Boliden AB Correlations
| BOLIFDelisted Stock | USD 34.65 0.00 0.00% |
The current 90-days correlation between Boliden AB and United Tractors Tbk is 0.01 (i.e., Significant diversification). The correlation of Boliden 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.
Boliden AB Correlation With Market
Average diversification
The correlation between Boliden AB and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boliden AB and DJI in the same portfolio, assuming nothing else is changed.
Boliden |
The ability to find closely correlated positions to Boliden 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 Boliden 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 Boliden 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 Boliden AB to buy it.
Moving together with Boliden Pink Sheet
| 0.62 | BHPLF | BHP Group Limited | PairCorr |
| 0.62 | AAUKF | Anglo American plc | PairCorr |
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.62 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Boliden Pink Sheet
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.5 | KO | Coca Cola Aggressive Push | 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
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Risk-Adjusted Indicators
There is a big difference between Boliden Pink Sheet performing well and Boliden 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 Boliden 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVRTF | 2.53 | (1.48) | 0.00 | (1.01) | 0.00 | 0.00 | 84.29 | |||
| AUMTF | 0.60 | 0.03 | 0.00 | 0.54 | 0.00 | 0.00 | 36.67 | |||
| ADTLF | 1.81 | 0.50 | 0.06 | (1.71) | 1.90 | 5.20 | 25.51 | |||
| BBBMF | 18.16 | 8.53 | 0.00 | (4.47) | 0.00 | 0.00 | 667.47 | |||
| ASMMF | 1.94 | 0.00 | 0.00 | 0.12 | 0.00 | 5.26 | 33.12 | |||
| PUTKY | 1.20 | (0.05) | 0.00 | (0.22) | 0.00 | 2.23 | 10.18 | |||
| ILKAY | 1.23 | (0.18) | 0.00 | 1.34 | 0.00 | 2.02 | 24.85 | |||
| BDNNY | 1.74 | (0.06) | (0.05) | 0.01 | 2.50 | 3.01 | 12.38 | |||
| AAUKF | 1.32 | 0.04 | (0.03) | (0.27) | 1.92 | 3.66 | 20.87 | |||
| GLNCY | 1.52 | (0.20) | 0.00 | (0.15) | 0.00 | 3.22 | 12.80 |
View Boliden AB Related Equities
| Risk & Return | Correlation |
Boliden AB Corporate Management
| Olof Grenmark | Director Relations | Profile | |
| Daniel Peltonen | Pres Smelters | Profile | |
| Gunnar Agmalm | Head Evaluation | Profile | |
| Gran Krdel | Chief Officer | Profile | |
| Hkan Gabrielsson | Chief Officer | Profile | |
| Stefan Romedahl | Pres Mines | Profile | |
| MBA MSc | Pres CEO | Profile |
Still Interested in Boliden AB?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.