Fractal Gaming Correlations

Stocks . Sweden . 
Stock . Fractal Gaming Group
FRACTL Stock  SEK 44.95  0.85  1.86%   
The current 90-days correlation between Fractal Gaming Group and Thunderful Group AB is -0.08 (i.e., Good diversification). The correlation of Fractal Gaming 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.

Fractal Gaming Correlation With Market

Significant diversification

The correlation between Fractal Gaming Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fractal Gaming Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fractal Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fractal Gaming 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 Fractal Gaming - 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 Fractal Gaming Group to buy it.

Moving together with Fractal Stock

  0.86FREEM Freemelt HoldingPairCorr
  0.82UTG Unlimited TravelPairCorr
  0.92BUFAB Bufab Holding AB SplitPairCorr
  0.83AMBEA Ambea ABPairCorr
  0.79LUG Lundin GoldPairCorr
  0.62RATO-B Ratos ABPairCorr
  0.91SDIP-PREF Sdiptech ABPairCorr
  0.87ANOD-B Addnode Group ABPairCorr
  0.86RESURS Resurs Holding ABPairCorr
  0.83IMMU Mendus ABPairCorr
  0.67ASKER Asker Healthcare Earnings Call TomorrowPairCorr
  0.75PCAT Photocat ASPairCorr
  0.82SINT SinterCast ABPairCorr
  0.89SKF-A AB SKFPairCorr
  0.71BINV BioInvent InternationalPairCorr
  0.93SHOT Scandic Hotels GroupPairCorr
  0.87SVED-B Svedbergs i DalstorpPairCorr
  0.88QLINEA Q linea AB SplitPairCorr
  0.65BOUL Boule DiagnosticsPairCorr
  0.87FG Fasadgruppen GroupPairCorr
  0.95NTEK-B Novotek ABPairCorr

Moving against Fractal Stock

  0.77LIPUM Lipum ABPairCorr
  0.69ARCT Arctic Gold PublPairCorr
  0.59IBT-B Infant BacterialPairCorr
  0.54HEART Real HeartPairCorr
  0.43NAIG-B Nordic Asia InvestmentPairCorr

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   
RUG
+ 0.9
2465
RUG
+ 0.69
EG7
AITX
+ 0.66
ITOX
6166
+ 0.66
AITX
6166
+ 0.61
ITOX
RUG
+ 0.46
CINT
  
High negative correlations   
RUG
- 0.85
AITX
EG7
- 0.84
6166
AITX
- 0.82
2465
RUG
- 0.7
6166
EG7
- 0.64
AITX
CINT
- 0.63
AITX

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fractal Gaming 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.

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Fractal Gaming Corporate Management

Elected by the shareholders, the Fractal Gaming's board of directors comprises two types of representatives: Fractal Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fractal. The board's role is to monitor Fractal Gaming's management team and ensure that shareholders' interests are well served. Fractal Gaming'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, Fractal Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hannes WallinCEO FounderProfile
Karin IngemarsonChief OfficerProfile
Alexander ErnrydVP MarketingProfile
Jonas HolstVP SalesProfile
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