Maven Wireless Correlations
| MAVEN Stock | 9.76 0.16 1.61% |
The current 90-days correlation between Maven Wireless Sweden and Checkin Group AB is 0.07 (i.e., Significant diversification). The correlation of Maven Wireless 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.
Maven Wireless Correlation With Market
Modest diversification
The correlation between Maven Wireless Sweden and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maven Wireless Sweden and DJI in the same portfolio, assuming nothing else is changed.
Maven |
The ability to find closely correlated positions to Maven Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maven Wireless 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 Maven Wireless - 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 Maven Wireless Sweden to buy it.
Moving together with Maven Stock
Moving against Maven Stock
| 0.66 | SEB-C | Skandinaviska Enskilda | PairCorr |
| 0.65 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.64 | SHB-A | Svenska Handelsbanken | PairCorr |
| 0.58 | TELIA | Telia Company | PairCorr |
| 0.55 | SWED-A | Swedbank AB | PairCorr |
| 0.51 | VOLV-A | AB Volvo | PairCorr |
| 0.47 | VOLV-B | AB Volvo | PairCorr |
| 0.44 | TEL2-B | Tele2 AB | PairCorr |
| 0.43 | TEL2-A | Tele2 AB | PairCorr |
| 0.42 | TALK | TalkPool AG | PairCorr |
Related Correlations Analysis
| 0.57 | 0.84 | 0.76 | 0.67 | CHECK | ||
| 0.57 | 0.67 | 0.64 | 0.67 | MIDS | ||
| 0.84 | 0.67 | 0.72 | 0.67 | HTRO | ||
| 0.76 | 0.64 | 0.72 | 0.61 | CINT | ||
| 0.67 | 0.67 | 0.67 | 0.61 | GAPW-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Maven Stock performing well and Maven Wireless 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 Maven Wireless' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHECK | 2.59 | (0.51) | 0.00 | (1.11) | 0.00 | 5.17 | 18.64 | |||
| MIDS | 3.24 | (1.17) | 0.00 | (3.24) | 0.00 | 5.43 | 31.39 | |||
| HTRO | 2.33 | (0.47) | 0.00 | (0.70) | 0.00 | 5.15 | 20.15 | |||
| CINT | 2.91 | (0.82) | 0.00 | (1.17) | 0.00 | 3.60 | 27.66 | |||
| GAPW-B | 2.01 | (0.17) | 0.00 | (0.46) | 0.00 | 4.19 | 13.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Maven Wireless 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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Maven Wireless Corporate Management
Elected by the shareholders, the Maven Wireless' board of directors comprises two types of representatives: Maven Wireless inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Maven. The board's role is to monitor Maven Wireless' management team and ensure that shareholders' interests are well served. Maven Wireless' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Maven Wireless' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Par Tjernstrom | VP Sales | Profile | |
| Jonas Edlund | Cofounder Engineering | Profile | |
| Martin Wetterholm | CIO Cofounder | Profile | |
| Claudia Munoz | Chief Officer | Profile | |
| Mike Lewis | Cofounder CTO | Profile | |
| Fredrik Ekstrom | CoFounder CEO | Profile |