Swedbank Correlations
| SWDBY Stock | USD 19.60 0.37 1.92% |
The current 90-days correlation between Swedbank AB and HUMANA INC is -0.1 (i.e., Good diversification). The correlation of Swedbank 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.
Swedbank Correlation With Market
Good diversification
The correlation between Swedbank AB and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swedbank AB and DJI in the same portfolio, assuming nothing else is changed.
Swedbank |
The ability to find closely correlated positions to Swedbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swedbank 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 Swedbank - 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 Swedbank AB to buy it.
Moving together with Swedbank Pink Sheet
| 0.74 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.73 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.65 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.66 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.76 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Swedbank Pink Sheet
| 0.84 | SSNLF | Samsung Electronics | PairCorr |
| 0.8 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | PTAIF | PT Astra International | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.7 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.7 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.69 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.67 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.53 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.36 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Swedbank Pink Sheet performing well and Swedbank 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 Swedbank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 444859BR2 | 1.36 | (0.01) | 0.00 | 0.16 | 0.00 | 5.93 | 16.62 | |||
| SCRYY | 2.06 | 0.26 | 0.07 | 1.64 | 2.00 | 5.61 | 12.99 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LBHIX | 0.12 | 0.01 | (0.44) | 0.51 | 0.00 | 0.24 | 0.96 | |||
| MSTSX | 0.49 | (0.03) | (0.12) | 0.08 | 0.50 | 1.21 | 2.80 | |||
| ID | 3.84 | 0.90 | 0.16 | 1.45 | 3.99 | 7.89 | 20.54 | |||
| VIASP | 0.75 | 0.08 | (0.04) | (1.44) | 1.13 | 2.28 | 7.18 | |||
| RRTLX | 0.23 | (0.02) | (0.30) | 0.07 | 0.23 | 0.48 | 1.36 | |||
| KNG | 0.42 | (0.02) | (0.16) | 0.09 | 0.40 | 0.84 | 1.82 | |||
| OSHDF | 39.65 | 20.25 | 0.00 | (19.11) | 0.00 | 0.00 | 1,329 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Swedbank 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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Swedbank Corporate Management
| Erik Ljungberg | Head Sustainability | Profile | |
| Jens Henriksson | Pres CEO | Profile | |
| Carina Strand | Head of Group Human Resources | Profile | |
| Tomas Hedberg | Deputy CEO | Profile | |
| Britta HjorthLarsen | Chief Officer | Profile | |
| Gith Bengtsson | Head Concepts | Profile | |
| Lotta Loven | acting co-Head of Digital Banking | Profile |