B3 Consulting Correlations
| B3 Stock | SEK 76.30 2.70 3.67% |
The correlation of B3 Consulting 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 B3 Consulting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B3 Consulting Group 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 B3 Consulting Group and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B3 Consulting Group and NYA in the same portfolio, assuming nothing else is changed.
B3 Consulting |
The ability to find closely correlated positions to B3 Consulting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B3 Consulting 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 B3 Consulting - 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 B3 Consulting Group to buy it.
Moving together with B3 Consulting Stock
| 0.66 | TIETOS | TietoEVRY Corp | PairCorr |
| 0.91 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.68 | SEB-C | Skandinaviska Enskilda Earnings Call This Week | PairCorr |
| 0.88 | SHB-A | Svenska Handelsbanken | PairCorr |
Moving against B3 Consulting Stock
| 0.64 | LAGR-B | Lagercrantz Group | PairCorr |
| 0.61 | ANOD-B | Addnode Group AB | PairCorr |
| 0.61 | INVE-A | Investor AB ser | PairCorr |
| 0.57 | INVE-B | Investor AB ser | PairCorr |
| 0.54 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.5 | PREV-B | Prevas AB | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between B3 Consulting Stock performing well and B3 Consulting 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 B3 Consulting'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EWRK | 1.38 | 0.07 | 0.00 | 0.77 | 1.89 | 3.09 | 9.46 | |||
| NTEK-B | 1.75 | 0.41 | 0.24 | 0.63 | 1.25 | 5.43 | 9.46 | |||
| PREV-B | 1.78 | 0.32 | 0.15 | 1.36 | 1.61 | 3.54 | 17.50 | |||
| PACT | 1.31 | 0.39 | 0.22 | 3.76 | 1.15 | 2.52 | 9.52 | |||
| KNOW | 1.79 | 0.37 | 0.17 | 1.53 | 1.53 | 3.75 | 15.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in B3 Consulting 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 My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
B3 Consulting Corporate Management
Elected by the shareholders, the B3 Consulting's board of directors comprises two types of representatives: B3 Consulting inside directors who are chosen from within the company, and outside directors, selected externally and held independent of B3 Consulting. The board's role is to monitor B3 Consulting's management team and ensure that shareholders' interests are well served. B3 Consulting'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, B3 Consulting's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pernilla Brolin | Head CHRO | Profile | |
| Anette Billing | Pres CEO | Profile | |
| Patrik Blomberg | Head Devel | Profile | |
| Hakan Lindberg | Information Technology and Quality Manager | Profile | |
| Katarina Lundqvist | Head Communications | Profile | |
| Rolf Komodin | Head Communications | Profile | |
| Johanna Eriksson | Chief Officer | Profile |
Already Invested in B3 Consulting Group?
The danger of trading B3 Consulting Group 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 B3 Consulting 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 B3 Consulting. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile B3 Consulting Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in B3 Consulting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for B3 Consulting Stock analysis
When running B3 Consulting's price analysis, check to measure B3 Consulting'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 B3 Consulting is operating at the current time. Most of B3 Consulting's value examination focuses on studying past and present price action to predict the probability of B3 Consulting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move B3 Consulting's price. Additionally, you may evaluate how the addition of B3 Consulting to your portfolios can decrease your overall portfolio volatility.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Global Correlations Find global opportunities by holding instruments from different markets |