Concentric Correlations
| COIC Stock | SEK 230.00 1.00 0.44% |
The correlation of Concentric 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.
Concentric Correlation With Market
Average diversification
The correlation between Concentric AB and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concentric AB and DJI in the same portfolio, assuming nothing else is changed.
Concentric |
The ability to find closely correlated positions to Concentric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concentric 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 Concentric - 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 Concentric AB to buy it.
Moving together with Concentric Stock
Moving against Concentric Stock
| 0.62 | BEIA-B | Beijer Alma AB | PairCorr |
| 0.62 | XANO-B | XANO Industri AB | PairCorr |
| 0.58 | NG | Northgold AB | PairCorr |
| 0.52 | CAT-A | Catella AB A | PairCorr |
| 0.48 | BEIJ-B | Beijer Ref AB | PairCorr |
| 0.47 | GARO | Garo AB | PairCorr |
| 0.38 | ABSO | Absolent Group AB | PairCorr |
Related Correlations Analysis
| -0.11 | -0.55 | -0.45 | 0.58 | INWI | ||
| -0.11 | 0.02 | -0.54 | -0.13 | BUFAB | ||
| -0.55 | 0.02 | 0.71 | -0.74 | BEIA-B | ||
| -0.45 | -0.54 | 0.71 | -0.55 | LIAB | ||
| 0.58 | -0.13 | -0.74 | -0.55 | ALIG | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Concentric Stock performing well and Concentric 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 Concentric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INWI | 1.05 | 0.07 | (0.08) | (0.14) | 1.08 | 1.84 | 13.05 | |||
| BUFAB | 1.51 | (0.08) | 0.00 | 1.66 | 0.00 | 2.77 | 10.55 | |||
| BEIA-B | 1.20 | (0.31) | 0.00 | (1.22) | 0.00 | 2.23 | 7.75 | |||
| LIAB | 1.49 | (0.29) | 0.00 | (0.31) | 0.00 | 3.07 | 15.03 | |||
| ALIG | 1.22 | 0.13 | 0.02 | 1.01 | 1.27 | 2.71 | 8.45 |
Concentric Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Concentric stock to make a market-neutral strategy. Peer analysis of Concentric could also be used in its relative valuation, which is a method of valuing Concentric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Concentric Corporate Management
Elected by the shareholders, the Concentric's board of directors comprises two types of representatives: Concentric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Concentric. The board's role is to monitor Concentric's management team and ensure that shareholders' interests are well served. Concentric'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, Concentric's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marcus Whitehouse | Chief Officer | Profile | |
| Brandon Larche | VP EMP | Profile | |
| Boris Gavric | VP Solutions | Profile | |
| Martin Kunz | Pres CEO | Profile | |
| Fernando Palmero | VP Division | Profile | |
| John Beadsworth | Interim World | Profile | |
| Deborah Clayton | VP HR | Profile |