Arctic Bioscience Correlations
| ABS Stock | NOK 4.70 0.40 9.30% |
The current 90-days correlation between Arctic Bioscience and Airthings ASA is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arctic Bioscience moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arctic Bioscience AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Arctic Bioscience Correlation With Market
Good diversification
The correlation between Arctic Bioscience AS and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arctic Bioscience AS and DJI in the same portfolio, assuming nothing else is changed.
Arctic |
The ability to find closely correlated positions to Arctic Bioscience could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arctic Bioscience 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 Arctic Bioscience - 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 Arctic Bioscience AS to buy it.
Moving together with Arctic Stock
| 0.64 | AZT | Arcticzymes Technologies | PairCorr |
| 0.8 | ZAP | Zaptec AS | PairCorr |
| 0.75 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.75 | KOMPL | Komplett AS | PairCorr |
Moving against Arctic Stock
| 0.8 | BGBIO | Bergenbio ASA | PairCorr |
| 0.77 | HAVI | Havila Shipping ASA | PairCorr |
| 0.63 | ULTI | Ultimovacs ASA | PairCorr |
| 0.61 | NEXT | Next Biometrics Group | PairCorr |
| 0.58 | OSUN | Ocean Sun As | PairCorr |
| 0.45 | DVD | Deep Value Driller | PairCorr |
| 0.41 | ROM | RomReal Limited | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Arctic Stock performing well and Arctic Bioscience 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 Arctic Bioscience'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIRX | 2.55 | (0.48) | 0.00 | 1.96 | 0.00 | 6.09 | 25.25 | |||
| AEGA | 40.24 | 19.30 | 0.81 | 1.30 | 17.45 | 31.82 | 1,241 | |||
| HDLY | 5.65 | 0.05 | 0.01 | 0.05 | 7.11 | 15.49 | 38.99 | |||
| BGBIO | 4.88 | (1.27) | 0.00 | (1.45) | 0.00 | 13.08 | 106.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arctic Bioscience 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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Arctic Bioscience Corporate Management
Elected by the shareholders, the Arctic Bioscience's board of directors comprises two types of representatives: Arctic Bioscience inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arctic. The board's role is to monitor Arctic Bioscience's management team and ensure that shareholders' interests are well served. Arctic Bioscience'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, Arctic Bioscience's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steffen Eidal | VP Marketing | Profile | |
| Runhild Gammelster | Global Director | Profile | |
| Christer Valderhaug | Chief Officer | Profile | |
| Yuming Feng | Exec Devel | Profile | |
| Hogne Hallaraker | Founder Officer | Profile | |
| Jone Slinning | Chief Officer | Profile | |
| MBA MSc | CoFounder Chairman | Profile |