FLSmidth Correlations
| FLS Stock | DKK 350.00 2.40 0.69% |
The correlation of FLSmidth 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FLSmidth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FLSmidth Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between FLSmidth Co and NYA is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FLSmidth Co and NYA in the same portfolio, assuming nothing else is changed.
FLSmidth |
The ability to find closely correlated positions to FLSmidth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FLSmidth 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 FLSmidth - 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 FLSmidth Co to buy it.
Moving together with FLSmidth Stock
| 0.75 | NOVO-B | Novo Nordisk AS Earnings Call Today | PairCorr |
Moving against FLSmidth Stock
| 0.78 | MAERSK-B | AP Mller Earnings Call Today | PairCorr |
| 0.66 | MAERSK-A | AP Mller Earnings Call Today | PairCorr |
| 0.59 | DSV | DSV Panalpina AS | PairCorr |
| 0.48 | VWS | Vestas Wind Systems Earnings Call Today | PairCorr |
| 0.41 | NDA-DK | Nordea Bank Abp | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in FLSmidth 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 Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
FLSmidth Corporate Directors
FLSmidth corporate directors refer to members of a FLSmidth board of directors. The board of directors generally takes responsibility for the FLSmidth's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of FLSmidth's board members must vote for the resolution. The FLSmidth board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Smith | Director | Profile | |
| Caroline Marie | Director | Profile | |
| Martin Ivert | Director | Profile | |
| Jens Koch | Director, Employee Representative | Profile |
Already Invested in FLSmidth Co?
The danger of trading FLSmidth Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FLSmidth is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FLSmidth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FLSmidth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FLSmidth Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for FLSmidth Stock analysis
When running FLSmidth's price analysis, check to measure FLSmidth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FLSmidth is operating at the current time. Most of FLSmidth's value examination focuses on studying past and present price action to predict the probability of FLSmidth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLSmidth's price. Additionally, you may evaluate how the addition of FLSmidth to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Stocks Directory Find actively traded stocks across global markets |