Boreo Oyj Correlations
| BOREO Stock | EUR 10.40 0.20 1.89% |
The current 90-days correlation between Boreo Oyj and Harvia Oyj is 0.07 (i.e., Significant diversification). The correlation of Boreo Oyj 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.
Boreo Oyj Correlation With Market
Good diversification
The correlation between Boreo Oyj and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boreo Oyj and DJI in the same portfolio, assuming nothing else is changed.
Boreo |
The ability to find closely correlated positions to Boreo Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boreo Oyj 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 Boreo Oyj - 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 Boreo Oyj to buy it.
Moving together with Boreo Stock
| 0.87 | KEMPOWR | Kempower Oyj | PairCorr |
| 0.69 | REKA | Reka Industrial Oyj | PairCorr |
| 0.66 | KNEBV | KONE Oyj | PairCorr |
| 0.63 | TIETO | TietoEVRY Corp | PairCorr |
| 0.87 | STEAV | Stora Enso Oyj | PairCorr |
| 0.87 | STERV | Stora Enso Oyj | PairCorr |
| 0.63 | TELIA1 | Telia Company | PairCorr |
| 0.82 | WRT1V | Wartsila Oyj Abp | PairCorr |
Moving against Boreo Stock
| 0.66 | ERIBR | Telefonaktiebolaget | PairCorr |
| 0.63 | KESKOB | Kesko Oyj | PairCorr |
| 0.62 | KESKOA | Kesko Oyj | PairCorr |
| 0.33 | NDA-FI | Nordea Bank Abp | PairCorr |
Related Correlations Analysis
| 0.36 | 0.15 | 0.02 | 0.63 | HARVIA | ||
| 0.36 | 0.75 | 0.65 | 0.73 | TEM1V | ||
| 0.15 | 0.75 | 0.86 | 0.65 | QTCOM | ||
| 0.02 | 0.65 | 0.86 | 0.52 | KAMUX | ||
| 0.63 | 0.73 | 0.65 | 0.52 | MEKKO | ||
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Risk-Adjusted Indicators
There is a big difference between Boreo Stock performing well and Boreo Oyj 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 Boreo Oyj'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HARVIA | 1.52 | 0.14 | 0.05 | 0.37 | 1.58 | 3.41 | 13.53 | |||
| TEM1V | 1.58 | (0.22) | 0.00 | 1.01 | 0.00 | 3.44 | 13.59 | |||
| QTCOM | 1.60 | (0.41) | 0.00 | (0.35) | 0.00 | 2.77 | 23.61 | |||
| KAMUX | 1.14 | (0.11) | 0.00 | (0.64) | 0.00 | 2.65 | 7.19 | |||
| MEKKO | 1.47 | 0.06 | (0.04) | (0.01) | 2.17 | 2.95 | 11.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Boreo Oyj 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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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
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Boreo Oyj Corporate Management
Elected by the shareholders, the Boreo Oyj's board of directors comprises two types of representatives: Boreo Oyj inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boreo. The board's role is to monitor Boreo Oyj's management team and ensure that shareholders' interests are well served. Boreo Oyj'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, Boreo Oyj's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mari Katara | VP HR | Profile | |
| Janne Silvennoinen | VP area | Profile | |
| Tomi Sundberg | VP Excellence | Profile | |
| Jesse Petaja | VP Acquisition | Profile | |
| Aku Rumpunen | Chief Officer | Profile | |
| Richard Karlsson | Sr Area | Profile |