Atlantic Sapphire Correlations

OTC Stocks . USA . 
Stock . Atlantic Sapphire ASA
AASZF Stock  USD 0.01  0  17.52%   
The current 90-days correlation between Atlantic Sapphire ASA and Forafric Global PLC is -0.02 (i.e., Good diversification). The correlation of Atlantic Sapphire 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
  
The ability to find closely correlated positions to Atlantic Sapphire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantic Sapphire 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 Atlantic Sapphire - 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 Atlantic Sapphire ASA to buy it.

Moving together with Atlantic OTC Stock

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Moving against Atlantic OTC Stock

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  0.38MNHVF Mowi ASAPairCorr
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  0.8355607PAE5 MQGAU 5376057 23PairCorr
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  0.74VST Vistra Energy Corp Sell-off TrendPairCorr
  0.74AVTE Aerovate TherapeuticsPairCorr
  0.72APH Amphenol Fiscal Year End 22nd of January 2025 PairCorr
  0.7PYPL PayPal Holdings Aggressive PushPairCorr
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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   
ASAGF
+ 0.79
GRCLF
GRCLF
+ 0.74
AFRI
APPHW
+ 0.69
AFRI
GRCLF
+ 0.55
APPHW
ASAGF
+ 0.49
APPHW
ASAGF
+ 0.43
AFRI
  
High negative correlations   
AFRI
- 0.5
AAGRY
APPHW
- 0.4
AAGRY
AFRIW
- 0.35
AAGRY
GRCLF
- 0.29
AAGRY
AGRIW
- 0.29
AAGRY
LMNR
- 0.26
AFRI

Risk-Adjusted Indicators

There is a big difference between Atlantic OTC Stock performing well and Atlantic Sapphire OTC Stock 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 Atlantic Sapphire'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atlantic Sapphire 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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Atlantic Sapphire Corporate Management

Elected by the shareholders, the Atlantic Sapphire's board of directors comprises two types of representatives: Atlantic Sapphire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atlantic. The board's role is to monitor Atlantic Sapphire's management team and ensure that shareholders' interests are well served. Atlantic Sapphire'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, Atlantic Sapphire's outside directors are responsible for providing unbiased perspectives on the board's policies.
Danielle VillochChief OfficerProfile
JonBirger LovikChief OfficerProfile
Thue HolmCoFounder CTOProfile
Johan AndreassenChairman CoFounderProfile
Karl yehaugMD CFOProfile
Svein TakloChief OfficerProfile
Damien ClaireChief OfficerProfile
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