Nordhealth Correlations
| NORDH Stock | 37.70 2.30 5.75% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordhealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordhealth AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nordhealth Correlation With Market
Average diversification
The correlation between Nordhealth AS and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nordhealth AS and DJI in the same portfolio, assuming nothing else is changed.
Nordhealth |
The ability to find closely correlated positions to Nordhealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordhealth 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 Nordhealth - 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 Nordhealth AS to buy it.
Moving against Nordhealth Stock
| 0.52 | SKUE | Skue Sparebank | PairCorr |
| 0.48 | SPOG | Sparebanken Ost | PairCorr |
| 0.47 | MELG | Melhus Sparebank | PairCorr |
| 0.44 | CONTX | ContextVision AB | PairCorr |
| 0.44 | TEL | Telenor ASA | PairCorr |
| 0.42 | AZT | Arcticzymes Technologies | PairCorr |
| 0.41 | MING | Sparebank 1 SMN | PairCorr |
| 0.41 | NONG | Sparebank 1 Nord | PairCorr |
| 0.4 | DNB | DnB ASA | PairCorr |
| 0.4 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.4 | SOFTX | SoftOx Solutions | PairCorr |
| 0.39 | NORBT | Norbit ASA | PairCorr |
| 0.36 | SOR | Sparebanken Sor | PairCorr |
| 0.35 | EAM | EAM Solar ASA | PairCorr |
| 0.34 | ABS | Arctic Bioscience | PairCorr |
| 0.32 | AKBM | Aker Biomarine AS | PairCorr |
| 0.31 | ROMER | Romerike Sparebank | PairCorr |
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 Nordhealth 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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| All Next | Launch Module |
Nordhealth Corporate Management
Elected by the shareholders, the Nordhealth's board of directors comprises two types of representatives: Nordhealth inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nordhealth. The board's role is to monitor Nordhealth's management team and ensure that shareholders' interests are well served. Nordhealth'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, Nordhealth's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Valter Pasanen | Chief Unit | Profile | |
| Hanna Chiorazzo | Chief Officer | Profile | |
| Mari Orttenvuori | Chief Officer | Profile | |
| Olli Venemies | Chief Member | Profile | |
| Janne Huttunen | Chief Member | Profile | |
| Charles MacBain | Chief Officer | Profile |