Dlaboratory Sweden Correlations
| DLAB Stock | SEK 2.49 0.13 5.51% |
The current 90-days correlation between Dlaboratory Sweden and iZafe Group AB is -0.2 (i.e., Good diversification). The correlation of Dlaboratory Sweden 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.
Dlaboratory Sweden Correlation With Market
Average diversification
The correlation between Dlaboratory Sweden 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 Dlaboratory Sweden AB and DJI in the same portfolio, assuming nothing else is changed.
Dlaboratory |
The ability to find closely correlated positions to Dlaboratory Sweden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dlaboratory Sweden 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 Dlaboratory Sweden - 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 Dlaboratory Sweden AB to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between Dlaboratory Stock performing well and Dlaboratory Sweden 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 Dlaboratory Sweden'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IZAFE-B | 3.55 | 0.11 | 0.00 | 0.97 | 3.92 | 10.00 | 29.29 | |||
| LPGO | 4.91 | (0.48) | 0.00 | (2.22) | 0.00 | 11.76 | 36.83 | |||
| GARO | 2.03 | (0.16) | 0.00 | 0.89 | 0.00 | 5.17 | 11.08 | |||
| AKEL-D | 0.50 | (0.01) | (0.12) | (0.36) | 0.58 | 1.22 | 2.45 |
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Dlaboratory Sweden Corporate Management
Elected by the shareholders, the Dlaboratory Sweden's board of directors comprises two types of representatives: Dlaboratory Sweden inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dlaboratory. The board's role is to monitor Dlaboratory Sweden's management team and ensure that shareholders' interests are well served. Dlaboratory Sweden'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, Dlaboratory Sweden's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Severin | Chief Officer | Profile | |
| Henrik Winberg | COO Director | Profile | |
| Claes Petren | Chief Officer | Profile | |
| Fredrik Akke | CTO Founder | Profile | |
| Louise Erliksson | Communications Mang | Profile | |
| Magnus Akke | Founder Director | Profile |