4C Group Correlations

4C Stock

10.00 0.50 4.76%

The current 90-days correlation between 4C Group AB and KABE Group AB is 0.11 (i.e., Average diversification). The correlation of 4C Group 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.

4C Group Correlation With Market

Very good diversification

The correlation between 4C Group AB and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4C Group AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 4C Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4C Group 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 4C Group - 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 4C Group AB to buy it.

Moving together with 4C Group Stock

0.85	SILEON	Sileon AB Split	Pair Corr
0.92	CYB1	Cyber Security 1	Pair Corr
0.65	AZN	AstraZeneca PLC	Pair Corr
0.64	INVE-A	Investor AB ser	Pair Corr
0.64	ATCO-B	Atlas Copco AB	Pair Corr
0.64	ATCO-A	Atlas Copco AB	Pair Corr

Moving against 4C Group Stock

0.8	SHB-B	Svenska Handelsbanken	Pair Corr
0.79	SHB-A	Svenska Handelsbanken	Pair Corr
0.52	SWED-A	Swedbank AB	Pair Corr
0.33	NDA-SE	Nordea Bank Abp	Pair Corr

Related Correlations Analysis

	SILEON	CYB1	KABE-B	IAR-B	MEKO	CLS-B	ALBERT	LIPUM	AOI	MSON-A
SILEON		0.88	0.35	0.46	-0.04	0.75	0.83	-0.39	-0.61	-0.35	SILEON
CYB1	0.88		0.37	0.39	-0.02	0.68	0.86	-0.3	-0.55	-0.18	CYB1
KABE-B	0.35	0.37		-0.34	0.3	0.42	0.43	-0.11	-0.47	-0.06	KABE-B
IAR-B	0.46	0.39	-0.34		-0.13	0.24	0.3	-0.52	-0.35	-0.22	IAR-B
MEKO	-0.04	-0.02	0.3	-0.13		0.4	-0.21	-0.48	-0.44	0.06	MEKO
CLS-B	0.75	0.68	0.42	0.24	0.4		0.61	-0.38	-0.6	-0.24	CLS-B
ALBERT	0.83	0.86	0.43	0.3	-0.21	0.61		-0.08	-0.38	-0.06	ALBERT
LIPUM	-0.39	-0.3	-0.11	-0.52	-0.48	-0.38	-0.08		0.72	0.22	LIPUM
AOI	-0.61	-0.55	-0.47	-0.35	-0.44	-0.6	-0.38	0.72		0.36	AOI
MSON-A	-0.35	-0.18	-0.06	-0.22	0.06	-0.24	-0.06	0.22	0.36		MSON-A
	SILEON	CYB1	KABE-B	IAR-B	MEKO	CLS-B	ALBERT	LIPUM	AOI	MSON-A

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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

CYB1	+ 0.88	SILEON
ALBERT	+ 0.86	CYB1
ALBERT	+ 0.83	SILEON
CLS-B	+ 0.75	SILEON
AOI	+ 0.72	LIPUM
CLS-B	+ 0.68	CYB1

High negative correlations

AOI	- 0.61	SILEON
AOI	- 0.6	CLS-B
AOI	- 0.55	CYB1
LIPUM	- 0.52	IAR-B
LIPUM	- 0.48	MEKO
AOI	- 0.47	KABE-B

Risk-Adjusted Indicators

There is a big difference between 4C Group Stock performing well and 4C Group 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 4C Group'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
SILEON	4.25	(1.46)	0.00	7.80	0.00	0.00	9.17	(12.83)	33.45
CYB1	3.39	(1.07)	0.00	5.61	0.00	0.00	6.38	(7.81)	21.52
KABE-B	1.23	(0.07)	0.00	0.24	0.00	0.00	2.65	(2.65)	7.76
IAR-B	1.95	(0.40)	0.00	(0.46)	0.00	0.00	2.86	(3.83)	13.23
MEKO	1.23	0.05	0.01	(0.24)	1.57	(1.21)	2.11	(2.70)	8.65
CLS-B	4.17	(0.48)	0.00	1.03	0.00	0.00	8.16	(7.96)	29.83
ALBERT	1.36	(0.48)	0.00	(1.18)	0.00	0.00	2.13	(3.90)	11.14
LIPUM	2.63	0.16	0.04	(2.37)	3.23	(3.16)	6.92	(4.73)	22.42
AOI	1.56	0.08	0.02	(0.11)	1.86	(1.68)	3.64	(3.43)	8.14
MSON-A	0.33	0.01	0.00	0.16	0.00	0.00	2.44	0.00	11.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in 4C Group 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.

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