Swedish Match Related Correlations

Summary

SWMAFDelisted Stock

USD 10.05 0.00 0.00%

Generate correlation matrix for Swedish Match and other related equities to check the degree to which Swedish Match AB price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Swedish Match AB. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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Please note, there is a significant difference between Swedish Match's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swedish Match is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swedish Match's 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.

Correlations

	UVSP	NVNO	VMD	APAM	BNTX	ALVO	MLGF
UVSP		-0.13	0.15	-0.12	0.63	0.34	0.43	UVSP
NVNO	-0.13		0.68	0.58	-0.33	0.31	-0.33	NVNO
VMD	0.15	0.68		0.59	-0.03	0.26	-0.15	VMD
APAM	-0.12	0.58	0.59		-0.47	-0.36	-0.52	APAM
BNTX	0.63	-0.33	-0.03	-0.47		0.29	0.67	BNTX
ALVO	0.34	0.31	0.26	-0.36	0.29		0.34	ALVO
MLGF	0.43	-0.33	-0.15	-0.52	0.67	0.34		MLGF
	UVSP	NVNO	VMD	APAM	BNTX	ALVO	MLGF

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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

VMD	+ 0.68	NVNO
MLGF	+ 0.67	BNTX
BNTX	+ 0.63	UVSP
APAM	+ 0.59	VMD
APAM	+ 0.58	NVNO
MLGF	+ 0.43	UVSP

High negative correlations

MLGF	- 0.52	APAM
BNTX	- 0.47	APAM
ALVO	- 0.36	APAM
MLGF	- 0.33	NVNO
BNTX	- 0.33	NVNO
MLGF	- 0.15	VMD

Risk-Adjusted Indicators

There is a big difference between Swedish Pink Sheet performing well and Swedish Match 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 Swedish Match'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
UVSP	1.55	(0.16)	0.00	(0.01)	0.00	0.00	4.09	(3.71)	10.20
NVNO	3.48	0.19	0.06	0.20	3.66	(4.01)	7.68	(6.32)	28.65
VMD	2.16	(0.01)	0.02	0.07	2.63	(2.44)	4.76	(5.33)	13.27
APAM	1.37	(0.06)	0.01	0.05	1.62	(1.51)	2.74	(2.63)	9.65
BNTX	1.23	(0.22)	0.00	(0.29)	0.00	0.00	2.21	(2.17)	9.89
ALVO	1.98	0.11	0.02	0.27	3.04	(2.20)	4.10	(5.67)	26.48
MLGF	0.44	(0.02)	0.00	0.21	0.00	0.00	1.11	(1.10)	3.14

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Swedish Match Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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