Roblon AS Correlations

Stocks Denmark . 
Stock . Roblon AS
RBLN-B Stock  DKK 95.00  2.00  2.06%   
The current 90-days correlation between Roblon AS and RTX AS is 0.28 (i.e., Modest diversification). The correlation of Roblon AS 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.

Roblon AS Correlation With Market

Significant diversification

The correlation between Roblon AS and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roblon AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Roblon AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roblon AS 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 Roblon AS - 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 Roblon AS to buy it.

Moving against Roblon Stock

  0.56BIF Broendbyernes IF FodboldPairCorr
  0.53NLFSK Nilfisk Holding ASPairCorr
  0.5DNORD DampskibsselskabetPairCorr
  0.47SKAKO SKAKO ASPairCorr

Related Correlations Analysis

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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   
SCHO
+ 0.84
RTX
DFDS
+ 0.8
RTX
SCHO
+ 0.68
DFDS
PAAL-B
+ 0.66
MATAS
  
High negative correlations   
PAAL-B
- 0.9
RTX
PAAL-B
- 0.77
SCHO
MATAS
- 0.7
RTX
PAAL-B
- 0.67
DFDS
DFDS
- 0.53
MATAS
SCHO
- 0.36
MATAS

Risk-Adjusted Indicators

There is a big difference between Roblon Stock performing well and Roblon AS 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 Roblon AS'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roblon AS 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.

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