Sweco AB Correlations
| SWEC-B Stock | SEK 152.10 1.50 0.98% |
The current 90-days correlation between Sweco AB and Indutrade AB is 0.39 (i.e., Weak diversification). The correlation of Sweco AB 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.
Sweco AB Correlation With Market
Significant diversification
The correlation between Sweco AB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sweco AB and DJI in the same portfolio, assuming nothing else is changed.
Sweco |
The ability to find closely correlated positions to Sweco AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sweco AB 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 Sweco AB - 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 Sweco AB to buy it.
Moving together with Sweco Stock
Moving against Sweco Stock
| 0.61 | FG | Fasadgruppen Group | PairCorr |
| 0.6 | SINT | SinterCast AB | PairCorr |
| 0.51 | IMMU | Mendus AB | PairCorr |
| 0.46 | ARION-SDB | Arion banki hf | PairCorr |
| 0.42 | SEB-A | Skandinaviska Enskilda | PairCorr |
| 0.42 | SHOT | Scandic Hotels Group | PairCorr |
| 0.41 | QLINEA | Q linea AB Split | PairCorr |
| 0.35 | SEB-C | Skandinaviska Enskilda | PairCorr |
Related Correlations Analysis
| 0.12 | 0.38 | 0.33 | 0.21 | INDT | ||
| 0.12 | 0.57 | 0.81 | 0.82 | BEIJ-B | ||
| 0.38 | 0.57 | 0.78 | 0.74 | ADDT-B | ||
| 0.33 | 0.81 | 0.78 | 0.77 | NIBE-B | ||
| 0.21 | 0.82 | 0.74 | 0.77 | TREL-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Sweco Stock performing well and Sweco AB 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 Sweco AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INDT | 1.32 | (0.06) | 0.00 | (0.18) | 0.00 | 2.84 | 10.29 | |||
| BEIJ-B | 1.39 | 0.21 | 0.08 | 0.76 | 1.32 | 3.16 | 9.12 | |||
| ADDT-B | 1.49 | 0.27 | 0.09 | 19.15 | 1.33 | 3.18 | 10.85 | |||
| NIBE-B | 1.89 | 0.37 | 0.14 | 0.92 | 1.77 | 4.43 | 10.95 | |||
| TREL-B | 1.09 | 0.16 | 0.06 | 0.53 | 1.00 | 2.73 | 8.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sweco AB 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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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Sweco AB Corporate Management
Elected by the shareholders, the Sweco AB's board of directors comprises two types of representatives: Sweco AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sweco. The board's role is to monitor Sweco AB's management team and ensure that shareholders' interests are well served. Sweco AB'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, Sweco AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Lagerwall | G Counsel | Profile | |
| Stig Bremer | Head IT | Profile | |
| Olof Stalnacke | Chief Officer | Profile | |
| Helene Hasselskog | Chief Officer | Profile | |
| Lars Enander | Head Norway | Profile | |
| Marcela Sylvander | Chief Officer | Profile | |
| Jukka Korvenoja | Head Industry | Profile |