NP3 Fastigheter Correlations
| NP3 Stock | SEK 223.00 5.50 2.53% |
The correlation of NP3 Fastigheter 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 NP3 Fastigheter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NP3 Fastigheter 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.
Average diversification
The correlation between NP3 Fastigheter AB and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NP3 Fastigheter AB and NYA in the same portfolio, assuming nothing else is changed.
NP3 |
The ability to find closely correlated positions to NP3 Fastigheter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NP3 Fastigheter 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 NP3 Fastigheter - 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 NP3 Fastigheter AB to buy it.
Moving together with NP3 Stock
Moving against NP3 Stock
| 0.61 | POLY | PolyPlank publ AB | PairCorr |
| 0.6 | REALFI | Realfiction Holding | PairCorr |
| 0.56 | MOMENT | Moment Group AB | PairCorr |
| 0.48 | EWRK | eWork Group AB Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.84 | 0.88 | 0.81 | 0.91 | PLAZ-B | ||
| 0.84 | 0.92 | 0.87 | 0.89 | CATE | ||
| 0.88 | 0.92 | 0.85 | 0.9 | SAGA-B | ||
| 0.81 | 0.87 | 0.85 | 0.82 | NYF | ||
| 0.91 | 0.89 | 0.9 | 0.82 | DIOS | ||
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Risk-Adjusted Indicators
There is a big difference between NP3 Stock performing well and NP3 Fastigheter 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 NP3 Fastigheter'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLAZ-B | 1.83 | 0.17 | 0.09 | 0.27 | 1.58 | 4.54 | 10.43 | |||
| CATE | 1.30 | 0.11 | 0.05 | 0.29 | 1.33 | 2.53 | 11.41 | |||
| SAGA-B | 1.42 | 0.11 | 0.04 | 0.26 | 1.66 | 3.44 | 8.72 | |||
| NYF | 1.68 | 0.05 | 0.00 | 0.16 | 2.30 | 3.36 | 13.50 | |||
| DIOS | 1.29 | 0.06 | 0.01 | 0.26 | 1.53 | 2.40 | 6.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NP3 Fastigheter 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?
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NP3 Fastigheter Corporate Directors
NP3 Fastigheter corporate directors refer to members of a NP3 Fastigheter board of directors. The board of directors generally takes responsibility for the NP3 Fastigheter'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 NP3 Fastigheter's board members must vote for the resolution. The NP3 Fastigheter board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gunnar Lindberg | Independent Director | Profile | |
| Mia Juhlin | Director | Profile | |
| Olof Johansson | Director | Profile | |
| Carl Linton | Director of Investor Relations | Profile |
Already Invested in NP3 Fastigheter AB?
The danger of trading NP3 Fastigheter 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 NP3 Fastigheter 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 NP3 Fastigheter. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NP3 Fastigheter 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 NP3 Fastigheter 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. Note that the NP3 Fastigheter AB information on this page should be used as a complementary analysis to other NP3 Fastigheter's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for NP3 Stock analysis
When running NP3 Fastigheter's price analysis, check to measure NP3 Fastigheter'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 NP3 Fastigheter is operating at the current time. Most of NP3 Fastigheter's value examination focuses on studying past and present price action to predict the probability of NP3 Fastigheter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NP3 Fastigheter's price. Additionally, you may evaluate how the addition of NP3 Fastigheter to your portfolios can decrease your overall portfolio volatility.
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