EQT AB Correlations
| 6EQ Stock | EUR 29.78 1.01 3.28% |
The current 90-days correlation between EQT AB and Ameriprise Financial is 0.41 (i.e., Very weak diversification). The correlation of EQT AB 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.
EQT AB Correlation With Market
Good diversification
The correlation between EQT AB and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EQT AB and DJI in the same portfolio, assuming nothing else is changed.
EQT |
The ability to find closely correlated positions to EQT AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EQT AB 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 EQT AB - 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 EQT AB to buy it.
Moving together with EQT Stock
| 0.92 | BBN1 | Blackstone Group Earnings Call This Week | PairCorr |
| 0.7 | BN9 | The Bank | PairCorr |
| 0.74 | A4S | Ameriprise Financial Earnings Call This Week | PairCorr |
| 0.89 | ZYA | State Street | PairCorr |
| 0.86 | TR1 | T Rowe Price | PairCorr |
| 0.78 | 0QN | Ares Management Corp | PairCorr |
| 0.88 | NT4 | Northern Trust Earnings Call This Week | PairCorr |
| 0.66 | 2WGA | WOORI FIN GRP Earnings Call This Week | PairCorr |
| 0.69 | PKX | POSCO Holdings | PairCorr |
| 0.67 | 5EE | MEBUKI FINANCIAL | PairCorr |
| 0.82 | C6TB | CHINA BANK ADR20 | PairCorr |
| 0.71 | ICK | Industrial and Commercial | PairCorr |
| 0.73 | ICKB | INDCOMMBK CHINA ADR20 | PairCorr |
| 0.87 | FA2 | FORWARD AIR P | PairCorr |
| 0.95 | HEI | Heidelberg Materials | PairCorr |
| 0.69 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.73 | E908 | Lyxor 1 | PairCorr |
| 0.67 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against EQT Stock
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between EQT Stock performing well and EQT AB 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 EQT AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| A4S | 1.10 | 0.16 | 0.02 | (13.83) | 1.12 | 2.95 | 8.58 | |||
| 0QN | 1.52 | 0.41 | 0.16 | 3.62 | 1.47 | 2.72 | 10.01 | |||
| 94P | 1.26 | 0.14 | 0.02 | 0.55 | 1.45 | 3.01 | 10.45 | |||
| 2DG | 3.52 | 0.36 | 0.08 | 0.51 | 3.07 | 9.68 | 20.87 | |||
| IUI1 | 1.24 | 0.01 | (0.05) | 0.16 | 1.67 | 2.92 | 9.48 | |||
| 6HW | 0.64 | 0.14 | 0.01 | 3.49 | 0.60 | 2.46 | 5.60 | |||
| CZX | 0.58 | 0.17 | 0.04 | (7.17) | 0.30 | 1.69 | 4.92 | |||
| RS6 | 1.12 | 0.23 | 0.08 | 3.17 | 1.03 | 2.81 | 7.01 | |||
| 3RKU | 1.70 | 0.39 | 0.15 | 0.90 | 1.65 | 4.11 | 11.00 | |||
| VUSA | 0.77 | 0.26 | 0.16 | (2.57) | 0.38 | 2.65 | 6.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EQT AB 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?
Run Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
EQT AB Corporate Management
Elected by the shareholders, the EQT AB's board of directors comprises two types of representatives: EQT AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EQT. The board's role is to monitor EQT AB's management team and ensure that shareholders' interests are well served. EQT AB'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, EQT AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Edith Cooper | Board Member | Profile | |
| Thomas Koch | Deputy Managing Director, Member of the Executive Management | Profile | |
| Gordon Orr | Independent Board Member | Profile | |
| Finn Rausing | Independent Board Member | Profile | |
| Conni Jonsson | Chairman of the Board | Profile | |
| Christian Sinding | CEO, Managing Partner, Member of the Executive Management | Profile |