Svenska Cellulosa Correlations

SCA1 Stock

EUR 12.38 0.44 3.43%

The current 90-days correlation between Svenska Cellulosa and Singapore Telecommunications Limited is 0.13 (i.e., Average diversification). The correlation of Svenska Cellulosa 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.

Svenska Cellulosa Correlation With Market

Very good diversification

The correlation between Svenska Cellulosa Aktiebolaget and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Svenska Cellulosa Aktiebolaget and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Svenska Cellulosa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Svenska Cellulosa 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 Svenska Cellulosa - 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 Svenska Cellulosa Aktiebolaget to buy it.

Moving together with Svenska Stock

0.96	SCA	Svenska Cellulosa	Pair Corr
0.96	SCA	SVENSKA CELLULO B	Pair Corr
0.75	AS4	Corticeira Amorim SGPS	Pair Corr
0.86	ECHA	Ecopetrol SA	Pair Corr
0.87	ECHA	Ecopetrol SA	Pair Corr
0.89	6GAA	Grupo Aval Acciones	Pair Corr
0.89	6GAA	Grupo Aval Acciones	Pair Corr
0.66	MFZA	Mitsubishi UFJ Financial	Pair Corr
0.64	BSN	Danone SA	Pair Corr
0.73	KONN	Komercn banka as	Pair Corr
0.88	VOL3	VOLVO -A-	Pair Corr
0.65	BRH	Berkshire Hathaway	Pair Corr
0.7	BY6A	BYD Limited	Pair Corr
0.79	HUKI	HUHTAMAKI	Pair Corr
0.87	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.65	B4B3	Metro AG	Pair Corr
0.7	MRG	Outcrop Silver Gold	Pair Corr
0.78	NMM	Newmont	Pair Corr
0.61	RUZ	Universal Entertainment	Pair Corr
0.76	GIS	General Mills	Pair Corr
0.67	PEH	PEH WERTPAPIER	Pair Corr
0.67	5TP	BLUE LABEL	Pair Corr

Moving against Svenska Stock

0.51	WFC	West Fraser Timber	Pair Corr
0.41	BC0	Boise Cascade	Pair Corr
0.41	NKC	Canfor	Pair Corr
0.36	UF3	UFP Industries	Pair Corr
0.35	RA6	Rayonier	Pair Corr
0.34	KBIA	KB Financial Group	Pair Corr
0.32	T9V	TASTY PLC LS	Pair Corr
0.82	DBPD	Xtrackers ShortDAX	Pair Corr
0.44	TTO	TTL Beteiligungs und	Pair Corr

Related Correlations Analysis

	ISHA	BW8	SMA	B7O	CI1A	SIT4
ISHA		0.41	0.63	0.59	0.72	0.74	ISHA
BW8	0.41		0.56	0.37	0.54	0.4	BW8
SMA	0.63	0.56		0.71	0.56	0.56	SMA
B7O	0.59	0.37	0.71		0.48	0.51	B7O
CI1A	0.72	0.54	0.56	0.48		0.69	CI1A
SIT4	0.74	0.4	0.56	0.51	0.69		SIT4
	ISHA	BW8	SMA	B7O	CI1A	SIT4

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Risk-Adjusted Indicators

There is a big difference between Svenska Stock performing well and Svenska Cellulosa 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 Svenska Cellulosa'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
ISHA	2.18	0.20	0.07	(0.25)	2.87	(2.81)	4.90	(4.37)	27.37
BW8	1.43	0.03	0.01	0.09	2.18	(2.17)	3.70	(4.63)	14.41
SMA	0.87	0.04	0.03	0.18	1.07	(2.25)	2.13	(2.08)	8.18
B7O	1.35	0.03	0.01	0.80	2.00	(5.00)	3.85	(3.70)	14.84
CI1A	1.42	0.26	0.13	(3.65)	1.71	(1.79)	3.00	(2.89)	13.49
SIT4	1.22	0.08	0.07	(0.50)	1.59	(1.28)	2.28	(2.17)	7.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in Svenska Cellulosa 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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Svenska Cellulosa Corporate Management

Elected by the shareholders, the Svenska Cellulosa's board of directors comprises two types of representatives: Svenska Cellulosa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Svenska. The board's role is to monitor Svenska Cellulosa's management team and ensure that shareholders' interests are well served. Svenska Cellulosa'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, Svenska Cellulosa's outside directors are responsible for providing unbiased perspectives on the board's policies.

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