Realfiction Holding Correlations
| REALFI Stock | SEK 14.00 0.36 2.51% |
The correlation of Realfiction Holding 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 Realfiction Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Realfiction Holding 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 Realfiction Holding AB and NYA is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Realfiction Holding AB and NYA in the same portfolio, assuming nothing else is changed.
Realfiction |
The ability to find closely correlated positions to Realfiction Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Realfiction Holding 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 Realfiction Holding - 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 Realfiction Holding AB to buy it.
Moving together with Realfiction Stock
| 0.64 | VIT-B | Vitec Software Group | PairCorr |
| 0.62 | ENEA | Enea AB Earnings Call This Week | PairCorr |
| 0.81 | ARION-SDB | Arion banki hf | PairCorr |
Moving against Realfiction Stock
| 0.83 | VOLV-A | AB Volvo | PairCorr |
| 0.78 | VOLV-B | AB Volvo | PairCorr |
| 0.78 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.76 | VOLCAR-B | Volvo Car AB | PairCorr |
| 0.67 | FPIP | FormPipe Software | PairCorr |
| 0.59 | NDA-SE | Nordea Bank Abp | PairCorr |
| 0.51 | IAR-B | IAR Systems Group | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Realfiction Stock performing well and Realfiction Holding 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 Realfiction Holding'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 Realfiction Holding 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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Realfiction Holding Corporate Management
Elected by the shareholders, the Realfiction Holding's board of directors comprises two types of representatives: Realfiction Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Realfiction. The board's role is to monitor Realfiction Holding's management team and ensure that shareholders' interests are well served. Realfiction Holding'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, Realfiction Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Simonsen | Head CoFounder | Profile | |
| Clas Dyrholm | CEO CoFounder | Profile | |
| Raquel Sertaje | Head Sales | Profile | |
| Torben Okkels | Chief Officer | Profile |
Already Invested in Realfiction Holding AB?
The danger of trading Realfiction Holding 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 Realfiction Holding 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 Realfiction Holding. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Realfiction Holding 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Realfiction Holding 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 census. Note that the Realfiction Holding information on this page should be used as a complementary analysis to other Realfiction Holding'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Realfiction Stock analysis
When running Realfiction Holding's price analysis, check to measure Realfiction Holding'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 Realfiction Holding is operating at the current time. Most of Realfiction Holding's value examination focuses on studying past and present price action to predict the probability of Realfiction Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Realfiction Holding's price. Additionally, you may evaluate how the addition of Realfiction Holding to your portfolios can decrease your overall portfolio volatility.
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