Axfood AB Correlations
| AXL1 Stock | EUR 20.43 0.51 2.56% |
The current 90-days correlation between Axfood AB and Sysco is 0.18 (i.e., Average diversification). The correlation of Axfood 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.
Axfood AB Correlation With Market
Significant diversification
The correlation between Axfood AB and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axfood AB and DJI in the same portfolio, assuming nothing else is changed.
Axfood |
The ability to find closely correlated positions to Axfood 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 Axfood 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 Axfood 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 Axfood AB to buy it.
Moving together with Axfood Stock
Moving against Axfood Stock
| 0.79 | P5F | Performance Food | PairCorr |
| 0.79 | SVM | Sovereign Metals | PairCorr |
| 0.73 | UFH | US Foods Holding | PairCorr |
| 0.66 | SYY | Sysco | PairCorr |
| 0.63 | 6BF | PF Bakkafrost | PairCorr |
| 0.6 | JEM | Jernimo Martins SGPS | PairCorr |
| 0.58 | JEM0 | JERONIMO MARTINS UNADR2 | PairCorr |
| 0.9 | BKJ | Brinker International | PairCorr |
| 0.88 | NDA | Aurubis AG | PairCorr |
| 0.86 | GM0N | GLOBUS MEDICAL A | PairCorr |
| 0.84 | 2KD | Kinder Morgan | PairCorr |
| 0.82 | G6G | GrafTech International | PairCorr |
| 0.78 | ONK | ONEOK Inc | PairCorr |
| 0.76 | 3EC | Eaton PLC | PairCorr |
| 0.75 | 51KB | AVITA Medical | PairCorr |
| 0.72 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.68 | MNL | Gruppo Mutuionline SpA | PairCorr |
| 0.66 | WRC | WOLFDEN RES P | PairCorr |
| 0.4 | 1DH | Clarkson PLC | PairCorr |
| 0.87 | BLQA | BlackRock | PairCorr |
| 0.84 | HU3 | Huntington Bancshares | PairCorr |
| 0.81 | MAQ | Marriott International | PairCorr |
| 0.79 | EMR | EMERSON ELECTRIC | PairCorr |
| 0.74 | G8L | GREENLIGHT CAP RE | PairCorr |
| 0.68 | 89W | GRUPO ECOENER EO | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Axfood Stock performing well and Axfood 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 Axfood 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYY | 0.96 | 0.15 | 0.16 | 0.25 | 0.76 | 2.32 | 6.49 | |||
| JEM | 1.51 | 0.13 | 0.06 | (0.43) | 1.61 | 2.54 | 11.35 | |||
| JEM0 | 1.41 | 0.14 | 0.07 | (1.11) | 1.37 | 2.86 | 9.46 | |||
| P5F | 1.11 | 0.23 | 0.16 | 0.19 | 1.06 | 2.44 | 11.73 | |||
| UFH | 1.29 | 0.23 | 0.14 | 0.27 | 1.20 | 2.31 | 10.25 | |||
| AXL1 | 1.36 | (0.23) | 0.00 | (6.72) | 0.00 | 2.77 | 13.07 | |||
| B4B3 | 1.84 | (0.09) | 0.00 | (0.36) | 0.00 | 5.94 | 19.00 | |||
| B4B3 | 1.54 | (0.06) | 0.00 | (0.09) | 0.00 | 3.91 | 20.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Axfood 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.Did you try this?
Run Money Managers Now
Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |
Axfood AB Corporate Management
Elected by the shareholders, the Axfood AB's board of directors comprises two types of representatives: Axfood AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Axfood. The board's role is to monitor Axfood AB's management team and ensure that shareholders' interests are well served. Axfood 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, Axfood AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Caroline Berg | Director | Profile | |
| sa Domeij | Head Sustainability | Profile | |
| Eva Pettersson | President Axfood Snabbgross AB | Profile | |
| Lars Ostberg | Director, Employee Representative | Profile | |
| Christer Aberg | Independent Director | Profile | |
| Stina Andersson | Director | Profile | |
| Sara Westrell | Head of Corporate Communications | Profile |