Candles Scandinavia Correlations
| CANDLE-B | 31.00 2.60 9.15% |
The current 90-days correlation between Candles Scandinavia and Beauty Health Co is -0.14 (i.e., Good diversification). The correlation of Candles Scandinavia 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.
Candles Scandinavia Correlation With Market
Very good diversification
The correlation between Candles Scandinavia AB and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Candles Scandinavia AB and DJI in the same portfolio, assuming nothing else is changed.
Candles |
The ability to find closely correlated positions to Candles Scandinavia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Candles Scandinavia 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 Candles Scandinavia - 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 Candles Scandinavia AB to buy it.
Moving together with Candles Stock
| 0.79 | ZZ-B | Zinzino AB Series | PairCorr |
| 0.78 | TOL | Toleranzia AB | PairCorr |
| 0.61 | EQT | EQT AB | PairCorr |
| 0.77 | EXPRS2 | ExpreS2ion Biotech | PairCorr |
| 0.74 | EOLU-B | Eolus Vind AB | PairCorr |
| 0.88 | SINT | SinterCast AB | PairCorr |
| 0.77 | SHOT | Scandic Hotels Group | PairCorr |
| 0.78 | IMMU | Mendus AB | PairCorr |
| 0.74 | QLINEA | Q linea AB Split | PairCorr |
| 0.77 | BINV | BioInvent International | PairCorr |
| 0.82 | SVED-B | Svedbergs i Dalstorp | PairCorr |
Moving against Candles Stock
| 0.91 | LCLEAN | Lifeclean International | PairCorr |
| 0.89 | NIO | Nordic Iron Ore | PairCorr |
| 0.76 | ESSITY-B | Essity AB | PairCorr |
| 0.75 | ESSITY-A | Essity AB | PairCorr |
| 0.64 | IRLAB-A | IRLAB Therapeutics | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Candles Stock performing well and Candles Scandinavia 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 Candles Scandinavia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKIN | 6.00 | 0.77 | 0.17 | 0.39 | 5.12 | 16.89 | 67.28 | |||
| UL | 0.74 | (0.07) | 0.00 | (0.54) | 0.00 | 1.76 | 5.16 | |||
| ELF | 2.74 | 1.00 | 0.39 | 0.72 | 2.01 | 9.28 | 30.14 | |||
| HIMS | 5.00 | 0.84 | 0.12 | 0.77 | 6.66 | 12.89 | 57.66 | |||
| LYKO-A | 1.92 | 0.39 | 0.14 | 12.62 | 1.58 | 4.07 | 10.61 | |||
| DURC-B | 1.14 | 0.08 | (0.01) | 0.37 | 1.23 | 2.76 | 9.10 | |||
| BMAX | 1.68 | 0.38 | 0.10 | (1.80) | 1.61 | 4.53 | 10.51 | |||
| BOAT | 2.01 | (0.06) | 0.00 | 2.70 | 0.00 | 4.79 | 12.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Candles Scandinavia 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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Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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Candles Scandinavia Corporate Management
Elected by the shareholders, the Candles Scandinavia's board of directors comprises two types of representatives: Candles Scandinavia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Candles. The board's role is to monitor Candles Scandinavia's management team and ensure that shareholders' interests are well served. Candles Scandinavia'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, Candles Scandinavia's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christian Borell | COO VP | Profile | |
| Nina Garmiani | Founder Member | Profile | |
| Martin Fredell | Chief Officer | Profile | |
| Viktor Garmiani | CEO, Founder | Profile | |
| Cenk Yavas | Head Sales | Profile |