Swedish Match Correlations

SWMAFDelisted Stock  USD 10.05  0.00  0.00%   
The correlation of Swedish Match 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 Swedish Match moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Swedish Match 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.

Good diversification

The correlation between Swedish Match AB and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swedish Match AB and NYA in the same portfolio, assuming nothing else is changed.
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.
  
The ability to find closely correlated positions to Swedish Match could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swedish Match 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 Swedish Match - 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 Swedish Match AB to buy it.

Related Correlations Analysis

RCKY
TTC
JBGS
MATV
FKWL
HPP
RCKY
0.72-0.2-0.320.120.24
RCKY
TTC
0.72-0.05-0.420.150.35
TTC
JBGS
-0.2-0.050.450.30.2
JBGS
MATV
-0.32-0.420.45-0.27-0.5
MATV
FKWL
0.120.150.3-0.270.84
FKWL
HPP
0.240.350.2-0.50.84
HPP
RCKY
TTC
JBGS
MATV
FKWL
HPP
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HPPFKWL
TTCRCKY
MATVJBGS
HPPTTC
FKWLJBGS
HPPRCKY
  
High negative correlations   
HPPMATV
MATVTTC
MATVRCKY
FKWLMATV
JBGSRCKY
JBGSTTC

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.

Swedish Match Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Swedish Match pink sheet to make a market-neutral strategy. Peer analysis of Swedish Match could also be used in its relative valuation, which is a method of valuing Swedish Match by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Swedish Match Corporate Directors

Swedish Match corporate directors refer to members of a Swedish Match board of directors. The board of directors generally takes responsibility for the Swedish Match'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 Swedish Match's board members must vote for the resolution. The Swedish Match board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Eva NorlenMoritzDirector, Employee RepresentativeProfile
Patrik EngelbrektssonDirector, Employee RepresentativeProfile
Charles BlixtDirectorProfile
ParOla OlaussonDirector, Employee RepresentativeProfile

Still Interested in Swedish Match AB?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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.
Note that the Swedish Match AB information on this page should be used as a complementary analysis to other Swedish Match's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Other Consideration for investing in Swedish Pink Sheet

If you are still planning to invest in Swedish Match AB check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Swedish Match's history and understand the potential risks before investing.
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