AB Sagax Correlations
| SAGA-B Stock | SEK 243.60 6.40 2.70% |
The current 90-days correlation between AB Sagax and Fastighets AB Balder is 0.74 (i.e., Poor diversification). The correlation of AB Sagax 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.
AB Sagax Correlation With Market
Significant diversification
The correlation between AB Sagax and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Sagax and DJI in the same portfolio, assuming nothing else is changed.
SAGA-B |
The ability to find closely correlated positions to AB Sagax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Sagax 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 AB Sagax - 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 AB Sagax to buy it.
Moving together with SAGA-B Stock
| 0.62 | SAGA-D | AB Sagax | PairCorr |
| 0.99 | SAGA-A | AB Sagax | PairCorr |
| 0.83 | SBB-D | Samhaellsbyggnadsbol Earnings Call Today | PairCorr |
| 0.76 | WIHL | Wihlborgs Fastigheter | PairCorr |
| 0.65 | CORE-PREF | Corem Property Group | PairCorr |
| 0.93 | CATE | Catena AB | PairCorr |
| 0.79 | NP3 | NP3 Fastigheter AB | PairCorr |
| 0.86 | CORE-B | Corem Property Group | PairCorr |
| 0.79 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.82 | ATCO-B | Atlas Copco AB | PairCorr |
Moving against SAGA-B Stock
| 0.83 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.79 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.59 | TRUE-B | Truecaller AB | PairCorr |
| 0.43 | ARION-SDB | Arion banki hf | PairCorr |
| 0.31 | VOLV-B | AB Volvo | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in AB Sagax 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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AB Sagax Corporate Management
Elected by the shareholders, the AB Sagax's board of directors comprises two types of representatives: AB Sagax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAGA-B. The board's role is to monitor AB Sagax's management team and ensure that shareholders' interests are well served. AB Sagax'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, AB Sagax's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jaakko Vehanen | Chief Oy | Profile | |
| Bjorn Garat | Head CEO | Profile | |
| Carlos Galofre | CEO Spain | Profile | |
| Mikael Dahlberg | Group Controller | Profile | |
| Urban Sjlund | Head Management | Profile | |
| Agneta Segerhammar | Chief Officer | Profile | |
| Romain Autreaux | Chief France | Profile |