| STG Stock | | | DKK 95.00 1.40 1.45% |
The current 90-days correlation between Scandinavian Tobacco and Matas AS is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scandinavian Tobacco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandinavian Tobacco Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Scandinavian Tobacco Correlation With Market
Significant diversification
The correlation between Scandinavian Tobacco Group and DJI is 0.06 (i.e., Significant 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.
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 Stock
Moving against Scandinavian Stock
Related Correlations Analysis
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 | ALMB | | TRYG | | ALMB | | MATAS | | TRYG | | MATAS |
| | High negative correlations | RBREW | | TRYG | | RBREW | | ALMB | | RBREW | | MATAS |
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Risk-Adjusted IndicatorsThere is a big difference between Scandinavian Stock 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.
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.
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Scandinavian Tobacco Corporate Management
Elected by the shareholders, the Scandinavian Tobacco's board of directors comprises two types of representatives: Scandinavian Tobacco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Scandinavian. The board's role is to monitor Scandinavian Tobacco's management team and ensure that shareholders' interests are well served. Scandinavian Tobacco'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, Scandinavian Tobacco's outside directors are responsible for providing unbiased perspectives on the board's policies.