Telefonaktiebolaget Correlations

Stocks . USA . 
Stock . Telefonaktiebolaget LM Ericsson
ERIC Stock  USD 8.44  0.08  0.96%   
The current 90-days correlation between Telefonaktiebolaget and Nokia Corp ADR is 0.71 (i.e., Poor diversification). The correlation of Telefonaktiebolaget 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.

Telefonaktiebolaget Correlation With Market

Poor diversification

The correlation between Telefonaktiebolaget LM Ericsso and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefonaktiebolaget LM Ericsso and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Telefonaktiebolaget Stock performing well and Telefonaktiebolaget 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 Telefonaktiebolaget'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.

Telefonaktiebolaget Corporate Management

EvaBritt AlleniusChief OfficerProfile
Simone EsserHead DivisionProfile
Chris HoughtonHead of Region IndiaProfile
Anthony BartoloChief OfficerProfile
MajBritt ArfertActing Chief Human Resource OfficerProfile
Fredrik JejdlingHead of Region Sub Saharan AfricaProfile
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