KABE Group Correlations

KABE-B Stock  SEK 335.00  2.00  0.60%   
The correlation of KABE Group 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 KABE Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KABE Group AB 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.

Good diversification

The correlation between KABE Group AB and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KABE Group AB and NYA in the same portfolio, assuming nothing else is changed.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KABE Group AB. 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.
  
The ability to find closely correlated positions to KABE Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KABE Group 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 KABE Group - 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 KABE Group AB to buy it.

Moving against KABE Stock

  0.6EQT EQT ABPairCorr
  0.46IRLAB-A IRLAB TherapeuticsPairCorr
  0.41NNH New Nordic HealthbrandsPairCorr

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   
ALIF-BDEDI
DSNODEDI
DSNOALIF-B
DSNOTRUE-B
ALIF-BRVRC
RVRCDEDI
  
High negative correlations   
DEDITRUE-B
DSNORVRC
RVRCTRUE-B
ALIF-BTRUE-B

Risk-Adjusted Indicators

There is a big difference between KABE Stock performing well and KABE Group 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 KABE Group'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 KABE Group 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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KABE Group Corporate Management

Elected by the shareholders, the KABE Group's board of directors comprises two types of representatives: KABE Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KABE. The board's role is to monitor KABE Group's management team and ensure that shareholders' interests are well served. KABE Group'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, KABE Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in KABE Group AB?

The danger of trading KABE Group AB 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 KABE Group 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 KABE Group. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile KABE Group AB 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KABE Group AB. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running KABE Group's price analysis, check to measure KABE Group'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 KABE Group is operating at the current time. Most of KABE Group's value examination focuses on studying past and present price action to predict the probability of KABE Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KABE Group's price. Additionally, you may evaluate how the addition of KABE Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between KABE Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if KABE Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KABE Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.