Epiroc AB Correlations
| EPI-B Stock | SEK 185.00 3.20 1.70% |
The current 90-days correlation between Epiroc AB and Sandvik AB is 0.83 (i.e., Very poor diversification). The correlation of Epiroc 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Epiroc AB Correlation With Market
Significant diversification
The correlation between Epiroc AB and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epiroc AB and DJI in the same portfolio, assuming nothing else is changed.
Epiroc |
The ability to find closely correlated positions to Epiroc 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 Epiroc 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 Epiroc 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 Epiroc AB to buy it.
Moving together with Epiroc Stock
Moving against Epiroc Stock
Related Correlations Analysis
| 0.94 | 0.68 | 0.41 | 0.8 | ATCO-B | ||
| 0.94 | 0.76 | 0.35 | 0.87 | SAND | ||
| 0.68 | 0.76 | -0.17 | 0.72 | EPI-A | ||
| 0.41 | 0.35 | -0.17 | 0.38 | ESSITY-B | ||
| 0.8 | 0.87 | 0.72 | 0.38 | HEXA-B | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Epiroc Stock performing well and Epiroc 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 Epiroc 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATCO-B | 1.04 | 0.02 | (0.05) | 0.26 | 1.38 | 1.77 | 8.09 | |||
| SAND | 1.02 | 0.09 | (0.02) | 1.99 | 1.32 | 2.28 | 8.28 | |||
| EPI-A | 1.23 | 0.18 | 0.04 | (7.27) | 1.29 | 2.81 | 8.44 | |||
| ESSITY-B | 0.71 | (0.09) | 0.00 | (15.19) | 0.00 | 1.16 | 6.31 | |||
| HEXA-B | 1.56 | 0.13 | 0.02 | 1.21 | 1.65 | 3.63 | 7.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Epiroc 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?
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Epiroc AB Corporate Management
Elected by the shareholders, the Epiroc AB's board of directors comprises two types of representatives: Epiroc AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Epiroc. The board's role is to monitor Epiroc AB's management team and ensure that shareholders' interests are well served. Epiroc 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, Epiroc AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Helena MSc | Pres CEO | Profile | |
| Hakan MSc | Sr CFO | Profile | |
| Sami Niiranen | Pres Division | Profile | |
| Charlotta Grhs | Sr Counsel | Profile | |
| Mattias Olsson | Sr Communications | Profile | |
| Nadim Penser | VP Leadership | Profile | |
| Martin Hjerpe | VP Strategy | Profile |