Arcticzymes Technologies Correlations
| AZT Stock | NOK 13.00 0.12 0.91% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcticzymes Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcticzymes Technologies ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Arcticzymes Technologies Correlation With Market
Good diversification
The correlation between Arcticzymes Technologies ASA and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcticzymes Technologies ASA and DJI in the same portfolio, assuming nothing else is changed.
Arcticzymes |
The ability to find closely correlated positions to Arcticzymes Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arcticzymes Technologies 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 Arcticzymes Technologies - 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 Arcticzymes Technologies ASA to buy it.
Moving together with Arcticzymes Stock
| 0.76 | HBC | Hofseth Biocare ASA | PairCorr |
| 0.65 | ABS | Arctic Bioscience | PairCorr |
| 0.69 | SOFTX | SoftOx Solutions | PairCorr |
Moving against Arcticzymes Stock
| 0.65 | MING | Sparebank 1 SMN | PairCorr |
| 0.6 | SOR | Sparebanken Sor | PairCorr |
| 0.58 | DNB | DnB ASA | PairCorr |
| 0.57 | NHY | Norsk Hydro ASA | PairCorr |
| 0.53 | SRBNK | Sparebank 1 SR | PairCorr |
| 0.49 | SVEG | Sparebanken Vest | PairCorr |
| 0.47 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.45 | STB | Storebrand ASA | PairCorr |
| 0.4 | CIRCA | Circa Group AS | PairCorr |
Related Correlations Analysis
| -0.2 | -0.24 | -0.17 | -0.52 | CARA | ||
| -0.2 | -0.19 | 0.13 | 0.14 | BGBIO | ||
| -0.24 | -0.19 | 0.12 | 0.53 | PHO | ||
| -0.17 | 0.13 | 0.12 | 0.24 | KIT | ||
| -0.52 | 0.14 | 0.53 | 0.24 | VOW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arcticzymes Stock performing well and Arcticzymes Technologies 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 Arcticzymes Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CARA | 1.64 | 0.11 | 0.00 | 1.06 | 1.87 | 4.13 | 10.33 | |||
| BGBIO | 5.23 | 0.26 | 0.05 | 0.44 | 4.64 | 15.00 | 51.26 | |||
| PHO | 1.41 | (0.17) | 0.00 | (0.36) | 0.00 | 3.91 | 13.58 | |||
| KIT | 1.23 | (0.16) | 0.00 | (0.36) | 0.00 | 2.29 | 8.18 | |||
| VOW | 5.29 | (1.44) | 0.00 | (0.81) | 0.00 | 7.78 | 66.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arcticzymes Technologies 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Arcticzymes Technologies Corporate Management
Elected by the shareholders, the Arcticzymes Technologies' board of directors comprises two types of representatives: Arcticzymes Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arcticzymes. The board's role is to monitor Arcticzymes Technologies' management team and ensure that shareholders' interests are well served. Arcticzymes Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Arcticzymes Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marit Lorentzen | VP Operations | Profile | |
| Borge Sorvoll | Chief Officer | Profile | |
| Darren Ellis | Chief Officer | Profile | |
| Alexander Bjorna | Director Devel | Profile | |
| Jethro Holter | Chief Officer | Profile | |
| Dirk Hahneiser | VP Marketing | Profile |