Aasen Sparebank Correlations
| AASB Stock | NOK 117.00 2.06 1.73% |
The current 90-days correlation between Aasen Sparebank and Grong Sparebank is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aasen Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aasen Sparebank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aasen Sparebank Correlation With Market
Good diversification
The correlation between Aasen Sparebank and DJI 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 Aasen Sparebank and DJI in the same portfolio, assuming nothing else is changed.
Aasen |
The ability to find closely correlated positions to Aasen Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aasen Sparebank 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 Aasen Sparebank - 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 Aasen Sparebank to buy it.
Moving together with Aasen Stock
| 0.71 | DNB | DnB ASA | PairCorr |
| 0.75 | MORG | Sparebanken Mre | PairCorr |
| 0.76 | SOAG | Sparebank 1 Ostfold | PairCorr |
| 0.65 | HELG | Helgeland Sparebank | PairCorr |
| 0.71 | JAREN | Jaeren Sparebank | PairCorr |
| 0.68 | GRONG | Grong Sparebank | PairCorr |
| 0.77 | SKUE | Skue Sparebank | PairCorr |
| 0.74 | NISB | Nidaros Sparebank | PairCorr |
| 0.61 | ROMSB | Romsdal Sparebank | PairCorr |
Moving against Aasen Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Aasen Stock performing well and Aasen Sparebank 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 Aasen Sparebank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRONG | 0.50 | 0.07 | 0.16 | (0.73) | 0.49 | 1.59 | 4.52 | |||
| MELG | 0.78 | 0.16 | 0.21 | 1.00 | 0.64 | 2.42 | 4.88 | |||
| AURG | 0.73 | 0.12 | 0.12 | 0.46 | 0.82 | 2.32 | 6.98 | |||
| SPOG | 1.02 | 0.29 | 0.27 | (1.71) | 1.02 | 2.82 | 8.52 | |||
| TYSB | 0.69 | 0.06 | 0.08 | 0.14 | 0.83 | 1.66 | 11.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aasen Sparebank 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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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
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Aasen Sparebank Corporate Management
Elected by the shareholders, the Aasen Sparebank's board of directors comprises two types of representatives: Aasen Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aasen. The board's role is to monitor Aasen Sparebank's management team and ensure that shareholders' interests are well served. Aasen Sparebank'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, Aasen Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rune Rasmussen | Risk Mang | Profile | |
| Kjersti Husby | Credit Market | Profile | |
| Hanne Aspas | Head Center | Profile | |
| Trude Hynne | Head Marketing | Profile | |
| Marthe Sundal | Head Market | Profile | |
| Bjrn Hynne | CEO MD | Profile | |
| Ingrid Nestvold | Head Operations | Profile |