fastighets' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENTG | 1.96 | (0.15) | 0.00 | (0.07) | 0.00 | 2.99 | 12.62 | |||
| GFS | 2.11 | 0.15 | 0.08 | 0.10 | 2.24 | 5.02 | 18.30 | |||
| MDGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HRDIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADI | 1.30 | (0.08) | 0.00 | (0.04) | 0.00 | 2.33 | 7.03 | |||
| MX | 1.91 | (0.26) | 0.00 | (0.57) | 0.00 | 3.47 | 17.81 | |||
| VSH | 1.77 | (0.12) | 0.00 | (0.03) | 0.00 | 4.20 | 11.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fastighets 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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Fastighets Corporate Management
| Matts Bergsten | Accounting Mang | Profile | |
| Benny Ivarsson | Head Property | Profile | |
| Erik B | CEO Fin | Profile | |
| Sharam Rahi | Deputy Officer | Profile | |
| Petra Sprangers | Head Admin | Profile | |
| Annacarin Bjorne | Head Communications | Profile |