SIVERS SEMICONDUCTORS Correlations
| 2DG Stock | EUR 0.36 0.01 2.86% |
The current 90-days correlation between SIVERS SEMICONDUCTORS and Highlight Communications AG is 0.08 (i.e., Significant diversification). The correlation of SIVERS SEMICONDUCTORS 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.
SIVERS SEMICONDUCTORS Correlation With Market
Good diversification
The correlation between SIVERS SEMICONDUCTORS AB and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIVERS SEMICONDUCTORS AB and DJI in the same portfolio, assuming nothing else is changed.
SIVERS |
The ability to find closely correlated positions to SIVERS SEMICONDUCTORS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIVERS SEMICONDUCTORS 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 SIVERS SEMICONDUCTORS - 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 SIVERS SEMICONDUCTORS AB to buy it.
Moving together with SIVERS Stock
| 0.62 | 3KF | Auxly Cannabis Group | PairCorr |
| 0.79 | 5TP | BLUE LABEL | PairCorr |
| 0.66 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.61 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against SIVERS Stock
| 0.77 | AMD | Advanced Micro Devices | PairCorr |
| 0.77 | AMD | Advanced Micro Devices | PairCorr |
| 0.76 | 1YD | Broadcom | PairCorr |
| 0.71 | TSFA | Taiwan Semiconductor | PairCorr |
| 0.62 | NVD | NVIDIA | PairCorr |
| 0.59 | QCI | QUALCOMM Incorporated | PairCorr |
| 0.59 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.57 | NVD | NVIDIA | PairCorr |
| 0.35 | 47M | MedMira Earnings Call This Week | 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 SIVERS Stock performing well and SIVERS SEMICONDUCTORS 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 SIVERS SEMICONDUCTORS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 472 | 1.52 | 0.06 | 0.03 | 0.62 | 2.00 | 2.93 | 12.67 | |||
| HLG | 2.77 | 0.20 | 0.04 | (0.18) | 3.84 | 8.82 | 42.74 | |||
| BAC | 1.09 | 0.08 | 0.03 | (0.77) | 2.00 | 2.61 | 13.81 | |||
| GRU | 2.33 | 0.17 | 0.05 | 0.40 | 3.23 | 5.94 | 18.68 | |||
| ISHA | 2.09 | 0.15 | 0.04 | 0.59 | 2.84 | 4.17 | 27.37 | |||
| COA1 | 2.10 | 0.86 | 0.00 | (0.92) | 0.00 | 11.11 | 22.53 | |||
| CK3 | 2.50 | (0.65) | 0.00 | (2.68) | 0.00 | 4.72 | 28.09 | |||
| COA1 | 2.67 | 0.81 | 0.12 | (5.51) | 2.06 | 11.76 | 22.22 |
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SIVERS SEMICONDUCTORS Corporate Management
Elected by the shareholders, the SIVERS SEMICONDUCTORS's board of directors comprises two types of representatives: SIVERS SEMICONDUCTORS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SIVERS. The board's role is to monitor SIVERS SEMICONDUCTORS's management team and ensure that shareholders' interests are well served. SIVERS SEMICONDUCTORS'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, SIVERS SEMICONDUCTORS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erik Fallstrom | Director | Profile | |
| Patric Erlandsson | Vice President Sales & Marketing | Profile | |
| Dag Sigurd | Independent Director | Profile | |
| Tomas Duffy | Independent Chairman of the Board | Profile | |
| Sven Pettersson | Vice President Research & Development | Profile | |
| Robert Green | Independent Director | Profile |