AAK AB Correlations

Stocks . Sweden . 
Stock . AAK AB
AAK Stock  SEK 277.60  5.00  1.77%   
The current 90-days correlation between AAK AB and Axfood AB is 0.18 (i.e., Average diversification). The correlation of AAK 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AAK AB Correlation With Market

Significant diversification

The correlation between AAK AB and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAK AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AAK 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 AAK 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 AAK 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 AAK AB to buy it.

Moving together with AAK Stock

  0.77CIRCHE CirChem ABPairCorr
  0.77RO Rolling Optics HoldingPairCorr
  0.75LOGI-A Logistea APairCorr
  0.77LOGI-B Logistea AB SeriesPairCorr
  0.65AERO Svenska Aerogel HoldingPairCorr

Moving against AAK Stock

  0.77CLAV Clavister HoldingPairCorr
  0.76LEMSE Leading Edge Materials Earnings Call TomorrowPairCorr
  0.66SDIP-PREF Sdiptech ABPairCorr
  0.55ALIG Alimak Hek GroupPairCorr
  0.53SVED-B Svedbergs i DalstorpPairCorr
  0.52SALT-B SaltX Technology HoldingPairCorr
  0.5MTG-B Modern Times GroupPairCorr
  0.46VOLV-B AB VolvoPairCorr
  0.46STWK Stockwik ForvaltningPairCorr
  0.45NORVA Norva24 Group ABPairCorr
  0.36INDU-C Industrivarden AB serPairCorr
  0.34INDU-A Industrivarden AB serPairCorr
  0.33BILL BillerudKorsnas ABPairCorr
  0.32DUNI Duni ABPairCorr
  0.77WPAY West InternationalPairCorr
  0.76HIFA-B Hifab Group ABPairCorr
  0.73CDMIL CodeMill ABPairCorr
  0.69ALPCOT-B Alpcot Holding ABPairCorr
  0.66CARE Careium ABPairCorr
  0.64ACCON Acconeer ABPairCorr
  0.64SEB-C Skandinaviska EnskildaPairCorr
  0.62CAT-B Catella ABPairCorr
  0.6VOLAB Veg of LundPairCorr
  0.59ITECH I TechPairCorr
  0.58BEIA-B Beijer Alma ABPairCorr

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   
TREL-B
+ 0.93
INDT
HPOL-B
+ 0.37
ESSITY-B
TREL-B
+ 0.09
AXFO
HPOL-B
+ 0.07
TREL-B
INDT
+ 0.02
AXFO
  
High negative correlations   
ESSITY-B
- 0.47
INDT
TREL-B
- 0.36
ESSITY-B
HPOL-B
- 0.08
AXFO
ESSITY-B
- 0.06
AXFO
HPOL-B
- 0.03
INDT

Risk-Adjusted Indicators

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

Elected by the shareholders, the AAK AB's board of directors comprises two types of representatives: AAK AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AAK. The board's role is to monitor AAK AB's management team and ensure that shareholders' interests are well served. AAK 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, AAK AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
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