Pierce Group Correlations
| PIERCE Stock | SEK 9.22 0.08 0.86% |
The current 90-days correlation between Pierce Group AB and Rugvista Group AB is -0.14 (i.e., Good diversification). The correlation of Pierce 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.
Pierce Group Correlation With Market
Significant diversification
The correlation between Pierce Group AB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pierce Group AB and DJI in the same portfolio, assuming nothing else is changed.
Pierce |
The ability to find closely correlated positions to Pierce 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 Pierce 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 Pierce 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 Pierce Group AB to buy it.
Moving together with Pierce Stock
| 0.7 | BHG | BHG Group AB | PairCorr |
| 0.64 | BBROOM | New Bubbleroom Sweden | PairCorr |
| 0.76 | SHOT | Scandic Hotels Group | PairCorr |
| 0.61 | ENRO | Eniro AB | PairCorr |
| 0.73 | ZZ-B | Zinzino AB Series | PairCorr |
| 0.7 | AZN | AstraZeneca PLC | PairCorr |
| 0.68 | STIL | Stille AB | PairCorr |
Moving against Pierce Stock
| 0.59 | TERRNT-B | Terranet AB | PairCorr |
| 0.58 | GREEN | Green Landscaping | PairCorr |
| 0.43 | MOMENT | Moment Group AB | PairCorr |
| 0.4 | DSNO | Desenio Group AB | PairCorr |
| 0.39 | POLY | PolyPlank publ AB | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Pierce Stock performing well and Pierce 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 Pierce 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RUG | 1.50 | 0.17 | 0.10 | 0.62 | 1.49 | 3.66 | 9.20 | |||
| KAR | 1.15 | 0.23 | 0.15 | 5.72 | 1.24 | 2.34 | 11.73 | |||
| NWG | 1.14 | 0.07 | 0.03 | (0.89) | 1.42 | 3.96 | 9.11 | |||
| BHG | 2.48 | 0.59 | 0.20 | 0.63 | 2.32 | 4.17 | 26.97 | |||
| LIME | 2.02 | 0.15 | 0.06 | (1.20) | 2.20 | 4.11 | 15.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pierce 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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Pierce Group Corporate Management
Elected by the shareholders, the Pierce Group's board of directors comprises two types of representatives: Pierce Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pierce. The board's role is to monitor Pierce Group's management team and ensure that shareholders' interests are well served. Pierce 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, Pierce Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrik Zadig | Chief Officer | Profile | |
| Willem Vos | Chief Officer | Profile | |
| Fredrik Idestrom | Strategy Officer | Profile | |
| Ullrika Eliasson | Chief Officer | Profile | |
| Nikolaj Gejsing | Sales Director | Profile | |
| Nicolas Norlin | Head Legal | Profile | |
| Niclas Olsson | Head CFO | Profile |