Kongsberg Gruppen Correlations
| NSKFF Stock | USD 107.68 0.00 0.00% |
The current 90-days correlation between Kongsberg Gruppen ASA and Kratos Defense Security is 0.23 (i.e., Modest diversification). The correlation of Kongsberg Gruppen 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.
Kongsberg Gruppen Correlation With Market
Good diversification
The correlation between Kongsberg Gruppen ASA and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kongsberg Gruppen ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Kongsberg Gruppen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kongsberg Gruppen 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 Kongsberg Gruppen - 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 Kongsberg Gruppen ASA to buy it.
Moving against Kongsberg Pink Sheet
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| 0.37 | NOC | Northrop Grumman Earnings Call Tomorrow | PairCorr |
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| 0.35 | RTX | Raytheon Technologies Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | PPERF | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.35 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.34 | PBCRY | Bank Central Asia Earnings Call This Week | PairCorr |
| 0.33 | TDG | Transdigm Group | PairCorr |
| 0.33 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.46 | JNJ | Johnson Johnson Earnings Call Today | PairCorr |
| 0.35 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.32 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kongsberg Pink Sheet performing well and Kongsberg Gruppen 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 Kongsberg Gruppen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RGR | 1.11 | (0.23) | 0.00 | (0.40) | 0.00 | 2.05 | 7.47 | |||
| POWW | 3.42 | 0.49 | 0.13 | 0.50 | 3.27 | 8.20 | 20.59 | |||
| KTOS | 2.26 | 0.51 | 0.18 | 0.58 | 2.32 | 6.03 | 17.86 | |||
| AJRD | 0.33 | (0.01) | 0.00 | 0.19 | 0.00 | 0.77 | 2.16 | |||
| VSEC | 2.01 | 0.22 | 0.08 | 1.47 | 2.13 | 3.61 | 24.09 | |||
| RKLB | 5.00 | 1.95 | 0.37 | 1.64 | 4.10 | 12.58 | 41.53 | |||
| RDW | 5.15 | 1.85 | 0.36 | 0.99 | 3.89 | 13.22 | 28.16 | |||
| ASTR | 2.55 | (0.07) | 0.00 | (0.24) | 0.00 | 5.17 | 15.15 | |||
| LLAP | 4.12 | (1.34) | 0.00 | (0.54) | 0.00 | 4.17 | 51.59 |
Be your own money manager
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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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Kongsberg Gruppen Corporate Management
| Even Aas | Group Executive VP of Public Affairs | Profile | |
| Iver Olerud | Group Devel | Profile | |
| Lene Svenne | Co Officer | Profile | |
| Christian Karde | Group Counsel | Profile |