Icelandic Salmon Correlations
| ISLAX Stock | NOK 102.00 4.00 3.77% |
The current 90-days correlation between Icelandic Salmon and Ice Fish Farm is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icelandic Salmon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icelandic Salmon As moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Icelandic Salmon Correlation With Market
Significant diversification
The correlation between Icelandic Salmon As and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icelandic Salmon As and DJI in the same portfolio, assuming nothing else is changed.
Icelandic |
The ability to find closely correlated positions to Icelandic Salmon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icelandic Salmon 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 Icelandic Salmon - 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 Icelandic Salmon As to buy it.
Moving together with Icelandic Stock
| 0.78 | MAS | Masoval AS | PairCorr |
| 0.8 | AFISH | Arctic Fish Holding | PairCorr |
| 0.7 | SALME | Salmon Evolution Holding | PairCorr |
Moving against Icelandic Stock
Related Correlations Analysis
| 0.65 | 0.63 | 0.57 | 0.83 | IFISH | ||
| 0.65 | 0.51 | 0.55 | 0.79 | AFISH | ||
| 0.63 | 0.51 | 0.82 | 0.81 | SALME | ||
| 0.57 | 0.55 | 0.82 | 0.79 | GSF | ||
| 0.83 | 0.79 | 0.81 | 0.79 | BAKKA | ||
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Risk-Adjusted Indicators
There is a big difference between Icelandic Stock performing well and Icelandic Salmon 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 Icelandic Salmon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IFISH | 2.64 | (0.43) | 0.00 | 0.73 | 0.00 | 5.84 | 18.00 | |||
| AFISH | 2.04 | (0.14) | 0.00 | 0.79 | 0.00 | 5.56 | 13.81 | |||
| SALME | 1.13 | (0.07) | 0.00 | (0.28) | 0.00 | 2.81 | 8.98 | |||
| GSF | 2.56 | (0.08) | 0.00 | (0.11) | 0.00 | 4.96 | 34.66 | |||
| BAKKA | 1.02 | (0.30) | 0.00 | (0.60) | 0.00 | 1.89 | 7.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Icelandic Salmon 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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Icelandic Salmon Corporate Management
Elected by the shareholders, the Icelandic Salmon's board of directors comprises two types of representatives: Icelandic Salmon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Icelandic. The board's role is to monitor Icelandic Salmon's management team and ensure that shareholders' interests are well served. Icelandic Salmon'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, Icelandic Salmon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Silja Baldvinsdttir | Quality Mang | Profile | |
| Bjrn Hembre | Chief Officer | Profile | |
| Jonas Birgisson | Chief Officer | Profile | |
| Hannibal Hafberg | Chief Plant | Profile | |
| Jnundsson | CBDO Devel | Profile | |
| Rolf Nordli | Chief Biology | Profile | |
| Kjersti Haugen | CSO Sales | Profile |