Entra ASA Correlations
| ENTRA Stock | NOK 111.00 0.60 0.54% |
The current 90-days correlation between Entra ASA and Storebrand ASA is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entra ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entra ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Entra ASA Correlation With Market
Good diversification
The correlation between Entra ASA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entra ASA and DJI in the same portfolio, assuming nothing else is changed.
Entra |
The ability to find closely correlated positions to Entra 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 Entra 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 Entra 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 Entra ASA to buy it.
Moving against Entra Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Entra Stock performing well and Entra 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 Entra 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GJF | 0.85 | 0.29 | 0.45 | 1.76 | 0.39 | 1.76 | 10.22 | |||
| STB | 1.02 | 0.13 | 0.10 | 1.08 | 1.82 | 1.75 | 12.17 | |||
| OLT | 0.90 | 0.23 | 0.25 | 1.86 | 0.79 | 2.16 | 6.43 | |||
| DNB | 0.69 | 0.27 | 0.39 | 6.89 | 0.58 | 1.81 | 4.63 | |||
| VEI | 0.74 | 0.10 | 0.15 | 0.28 | 0.88 | 1.52 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Entra 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?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Entra ASA Corporate Management
Elected by the shareholders, the Entra ASA's board of directors comprises two types of representatives: Entra ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Entra. The board's role is to monitor Entra ASA's management team and ensure that shareholders' interests are well served. Entra 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, Entra ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sonja Horn | Executive VP of Central Oslo | Profile | |
| Kristine Hilberg | Ex Organisation | Profile | |
| Hallgeir Ostrem | Ex Procurement | Profile | |
| Kjetil Hoff | Chief Officer | Profile |