DevPort AB Correlations
| DEVP-B Stock | SEK 27.60 0.10 0.36% |
The current 90-days correlation between DevPort AB and CAG Group AB is 0.1 (i.e., Average diversification). The correlation of DevPort AB 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.
DevPort AB Correlation With Market
Good diversification
The correlation between DevPort AB and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DevPort AB and DJI in the same portfolio, assuming nothing else is changed.
DevPort |
The ability to find closely correlated positions to DevPort AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DevPort AB 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 DevPort AB - 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 DevPort AB to buy it.
Moving together with DevPort Stock
| 0.76 | VIT-B | Vitec Software Group | PairCorr |
| 0.88 | BETCO | Better Collective | PairCorr |
| 0.84 | IAR-B | IAR Systems Group | PairCorr |
| 0.82 | SEYE | Smart Eye AB | PairCorr |
| 0.86 | UPSALE | Upsales Technology | PairCorr |
| 0.62 | FPIP | FormPipe Software | PairCorr |
| 0.63 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.68 | VOLCAR-B | Volvo Car AB | PairCorr |
Moving against DevPort Stock
| 0.89 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.84 | ENEA | Enea AB | PairCorr |
| 0.81 | STORY-B | Storytel AB | PairCorr |
| 0.59 | VOLV-B | AB Volvo | PairCorr |
| 0.52 | VOLV-A | AB Volvo | PairCorr |
| 0.5 | LIME | Lime Technologies | PairCorr |
Related Correlations Analysis
| -0.67 | -0.64 | -0.28 | 0.61 | CAG | ||
| -0.67 | 0.83 | 0.57 | -0.7 | AVEN | ||
| -0.64 | 0.83 | 0.63 | -0.57 | PRCO-B | ||
| -0.28 | 0.57 | 0.63 | -0.12 | B3 | ||
| 0.61 | -0.7 | -0.57 | -0.12 | NTEK-B | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between DevPort Stock performing well and DevPort AB 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 DevPort AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAG | 0.66 | 0.03 | (0.12) | (0.05) | 0.74 | 1.38 | 5.88 | |||
| AVEN | 1.40 | (0.18) | 0.00 | 1.66 | 0.00 | 2.96 | 11.59 | |||
| PRCO-B | 1.71 | (0.38) | 0.00 | (0.60) | 0.00 | 3.82 | 10.10 | |||
| B3 | 1.33 | (0.33) | 0.00 | (0.88) | 0.00 | 2.55 | 8.42 | |||
| NTEK-B | 1.47 | 0.04 | 0.02 | 0.18 | 1.45 | 4.59 | 12.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DevPort AB 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?
Run Equity Analysis Now
Equity AnalysisResearch over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
| All Next | Launch Module |
DevPort AB Corporate Management
Elected by the shareholders, the DevPort AB's board of directors comprises two types of representatives: DevPort AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DevPort. The board's role is to monitor DevPort AB's management team and ensure that shareholders' interests are well served. DevPort AB'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, DevPort AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nils Malmros | Pres CEO | Profile | |
| Charlotta Dehn | COO CEO | Profile | |
| Christian Sjoberg | Bus Mang | Profile | |
| Victor Appelqvist | Chief Officer | Profile | |
| Houtan Houshmand | Chief Officer | Profile | |
| Daniel Birks | CIO ITMang | Profile | |
| Nino Glad | Regional Mang | Profile |