SILEON AB Correlations

Stocks . Germany . 
Stock . SILEON AB ON
7PN1 Stock  EUR 0.35  0.09  34.62%   
The current 90-days correlation between SILEON AB ON and Magnachip Semiconductor is 0.1 (i.e., Average diversification). The correlation of SILEON AB 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.

SILEON AB Correlation With Market

Significant diversification

The correlation between SILEON AB ON 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 SILEON AB ON and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SILEON AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SILEON AB 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 SILEON AB - 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 SILEON AB ON to buy it.

Moving together with SILEON Stock

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Moving against SILEON 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   
ELG
+ 0.94
ELG
ISW
+ 0.59
SMG
LN4
+ 0.51
ELG
LN4
+ 0.51
ELG
NT5
+ 0.39
SMG
NT5
+ 0.34
ISW
  
High negative correlations   
0SV
- 0.48
ISW
LN4
- 0.4
SMG
0SV
- 0.37
ELG
LN4
- 0.35
ISW
ELG
- 0.35
BJI
0SV
- 0.34
ELG

Risk-Adjusted Indicators

There is a big difference between SILEON Stock performing well and SILEON AB 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 SILEON AB'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 SILEON AB 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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SILEON AB Corporate Management

Elected by the shareholders, the SILEON AB's board of directors comprises two types of representatives: SILEON AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SILEON. The board's role is to monitor SILEON AB's management team and ensure that shareholders' interests are well served. SILEON AB'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, SILEON AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jonas RydenBusiness Development ManagerProfile
Katarina StenbergChief Information OfficerProfile
David LarssonDirector of Sales and MarketingProfile
Anders PerssonIndependent Chairman of the BoardProfile
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