Wihlborgs Fastigheter Correlations
| WIHL Stock | SEK 90.10 2.40 2.74% |
The correlation of Wihlborgs 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 Wihlborgs Fastigheter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wihlborgs 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.
Modest diversification
The correlation between Wihlborgs Fastigheter AB and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wihlborgs Fastigheter AB and NYA in the same portfolio, assuming nothing else is changed.
Wihlborgs |
The ability to find closely correlated positions to Wihlborgs 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 Wihlborgs 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 Wihlborgs 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 Wihlborgs Fastigheter AB to buy it.
Moving together with Wihlborgs Stock
Moving against Wihlborgs Stock
Related Correlations Analysis
| 0.89 | 0.75 | 0.93 | 0.7 | FABG | ||
| 0.89 | 0.92 | 0.88 | 0.63 | CAST | ||
| 0.75 | 0.92 | 0.7 | 0.37 | BALD-B | ||
| 0.93 | 0.88 | 0.7 | 0.78 | WALL-B | ||
| 0.7 | 0.63 | 0.37 | 0.78 | HUFV-A | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Wihlborgs Stock performing well and Wihlborgs 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 Wihlborgs 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FABG | 1.46 | (0.25) | 0.00 | (0.45) | 0.00 | 3.08 | 10.34 | |||
| CAST | 1.31 | (0.07) | 0.00 | (0.06) | 0.00 | 3.00 | 7.45 | |||
| BALD-B | 1.81 | 0.00 | (0.02) | 0.08 | 2.10 | 4.53 | 9.92 | |||
| WALL-B | 1.53 | (0.12) | 0.00 | (0.15) | 0.00 | 3.18 | 9.37 | |||
| HUFV-A | 1.07 | (0.07) | 0.00 | (0.04) | 0.00 | 2.24 | 6.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wihlborgs 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?
Run Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
Wihlborgs Fastigheter Corporate Directors
Wihlborgs Fastigheter corporate directors refer to members of a Wihlborgs Fastigheter board of directors. The board of directors generally takes responsibility for the Wihlborgs 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 Wihlborgs Fastigheter's board members must vote for the resolution. The Wihlborgs Fastigheter board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Irene Johansson | Public Relations Director | Profile | |
| Jan Litborn | Director | Profile | |
| Margareta Lantz | Director of Corporate Communications | Profile | |
| Anna Nambord | Director of HR and CSR | Profile |
Already Invested in Wihlborgs Fastigheter AB?
The danger of trading Wihlborgs 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 Wihlborgs 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 Wihlborgs Fastigheter. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wihlborgs Fastigheter 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wihlborgs 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. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Wihlborgs Stock analysis
When running Wihlborgs Fastigheter's price analysis, check to measure Wihlborgs 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 Wihlborgs Fastigheter is operating at the current time. Most of Wihlborgs Fastigheter's value examination focuses on studying past and present price action to predict the probability of Wihlborgs 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 Wihlborgs Fastigheter's price. Additionally, you may evaluate how the addition of Wihlborgs Fastigheter to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |