Carasent ASA Correlations
| CARA Stock | 20.60 1.05 5.37% |
The current 90-days correlation between Carasent ASA and Arcticzymes Technologies ASA is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carasent ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carasent ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Carasent ASA Correlation With Market
Significant diversification
The correlation between Carasent ASA and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carasent ASA and DJI in the same portfolio, assuming nothing else is changed.
Carasent |
The ability to find closely correlated positions to Carasent ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carasent ASA 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 Carasent ASA - 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 Carasent ASA to buy it.
Moving together with Carasent Stock
| 0.71 | PYRUM | Pyrum Innovations | PairCorr |
| 0.69 | AKER | Aker ASA | PairCorr |
| 0.7 | BAKKA | Pf Bakkafrost | PairCorr |
| 0.86 | KOG | Kongsberg Gruppen ASA | PairCorr |
Moving against Carasent Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Carasent Stock performing well and Carasent ASA 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 Carasent ASA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AZT | 1.94 | (0.46) | 0.00 | 0.79 | 0.00 | 4.29 | 25.36 | |||
| SEYE | 2.06 | (0.53) | 0.00 | (0.78) | 0.00 | 3.54 | 15.65 | |||
| BGBIO | 5.26 | 0.22 | 0.04 | 0.42 | 4.69 | 15.00 | 51.26 | |||
| KIT | 1.24 | (0.19) | 0.00 | (0.44) | 0.00 | 2.29 | 8.18 | |||
| NKR | 1.50 | (0.04) | 0.00 | 0.22 | 0.00 | 2.67 | 13.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Carasent ASA 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?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |
Carasent ASA Corporate Management
Elected by the shareholders, the Carasent ASA's board of directors comprises two types of representatives: Carasent ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carasent. The board's role is to monitor Carasent ASA's management team and ensure that shareholders' interests are well served. Carasent ASA'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, Carasent ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johan Eltes | Chief Officer | Profile | |
| Daniel Ohman | Chief Officer | Profile | |
| Dennis Hojer | Chief Officer | Profile | |
| Advocate Schultz | Legal Counsel | Profile | |
| Chris Damvakaris | VP Devel | Profile | |
| Cornelia Broqvist | Chief Officer | Profile | |
| Niclas Hugosson | Founder,Chief Developer | Profile |