Alfa Laval Correlations
| ALFVY Stock | USD 39.17 0.86 2.24% |
The correlation of Alfa Laval 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 Alfa Laval moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alfa Laval 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.
Weak diversification
The correlation between Alfa Laval AB and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alfa Laval AB and NYA in the same portfolio, assuming nothing else is changed.
Alfa |
The ability to find closely correlated positions to Alfa Laval could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alfa Laval 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 Alfa Laval - 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 Alfa Laval AB to buy it.
Moving together with Alfa Pink Sheet
| 0.83 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.69 | SIEGY | Siemens AG ADR | PairCorr |
| 0.82 | ETN | Eaton PLC Financial Report 7th of May 2024 | PairCorr |
| 0.77 | SMAWF | Siemens AG Class | PairCorr |
| 0.81 | SBGSY | Schneider Electric | PairCorr |
| 0.81 | SBGSF | Schneider Electric | PairCorr |
| 0.73 | ITW | Illinois Tool Works Financial Report 7th of May 2024 | PairCorr |
| 0.74 | PH | Parker Hannifin Financial Report 2nd of May 2024 | PairCorr |
| 0.78 | EMR | Emerson Electric Financial Report 1st of May 2024 | PairCorr |
| 0.77 | ATLPF | Atlas Copco AB | PairCorr |
Moving against Alfa Pink Sheet
| 0.79 | URYL | United Royale Holdings | PairCorr |
| 0.77 | AAGH | America Great Health | PairCorr |
| 0.77 | AZRH | Azure Holding Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Alfa Pink Sheet performing well and Alfa Laval 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 Alfa Laval'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GE | 1.15 | 0.54 | 0.43 | 0.48 | 0.67 | 3.79 | 8.46 | |||
| ETN | 1.07 | 0.35 | 0.29 | 0.33 | 0.77 | 2.26 | 11.18 | |||
| ITW | 0.67 | (0.04) | (0.05) | 0.00 | 0.96 | 1.08 | 3.43 | |||
| PH | 0.92 | 0.18 | 0.23 | 0.17 | 0.59 | 2.04 | 9.08 | |||
| EMR | 0.84 | 0.24 | 0.21 | 0.97 | 0.61 | 1.50 | 12.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alfa Laval 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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Alfa Laval Corporate Directors
Alfa Laval corporate directors refer to members of an Alfa Laval board of directors. The board of directors generally takes responsibility for the Alfa Laval'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 Alfa Laval's board members must vote for the resolution. The Alfa Laval board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Henrik Nielsen | Director, Employee Representative | Profile | |
| Ulla Litzen | Independent Director | Profile | |
| Susanna Norrby | Director, Employee Representative | Profile | |
| Ulf Wiinberg | Independent Director | Profile |
Already Invested in Alfa Laval AB?
The danger of trading Alfa Laval 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 Alfa Laval 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 Alfa Laval. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alfa Laval AB 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 Alfa Laval 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 real. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Alfa Pink Sheet analysis
When running Alfa Laval's price analysis, check to measure Alfa Laval'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 Alfa Laval is operating at the current time. Most of Alfa Laval's value examination focuses on studying past and present price action to predict the probability of Alfa Laval's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alfa Laval's price. Additionally, you may evaluate how the addition of Alfa Laval to your portfolios can decrease your overall portfolio volatility.
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