Strategic Investments Correlations

STRINV Stock  DKK 1.20  0.08  7.14%   
The correlation of Strategic Investments 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 Strategic Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Strategic Investments AS 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.

Significant diversification

The correlation between Strategic Investments AS and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Investments AS and NYA in the same portfolio, assuming nothing else is changed.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Strategic Investments AS. 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.
  
The ability to find closely correlated positions to Strategic Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Strategic Investments 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 Strategic Investments - 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 Strategic Investments AS to buy it.

Moving together with Strategic Stock

  0.76LUXOR-B InvesteringsselskabetPairCorr
  0.71EAC EAC Invest ASPairCorr
  0.64MAERSK-B AP Mller Earnings Call TodayPairCorr

Moving against Strategic Stock

  0.8DANSKE Danske Bank AS Earnings Call TomorrowPairCorr
  0.77JYSK Jyske Bank AS Earnings Call This WeekPairCorr
  0.65NOVO-B Novo Nordisk AS Earnings Call TodayPairCorr
  0.44COLO-B Coloplast ASPairCorr

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   
ROVNEWCAP
SKAKONEWCAP
  
High negative correlations   
ROVSKAKO

Risk-Adjusted Indicators

There is a big difference between Strategic Stock performing well and Strategic Investments 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 Strategic Investments' 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 Strategic Investments 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.

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Already Invested in Strategic Investments AS?

The danger of trading Strategic Investments AS 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 Strategic Investments 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 Strategic Investments. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Strategic Investments 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Strategic Investments AS. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Strategic Stock analysis

When running Strategic Investments' price analysis, check to measure Strategic Investments' 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 Strategic Investments is operating at the current time. Most of Strategic Investments' value examination focuses on studying past and present price action to predict the probability of Strategic Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strategic Investments' price. Additionally, you may evaluate how the addition of Strategic Investments to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Strategic Investments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Strategic Investments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Strategic Investments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.