Heliospectra Publ Correlations
| HELIO Stock | SEK 0.25 0.01 4.17% |
The current 90-days correlation between Heliospectra publ and Hexatronic Group AB is 0.2 (i.e., Modest diversification). The correlation of Heliospectra Publ 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.
Heliospectra Publ Correlation With Market
Very good diversification
The correlation between Heliospectra publ AB and DJI 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 Heliospectra publ AB and DJI in the same portfolio, assuming nothing else is changed.
Heliospectra |
The ability to find closely correlated positions to Heliospectra Publ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heliospectra Publ 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 Heliospectra Publ - 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 Heliospectra publ AB to buy it.
Moving against Heliospectra Stock
| 0.64 | AQ | AQ Group AB | PairCorr |
| 0.61 | HANZA | Hanza AB Earnings Call Today | PairCorr |
| 0.6 | MYCR | Mycronic publ AB Split | PairCorr |
| 0.54 | LOGI-A | Logistea A | PairCorr |
| 0.52 | LOGI-B | Logistea AB Series | PairCorr |
| 0.49 | UNIBAP | Unibap AB | PairCorr |
| 0.43 | S2M | S2Medical AB | PairCorr |
| 0.42 | ACCON | Acconeer AB | PairCorr |
| 0.41 | RO | Rolling Optics Holding | PairCorr |
| 0.32 | IPCO | International Petroleum | PairCorr |
| 0.67 | ASSA-B | ASSA ABLOY AB | PairCorr |
| 0.65 | SHOT | Scandic Hotels Group | PairCorr |
| 0.59 | SVED-B | Svedbergs i Dalstorp | PairCorr |
| 0.58 | RATO-A | Ratos AB | PairCorr |
| 0.55 | QLINEA | Q linea AB Split | PairCorr |
| 0.55 | PCAT | Photocat AS | PairCorr |
| 0.54 | DOXA | Doxa AB | PairCorr |
| 0.54 | ASKER | Asker Healthcare Earnings Call Today | PairCorr |
| 0.54 | RESURS | Resurs Holding AB | PairCorr |
| 0.51 | FG | Fasadgruppen Group | PairCorr |
| 0.5 | SINT | SinterCast AB | PairCorr |
| 0.47 | EPI-B | Epiroc AB | PairCorr |
| 0.39 | BINV | BioInvent International | PairCorr |
| 0.37 | IMMU | Mendus AB | PairCorr |
| 0.32 | VBG-B | VBG Group AB | PairCorr |
Related Correlations Analysis
| 0.34 | -0.64 | -0.62 | 0.09 | HTRO | ||
| 0.34 | -0.04 | -0.31 | -0.45 | INSTAL | ||
| -0.64 | -0.04 | 0.69 | -0.22 | NOTE | ||
| -0.62 | -0.31 | 0.69 | 0.01 | DOM | ||
| 0.09 | -0.45 | -0.22 | 0.01 | GREEN | ||
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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 Heliospectra Stock performing well and Heliospectra Publ 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 Heliospectra Publ'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTRO | 3.09 | (0.41) | 0.00 | (0.14) | 0.00 | 6.55 | 39.97 | |||
| INSTAL | 2.62 | (0.06) | 0.00 | (0.18) | 0.00 | 5.41 | 27.94 | |||
| NOTE | 1.85 | 0.30 | 0.05 | (0.61) | 2.11 | 3.69 | 16.77 | |||
| DOM | 2.34 | 0.68 | 0.25 | 1.76 | 2.03 | 7.19 | 15.80 | |||
| GREEN | 1.89 | 0.03 | (0.05) | (0.39) | 2.13 | 4.70 | 13.20 |
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Heliospectra Publ Corporate Management
Elected by the shareholders, the Heliospectra Publ's board of directors comprises two types of representatives: Heliospectra Publ inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heliospectra. The board's role is to monitor Heliospectra Publ's management team and ensure that shareholders' interests are well served. Heliospectra Publ'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, Heliospectra Publ's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Annika Westlund | Chief Officer | Profile | |
| Maria Jangsell | Head Fin | Profile | |
| Rebecca Nordin | Chief Relations | Profile | |
| Bonny Heeren | CEO Director | Profile | |
| Nathalie Svedberg | Chief Officer | Profile | |
| Johan Rubensson | Chief Officer | Profile |