TietoEVRY Corp Correlations
| TIETO Stock | 18.55 0.26 1.42% |
The current 90-days correlation between TietoEVRY Corp and Valmet Oyj is 0.67 (i.e., Poor diversification). The correlation of TietoEVRY Corp 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.
TietoEVRY Corp Correlation With Market
Average diversification
The correlation between TietoEVRY Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TietoEVRY Corp and DJI in the same portfolio, assuming nothing else is changed.
TietoEVRY |
The ability to find closely correlated positions to TietoEVRY Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TietoEVRY Corp 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 TietoEVRY Corp - 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 TietoEVRY Corp to buy it.
Moving together with TietoEVRY Stock
| 0.82 | NDA-FI | Nordea Bank Abp | PairCorr |
| 0.87 | STEAV | Stora Enso Oyj | PairCorr |
| 0.87 | STERV | Stora Enso Oyj | PairCorr |
| 0.78 | WRT1V | Wartsila Oyj Abp | PairCorr |
| 0.78 | ICP1V | Incap Oyj | PairCorr |
| 0.68 | FIA1S | Finnair Oyj | PairCorr |
| 0.66 | OKDBV | Oriola KD Oyj | PairCorr |
| 0.86 | UPM | UPM Kymmene Oyj | PairCorr |
Moving against TietoEVRY Stock
Related Correlations Analysis
| 0.25 | 0.51 | 0.73 | 0.36 | SAMPO | ||
| 0.25 | 0.91 | 0.35 | 0.92 | VALMT | ||
| 0.51 | 0.91 | 0.59 | 0.85 | NDA-FI | ||
| 0.73 | 0.35 | 0.59 | 0.4 | FORTUM | ||
| 0.36 | 0.92 | 0.85 | 0.4 | TOKMAN | ||
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Risk-Adjusted Indicators
There is a big difference between TietoEVRY Stock performing well and TietoEVRY Corp 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 TietoEVRY Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAMPO | 0.74 | 0.07 | 0.07 | 0.78 | 0.93 | 1.27 | 5.66 | |||
| VALMT | 1.17 | 0.33 | 0.23 | 2.45 | 1.10 | 2.53 | 7.29 | |||
| NDA-FI | 0.87 | 0.25 | 0.26 | (0.99) | 0.64 | 1.93 | 4.98 | |||
| FORTUM | 1.29 | 0.11 | 0.08 | 0.37 | 1.43 | 2.85 | 7.58 | |||
| TOKMAN | 1.10 | 0.34 | 0.26 | 1.89 | 0.94 | 2.69 | 6.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TietoEVRY Corp 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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TietoEVRY Corp Corporate Management
Elected by the shareholders, the TietoEVRY Corp's board of directors comprises two types of representatives: TietoEVRY Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TietoEVRY. The board's role is to monitor TietoEVRY Corp's management team and ensure that shareholders' interests are well served. TietoEVRY Corp'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, TietoEVRY Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ari MSc | Managing Industry | Profile | |
| Pivi Huuhtanen | Head Relations | Profile | |
| Jussi Tokola | G Counsel | Profile | |
| Tomi Hyrylainen | Chief Officer | Profile | |
| Tanja Lounevirta | Head Communications | Profile | |
| Satu Kiiskinen | Managing Transform | Profile | |
| Malin ForsSkjveland | Head Operations | Profile |