Nepa AB Correlations
| NEPA Stock | SEK 21.70 1.80 9.05% |
The current 90-days correlation between Nepa AB and MAG Interactive AB is 0.15 (i.e., Average diversification). The correlation of Nepa 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.
Nepa AB Correlation With Market
Average diversification
The correlation between Nepa AB and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nepa AB and DJI in the same portfolio, assuming nothing else is changed.
Nepa |
The ability to find closely correlated positions to Nepa 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 Nepa 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 Nepa 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 Nepa AB to buy it.
Moving against Nepa Stock
| 0.52 | ELAN-B | Elanders AB Earnings Call Next Week | PairCorr |
| 0.46 | REJL-B | Rejlers AB | PairCorr |
| 0.45 | THULE | Thule Group AB | PairCorr |
| 0.39 | EVO | Evolution AB | PairCorr |
Related Correlations Analysis
| -0.3 | -0.61 | -0.76 | -0.48 | MAGI | ||
| -0.3 | 0.8 | 0.71 | 0.15 | KAMBI | ||
| -0.61 | 0.8 | 0.91 | 0.34 | HTRO | ||
| -0.76 | 0.71 | 0.91 | 0.42 | INTEG-B | ||
| -0.48 | 0.15 | 0.34 | 0.42 | AWRD | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Nepa Stock performing well and Nepa 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 Nepa 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAGI | 2.80 | 0.47 | 0.15 | 0.86 | 2.76 | 5.94 | 16.56 | |||
| KAMBI | 1.50 | (0.07) | 0.00 | (0.45) | 0.00 | 3.02 | 16.50 | |||
| HTRO | 2.25 | (0.40) | 0.00 | (2.24) | 0.00 | 5.58 | 20.16 | |||
| INTEG-B | 2.03 | (0.67) | 0.00 | (0.94) | 0.00 | 4.49 | 13.99 | |||
| AWRD | 0.82 | 0.06 | 0.02 | 0.65 | 1.07 | 1.57 | 11.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nepa 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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Nepa AB Corporate Management
Elected by the shareholders, the Nepa AB's board of directors comprises two types of representatives: Nepa AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nepa. The board's role is to monitor Nepa AB's management team and ensure that shareholders' interests are well served. Nepa 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, Nepa AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Wallin | Head Relations | Profile | |
| Lena Landahl | Head HR | Profile | |
| Johnny Caldwell | UK Partner | Profile | |
| Elin Hedman | Head of Human Resources | Profile | |
| AnnChristine Fick | Chief Officer | Profile | |
| Mats Isenberg | Managing Pacific | Profile |