Medicover Correlations

Stocks . Germany . 
Stock . Medicover AB
5M0B Stock  EUR 17.82  0.30  1.66%   
The current 90-days correlation between Medicover AB and CLOVER HEALTH INV is -0.02 (i.e., Good diversification). The correlation of Medicover 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.

Medicover Correlation With Market

Significant diversification

The correlation between Medicover AB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medicover AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Medicover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medicover 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 Medicover - 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 Medicover AB to buy it.

Moving together with Medicover Stock

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Moving against Medicover Stock

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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   
CLH
+ 0.87
7QD
BZ7A
+ 0.52
93M1
M3V
+ 0.48
CLH
WY8
+ 0.41
PB8
PB8
+ 0.35
7QD
M3V
+ 0.3
7QD
  
High negative correlations   
0JZ
- 0.51
CLH
0JZ
- 0.49
7QD
WY8
- 0.48
BZ7A
BZ7A
- 0.44
M3V
93M1
- 0.33
0JZ
BZ7A
- 0.26
7QD

Risk-Adjusted Indicators

There is a big difference between Medicover Stock performing well and Medicover 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 Medicover'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Medicover 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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Medicover Corporate Management

Elected by the shareholders, the Medicover's board of directors comprises two types of representatives: Medicover inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Medicover. The board's role is to monitor Medicover's management team and ensure that shareholders' interests are well served. Medicover'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, Medicover's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hanna BjellquistHead RelationsProfile
Jaroslaw UrbanczykChief OfficerProfile
Fredrik RgmarkCEO DirectorProfile
Joe RyanChief OfficerProfile
Staffan TernstromChief ServicesProfile
Jenny BrandtGeneral Legal CounselProfile
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