Epiroc AB Correlations
| EPOKY Stock | USD 22.24 0.03 0.13% |
The current 90-days correlation between Epiroc AB and Caterpillar is -0.02 (i.e., Good diversification). The correlation of Epiroc 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Epiroc AB Correlation With Market
Average diversification
The correlation between Epiroc AB and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epiroc AB and DJI in the same portfolio, assuming nothing else is changed.
Epiroc |
The ability to find closely correlated positions to Epiroc 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 Epiroc 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 Epiroc 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 Epiroc AB to buy it.
Moving together with Epiroc Pink Sheet
| 0.71 | CAT | Caterpillar | PairCorr |
| 0.89 | DE | Deere Company | PairCorr |
| 0.75 | VOLAF | AB Volvo | PairCorr |
| 0.73 | DTRUY | Daimler Truck Holding | PairCorr |
| 0.69 | DTGHF | Daimler Truck Holding | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
| 0.74 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.86 | GE | GE Aerospace Earnings Call Tomorrow | PairCorr |
| 0.84 | MSFT | Microsoft | PairCorr |
| 0.73 | MMM | 3M Company | PairCorr |
| 0.72 | JPM | JPMorgan Chase | PairCorr |
| 0.85 | DIS | Walt Disney | PairCorr |
| 0.8 | CSCO | Cisco Systems | PairCorr |
| 0.78 | BAC | Bank of America | PairCorr |
Moving against Epiroc Pink Sheet
Related Correlations Analysis
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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 Epiroc Pink Sheet performing well and Epiroc 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 Epiroc 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAT | 1.13 | 0.36 | 0.36 | 0.45 | 0.56 | 2.92 | 7.20 | |||
| AGCO | 1.55 | 0.47 | 0.21 | 7.05 | 1.28 | 4.14 | 14.35 | |||
| CNHI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NKLA | 3.56 | (1.11) | 0.00 | (40.69) | 0.00 | 8.33 | 23.75 | |||
| PCAR | 1.08 | 0.12 | (0.01) | (5.01) | 1.07 | 3.20 | 7.85 |
Epiroc AB Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Epiroc AB pink sheet to make a market-neutral strategy. Peer analysis of Epiroc AB could also be used in its relative valuation, which is a method of valuing Epiroc AB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Epiroc AB Corporate Management
| Helena MSc | Pres CEO | Profile | |
| Hakan MSc | Sr CFO | Profile | |
| Sami Niiranen | Pres Division | Profile | |
| Charlotta Grhs | Sr Counsel | Profile | |
| Nadim Penser | VP Leadership | Profile |