ISS AS Correlations

ISS Stock  DKK 128.00  0.70  0.54%   
The current 90-days correlation between ISS AS and GN Store Nord is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ISS AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISS AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ISS AS Correlation With Market

Significant diversification

The correlation between ISS AS and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ISS AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ISS AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISS AS 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 ISS AS - 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 ISS AS to buy it.

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in ISS AS 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.

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ISS AS Corporate Management

Elected by the shareholders, the ISS AS's board of directors comprises two types of representatives: ISS AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ISS. The board's role is to monitor ISS AS's management team and ensure that shareholders' interests are well served. ISS AS'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, ISS AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bjrn RaasteenSr CounselProfile
Kasper FangelGroup BoardProfile
Markus SontheimerChief OfficerProfile
Kenni LethHead RelationsProfile
Corinna RefsgaardGroup Chief People & Culture Officer, Member of the Executive Group ManagementProfile