VIAPLAY GROUP Correlations
| NEB Stock | EUR 0.03 0.0001 0.32% |
The current 90-days correlation between VIAPLAY GROUP AB and CANADIAN NORTH RESOURCES is -0.23 (i.e., Very good diversification). The correlation of VIAPLAY GROUP 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.
VIAPLAY GROUP Correlation With Market
Good diversification
The correlation between VIAPLAY GROUP AB and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VIAPLAY GROUP AB and DJI in the same portfolio, assuming nothing else is changed.
VIAPLAY |
The ability to find closely correlated positions to VIAPLAY GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VIAPLAY GROUP 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 VIAPLAY GROUP - 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 VIAPLAY GROUP AB to buy it.
Moving against VIAPLAY Stock
| 0.62 | NFC | Netflix | PairCorr |
| 0.57 | EVD | CTS Eventim AG Earnings Call This Week | PairCorr |
| 0.55 | WA4 | Warner Music Group | PairCorr |
| 0.54 | FHL | Federal Home Loan | PairCorr |
| 0.53 | VVU | Vivendi SE | PairCorr |
| 0.42 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.33 | SUMB | SUMITOMO P SP | PairCorr |
| 0.66 | E908 | Lyxor 1 | PairCorr |
| 0.6 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.6 | ROM | Rohm Co | PairCorr |
| 0.6 | TLLB | Trelleborg AB | PairCorr |
| 0.56 | MRG | Outcrop Silver Gold | PairCorr |
| 0.55 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.53 | W8V | Bank of China Earnings Call This Week | PairCorr |
| 0.52 | HUKI | HUHTAMAKI | PairCorr |
| 0.49 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.36 | 5TP | BLUE LABEL | 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 VIAPLAY Stock performing well and VIAPLAY GROUP 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 VIAPLAY GROUP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WDP | 1.09 | (0.21) | 0.00 | (0.41) | 0.00 | 2.00 | 7.90 | |||
| WDP | 1.08 | (0.23) | 0.00 | (1.26) | 0.00 | 2.25 | 8.04 | |||
| NFC | 1.60 | 0.11 | 0.04 | 0.03 | 2.41 | 3.12 | 18.50 | |||
| CQD | 1.23 | (0.09) | 0.00 | (0.40) | 0.00 | 2.36 | 9.26 | |||
| WA4 | 1.36 | (0.05) | 0.00 | (0.43) | 0.00 | 3.57 | 10.49 | |||
| 0VVB | 1.44 | 0.03 | 0.05 | 0.18 | 1.72 | 3.45 | 9.63 | |||
| 0VV | 0.69 | (0.05) | 0.00 | (0.21) | 0.00 | 1.22 | 6.00 | |||
| VVU | 2.93 | 0.41 | 0.06 | 0.21 | 5.41 | 4.23 | 45.60 | |||
| EVD | 1.03 | 0.29 | 0.28 | 4.35 | 0.85 | 3.29 | 8.33 | |||
| EO0 | 1.62 | 0.01 | 0.00 | (0.06) | 0.00 | 4.69 | 15.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in VIAPLAY GROUP 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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VIAPLAY GROUP Corporate Management
Elected by the shareholders, the VIAPLAY GROUP's board of directors comprises two types of representatives: VIAPLAY GROUP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VIAPLAY. The board's role is to monitor VIAPLAY GROUP's management team and ensure that shareholders' interests are well served. VIAPLAY GROUP'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, VIAPLAY GROUP's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kaj Kleen | Executive Vice President & Chief Technology & Product Officer | Profile | |
| My Perrone | Senior Vice President General Counsel, Secretary | Profile | |
| Kim Poder | Executive Vice President & Chief Commercial Officer | Profile | |
| Anders Borg | Non-Executive Independent Director | Profile | |
| Morten Mogensen | Senior Vice President & Head NENT Studios Nordics and CEE | Profile |