Austevoll Seafood Correlations
| AUSS Stock | NOK 101.90 0.50 0.49% |
The current 90-days correlation between Austevoll Seafood ASA and Lery Seafood Group is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Austevoll Seafood moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Austevoll Seafood ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Austevoll Seafood Correlation With Market
Very weak diversification
The correlation between Austevoll Seafood ASA and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Austevoll Seafood ASA and DJI in the same portfolio, assuming nothing else is changed.
Austevoll |
The ability to find closely correlated positions to Austevoll Seafood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Austevoll Seafood 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 Austevoll Seafood - 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 Austevoll Seafood ASA to buy it.
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Risk-Adjusted Indicators
There is a big difference between Austevoll Stock performing well and Austevoll Seafood 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 Austevoll Seafood'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSG | 1.07 | 0.08 | 0.05 | 0.12 | 1.42 | 2.31 | 6.66 | |||
| GSF | 2.49 | (0.07) | 0.00 | (0.06) | 0.00 | 4.96 | 34.66 | |||
| SALM | 1.18 | (0.09) | 0.00 | (0.21) | 0.00 | 2.02 | 7.10 | |||
| BAKKA | 0.99 | (0.30) | 0.00 | (0.61) | 0.00 | 1.89 | 7.02 | |||
| MOWI | 1.00 | 0.07 | 0.05 | 0.21 | 1.24 | 2.47 | 7.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Austevoll Seafood 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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Austevoll Seafood Corporate Management
Elected by the shareholders, the Austevoll Seafood's board of directors comprises two types of representatives: Austevoll Seafood inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Austevoll. The board's role is to monitor Austevoll Seafood's management team and ensure that shareholders' interests are well served. Austevoll Seafood'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, Austevoll Seafood's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Britt Drivenes | Chief Officer | Profile | |
| Adriana Alva | Chief Saa | Profile | |
| Erling Mgster | Chief operations | Profile | |
| Tore Mohn | Director Affairs | Profile | |
| Tom Tynan | Chief Officer | Profile | |
| Arne Stang | Chief AS | Profile |