Enea AB Correlations
| ENEA Stock | SEK 85.30 1.30 1.50% |
The current 90-days correlation between Enea AB and Proact IT Group is 0.11 (i.e., Average diversification). The correlation of Enea 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.
Enea AB Correlation With Market
Significant diversification
The correlation between Enea AB and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enea AB and DJI in the same portfolio, assuming nothing else is changed.
Enea |
The ability to find closely correlated positions to Enea 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 Enea 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 Enea 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 Enea AB to buy it.
Moving together with Enea Stock
| 0.69 | CIRCHE | CirChem AB | PairCorr |
| 0.86 | RO | Rolling Optics Holding | PairCorr |
| 0.65 | LOGI-A | Logistea A | PairCorr |
| 0.72 | LOGI-B | Logistea AB Series | PairCorr |
| 0.71 | AERO | Svenska Aerogel Holding | PairCorr |
Moving against Enea Stock
| 0.81 | CARE | Careium AB | PairCorr |
| 0.79 | CLAV | Clavister Holding | PairCorr |
| 0.77 | SVED-B | Svedbergs i Dalstorp | PairCorr |
| 0.75 | BEIA-B | Beijer Alma AB | PairCorr |
| 0.71 | MTG-A | Modern Times Group | PairCorr |
| 0.7 | SDIP-PREF | Sdiptech AB | PairCorr |
| 0.69 | SHOT | Scandic Hotels Group | PairCorr |
| 0.68 | STWK | Stockwik Forvaltning | PairCorr |
| 0.68 | ALIG | Alimak Hek Group | PairCorr |
| 0.66 | VOLV-B | AB Volvo | PairCorr |
| 0.66 | DUNI | Duni AB | PairCorr |
| 0.65 | NIO | Nordic Iron Ore | PairCorr |
| 0.61 | HOLM-B | Holmen AB | PairCorr |
| 0.59 | BILL | BillerudKorsnas AB | PairCorr |
| 0.58 | SALT-B | SaltX Technology Holding | PairCorr |
| 0.57 | INDU-A | Industrivarden AB ser | PairCorr |
| 0.57 | LIPUM | Lipum AB | PairCorr |
| 0.56 | RATO-A | Ratos AB | PairCorr |
| 0.4 | CAMX | Camurus AB | PairCorr |
| 0.39 | EPI-A | Epiroc AB | PairCorr |
| 0.33 | CLBIO | Corline Biomedical | PairCorr |
| 0.86 | HIFA-B | Hifab Group AB | PairCorr |
| 0.84 | WPAY | West International | PairCorr |
| 0.82 | ITECH | I Tech | PairCorr |
| 0.82 | ALPCOT-B | Alpcot Holding AB | PairCorr |
| 0.78 | LEMSE | Leading Edge Materials Earnings Call Tomorrow | PairCorr |
| 0.76 | TEL2-A | Tele2 AB | PairCorr |
| 0.76 | EPEN | Ependion AB | PairCorr |
| 0.72 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.72 | CDMIL | CodeMill AB | PairCorr |
| 0.72 | CAT-B | Catella AB | PairCorr |
| 0.71 | MTG-B | Modern Times Group | PairCorr |
Related Correlations Analysis
| -0.02 | -0.63 | 0.35 | -0.79 | KNOW | ||
| -0.02 | -0.11 | 0.49 | -0.02 | PACT | ||
| -0.63 | -0.11 | -0.54 | 0.87 | HTRO | ||
| 0.35 | 0.49 | -0.54 | -0.57 | INWI | ||
| -0.79 | -0.02 | 0.87 | -0.57 | CEVI | ||
| 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 Enea Stock performing well and Enea 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 Enea 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KNOW | 1.42 | 0.22 | 0.15 | 0.49 | 1.75 | 3.12 | 9.23 | |||
| PACT | 1.47 | (0.07) | 0.00 | (0.28) | 0.00 | 2.31 | 17.97 | |||
| HTRO | 2.36 | (0.24) | 0.00 | (0.33) | 0.00 | 5.54 | 21.88 | |||
| INWI | 1.21 | 0.20 | 0.14 | 0.41 | 1.50 | 3.12 | 7.78 | |||
| CEVI | 1.84 | (0.30) | 0.00 | (0.64) | 0.00 | 3.29 | 13.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enea 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?
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Enea AB Corporate Management
Elected by the shareholders, the Enea AB's board of directors comprises two types of representatives: Enea AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enea. The board's role is to monitor Enea AB's management team and ensure that shareholders' interests are well served. Enea 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, Enea AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephanie Huf | Chief Officer | Profile | |
| JeanPhilippe Lion | Sr Unit | Profile | |
| Paul Mikkelsen | Sr Unit | Profile | |
| Roland Steiner | Sr Unit | Profile | |
| John Hughes | Sr Unit | Profile |