Scandinavian Tobacco Correlations
| SNDVF Stock | USD 13.79 0.00 0.00% |
The current 90-days correlation between Scandinavian Tobacco and Charlies Holdings is 0.1 (i.e., Average diversification). The correlation of Scandinavian Tobacco 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.
Scandinavian Tobacco Correlation With Market
Good diversification
The correlation between Scandinavian Tobacco Group and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scandinavian Tobacco Group and DJI in the same portfolio, assuming nothing else is changed.
Scandinavian |
The ability to find closely correlated positions to Scandinavian Tobacco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandinavian Tobacco 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 Scandinavian Tobacco - 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 Scandinavian Tobacco Group to buy it.
Moving together with Scandinavian Pink Sheet
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| 0.91 | BKRKY | Bank Rakyat | PairCorr |
| 0.82 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.7 | PTAIY | Astra International Tbk | PairCorr |
| 0.83 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.89 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.87 | PBCRY | Bank Central Asia Earnings Call This Week | PairCorr |
| 0.65 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.76 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.9 | JNJ | Johnson Johnson Earnings Call Tomorrow | PairCorr |
Moving against Scandinavian Pink Sheet
| 0.83 | BTI | British American Tobacco | PairCorr |
| 0.82 | IMBBY | Imperial Brands PLC | PairCorr |
| 0.8 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.75 | OPFI | OppFi Inc | PairCorr |
| 0.74 | BTAFF | British American Tobacco | PairCorr |
| 0.66 | IMBBF | Imperial Brands PLC | PairCorr |
| 0.55 | MO | Altria Group | PairCorr |
| 0.87 | DIS | Walt Disney | PairCorr |
| 0.85 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.77 | JPM | JPMorgan Chase | PairCorr |
| 0.73 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.67 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.61 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.46 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.07 | 0.18 | -0.16 | 0.27 | CHUC | ||
| 0.07 | 0.28 | 0.12 | 0.63 | HUMBF | ||
| 0.18 | 0.28 | 0.17 | 0.3 | PYYX | ||
| -0.16 | 0.12 | 0.17 | 0.48 | JAPAY | ||
| 0.27 | 0.63 | 0.3 | 0.48 | GNLN | ||
| 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 Scandinavian Pink Sheet performing well and Scandinavian Tobacco 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 Scandinavian Tobacco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHUC | 4.08 | 0.02 | 0.00 | 0.06 | 4.92 | 8.21 | 22.94 | |||
| HUMBF | 6.97 | 1.50 | 0.05 | (0.31) | 8.38 | 0.00 | 200.00 | |||
| PYYX | 5.88 | 0.28 | 0.03 | 0.10 | 7.70 | 18.48 | 70.66 | |||
| JAPAY | 0.81 | (0.24) | 0.00 | (4.65) | 0.00 | 1.93 | 6.83 | |||
| GNLN | 5.78 | (0.91) | 0.00 | 3.41 | 0.00 | 7.28 | 109.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Scandinavian Tobacco 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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Scandinavian Tobacco Corporate Management
| Torben Sand | Head of Investor Relations | Profile | |
| Christian Srensen | Ex Marketing | Profile | |
| Simon Augustesen | Director Communications | Profile | |
| Lars Wassberg | VP Marketing | Profile | |
| Dorte Morell | Sr AS | Profile |