Clean Motion Correlations

CLEMO Stock  SEK 0.32  0.02  5.88%   
The current 90-days correlation between Clean Motion AB and Clinical Laserthermia Systems is 0.06 (i.e., Significant diversification). The correlation of Clean Motion 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.

Clean Motion Correlation With Market

Significant diversification

The correlation between Clean Motion AB and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Motion AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Clean Motion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Motion 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 Clean Motion - 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 Clean Motion AB to buy it.

Moving together with Clean Stock

  0.64VOLCAR-B Volvo Car ABPairCorr
  0.82ELLWEE Ellwee ABPairCorr
  0.82NILS Nilsson Special VehiclesPairCorr
  0.81INTRUM Intrum Justitia ABPairCorr
  0.61BEGR BE Group ABPairCorr

Moving against Clean Stock

  0.72THULE Thule Group ABPairCorr
  0.51BOL Boliden ABPairCorr
  0.368TRA Traton SEPairCorr

Related Correlations Analysis

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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   
EMBELLCLEMO
ALBERTCLEMO
ALBERTEMBELL
CLS-BCLEMO
CLS-BNORVA
IAR-BCLEMO
  
High negative correlations   
IAR-B8TRA
CLS-B8TRA
ALBERTMEKO
ALBERT8TRA
EMBELL8TRA
CLEMO8TRA

Risk-Adjusted Indicators

There is a big difference between Clean Stock performing well and Clean Motion 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 Clean Motion'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clean Motion 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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Clean Motion Corporate Management

Elected by the shareholders, the Clean Motion's board of directors comprises two types of representatives: Clean Motion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clean. The board's role is to monitor Clean Motion's management team and ensure that shareholders' interests are well served. Clean Motion'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, Clean Motion's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gran FolkessonCEO DirectorProfile
Anil AroraCountry IndiaProfile
William CollingsHead of DevelopmentProfile
Jorgen JohanssonProduction ManagerProfile