Dno ASA Correlations
| DTNOF Stock | USD 0.90 0.00 0.00% |
The current 90-days correlation between Dno ASA and CNX Resources Corp is 0.08 (i.e., Significant diversification). The correlation of Dno ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Dno ASA Correlation With Market
Good diversification
The correlation between Dno ASA and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dno ASA and DJI in the same portfolio, assuming nothing else is changed.
Dno |
The ability to find closely correlated positions to Dno 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 Dno 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 Dno 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 Dno ASA to buy it.
Moving together with Dno Pink Sheet
| 0.63 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.74 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.77 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Dno Pink Sheet
| 0.63 | EOG | EOG Resources | PairCorr |
| 0.53 | COP | ConocoPhillips | PairCorr |
| 0.67 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.47 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.45 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Dno Pink Sheet performing well and Dno 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 Dno 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNX | 1.67 | 0.43 | 0.22 | 0.58 | 1.47 | 4.48 | 9.84 | |||
| MVO | 1.11 | (0.05) | 0.00 | 2.43 | 0.00 | 2.69 | 7.24 | |||
| SJT | 2.24 | 0.34 | 0.16 | 0.51 | 1.75 | 5.88 | 11.16 | |||
| VOC | 1.55 | 0.04 | (0.02) | 0.28 | 2.32 | 2.78 | 11.00 | |||
| CRK | 2.24 | 0.38 | 0.17 | 0.37 | 2.09 | 6.81 | 13.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dno 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 Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |