Desenio Group Correlations
| DSNO Stock | SEK 0.12 0.01 7.69% |
The current 90-days correlation between Desenio Group AB and Rugvista Group AB is -0.05 (i.e., Good diversification). The correlation of Desenio Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Desenio Group Correlation With Market
Good diversification
The correlation between Desenio Group AB 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 Desenio Group AB and DJI in the same portfolio, assuming nothing else is changed.
Desenio |
The ability to find closely correlated positions to Desenio Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desenio Group 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 Desenio Group - 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 Desenio Group AB to buy it.
Moving against Desenio Stock
| 0.82 | RUG | Rugvista Group AB | PairCorr |
| 0.76 | SKF-A | AB SKF | PairCorr |
| 0.74 | ALIV-SDB | Autoliv | PairCorr |
| 0.71 | NTEK-B | Novotek AB | PairCorr |
| 0.65 | SHOT | Scandic Hotels Group | PairCorr |
| 0.62 | ACCON | Acconeer AB | PairCorr |
| 0.57 | ASSA-B | ASSA ABLOY AB | PairCorr |
| 0.54 | IMMU | Mendus AB | PairCorr |
| 0.53 | 8TRA | Traton SE Earnings Call This Week | PairCorr |
| 0.44 | NELLY | Nelly Group AB | PairCorr |
| 0.44 | BIOT | Biotage AB | PairCorr |
| 0.39 | TFBANK | TF Bank AB Split | PairCorr |
| 0.36 | VOLV-A | AB Volvo | PairCorr |
| 0.36 | VOLV-B | AB Volvo | PairCorr |
| 0.36 | VOLVB | Volvo AB Series | PairCorr |
| 0.8 | FG | Fasadgruppen Group | PairCorr |
| 0.77 | ASKER | Asker Healthcare Earnings Call Tomorrow | PairCorr |
| 0.77 | SVED-B | Svedbergs i Dalstorp | PairCorr |
| 0.76 | RATO-B | Ratos AB | PairCorr |
| 0.75 | SINT | SinterCast AB | PairCorr |
| 0.73 | RATO-A | Ratos AB | PairCorr |
| 0.71 | PCAT | Photocat AS | PairCorr |
| 0.7 | LUG | Lundin Gold | PairCorr |
| 0.68 | RESURS | Resurs Holding AB | PairCorr |
| 0.67 | SWED-A | Swedbank AB | PairCorr |
| 0.65 | BINV | BioInvent International | PairCorr |
| 0.62 | UTG | Unlimited Travel | PairCorr |
| 0.62 | QLINEA | Q linea AB Split | PairCorr |
| 0.61 | SDIP-PREF | Sdiptech AB | PairCorr |
| 0.6 | DOXA | Doxa AB | PairCorr |
| 0.57 | ANOD-B | Addnode Group AB | PairCorr |
| 0.34 | EPI-B | Epiroc AB | PairCorr |
Related Correlations Analysis
| 0.46 | 0.14 | 0.33 | -0.6 | RUG | ||
| 0.46 | 0.15 | 0.75 | -0.19 | CINT | ||
| 0.14 | 0.15 | 0.06 | 0.41 | BHG | ||
| 0.33 | 0.75 | 0.06 | -0.12 | LYKO-A | ||
| -0.6 | -0.19 | 0.41 | -0.12 | BOOZT | ||
| 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 Desenio Stock performing well and Desenio Group 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 Desenio Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RUG | 1.93 | 0.65 | 0.27 | (2.72) | 1.27 | 4.37 | 21.09 | |||
| CINT | 2.55 | 0.13 | 0.03 | 0.34 | 2.77 | 6.10 | 24.65 | |||
| BHG | 2.21 | 0.44 | 0.08 | (1.15) | 3.04 | 5.11 | 20.48 | |||
| LYKO-A | 1.93 | 0.38 | 0.14 | 10.74 | 1.58 | 4.07 | 10.61 | |||
| BOOZT | 1.76 | (0.15) | 0.00 | (0.15) | 0.00 | 3.40 | 22.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Desenio Group 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Desenio Group Corporate Management
Elected by the shareholders, the Desenio Group's board of directors comprises two types of representatives: Desenio Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Desenio. The board's role is to monitor Desenio Group's management team and ensure that shareholders' interests are well served. Desenio Group'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, Desenio Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Nee | Chief Officer | Profile | |
| Jimmy Bergstedt | Chief Officer | Profile | |
| Johan Hahnel | Head IR | Profile | |
| Kristian Lustin | Chief Officer | Profile | |
| Cecilia Tunberger | Chief Officer | Profile | |
| Fredrik Palm | Pres CEO | Profile |