Pf Bakkafrost Correlations
| BAKKA Stock | NOK 538.00 4.00 0.74% |
The current 90-days correlation between Pf Bakkafrost and SalMar ASA is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pf Bakkafrost moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pf Bakkafrost moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pf Bakkafrost Correlation With Market
Good diversification
The correlation between Pf Bakkafrost and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pf Bakkafrost and DJI in the same portfolio, assuming nothing else is changed.
BAKKA |
The ability to find closely correlated positions to Pf Bakkafrost could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pf Bakkafrost 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 Pf Bakkafrost - 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 Pf Bakkafrost to buy it.
Moving against BAKKA Stock
| 0.88 | DNB | DnB ASA | PairCorr |
| 0.8 | TEL | Telenor ASA | PairCorr |
| 0.77 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.75 | ORK | Orkla ASA | PairCorr |
| 0.55 | ELK | Elkem ASA | PairCorr |
| 0.47 | NHY | Norsk Hydro ASA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between BAKKA Stock performing well and Pf Bakkafrost 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 Pf Bakkafrost'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SALM | 1.19 | (0.01) | 0.00 | (0.14) | 0.00 | 2.02 | 7.10 | |||
| MOWI | 1.04 | 0.04 | 0.05 | 0.02 | 1.36 | 2.47 | 7.43 | |||
| LSG | 1.11 | 0.09 | 0.10 | 2.31 | 1.45 | 2.31 | 6.66 | |||
| GSF | 2.56 | 0.04 | 0.02 | (0.47) | 5.36 | 4.96 | 34.66 | |||
| AUSS | 1.06 | 0.10 | 0.09 | 0.70 | 1.45 | 1.97 | 7.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pf Bakkafrost 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Pf Bakkafrost Corporate Management
Elected by the shareholders, the Pf Bakkafrost's board of directors comprises two types of representatives: Pf Bakkafrost inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BAKKA. The board's role is to monitor Pf Bakkafrost's management team and ensure that shareholders' interests are well served. Pf Bakkafrost'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, Pf Bakkafrost's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johan Jacobsen | Chief Officer | Profile | |
| Smun Jacobsen | Sales Mang | Profile | |
| Heini Kristiansen | Group Human Resources Manager | Profile | |
| Hogni Jakobsen | Chief Officer | Profile |