Ocean Sun Correlations
| OSUN Stock | NOK 1.47 0.01 0.68% |
The current 90-days correlation between Ocean Sun As and Sunndal Sparebank is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocean Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Sun As moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ocean Sun Correlation With Market
Weak diversification
The correlation between Ocean Sun As and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ocean Sun As and DJI in the same portfolio, assuming nothing else is changed.
Ocean |
The ability to find closely correlated positions to Ocean Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Sun 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 Ocean Sun - 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 Ocean Sun As to buy it.
Moving together with Ocean Stock
| 0.69 | CLOUD | Cloudberry Clean Energy | PairCorr |
| 0.61 | IWS | Integrated Wind Solutions | PairCorr |
| 0.69 | SCHA | Schibsted ASA A | PairCorr |
| 0.73 | VAR | Var Energi ASA | PairCorr |
Moving against Ocean Stock
| 0.79 | ORK | Orkla ASA | PairCorr |
| 0.78 | TEL | Telenor ASA | PairCorr |
| 0.77 | DNB | DnB ASA | PairCorr |
| 0.75 | ELK | Elkem ASA | PairCorr |
| 0.69 | OTOVO | Otovo AS | PairCorr |
| 0.67 | SPOG | Sparebanken Ost | PairCorr |
| 0.66 | HSPG | Holand og Setskog | PairCorr |
| 0.38 | NHY | Norsk Hydro ASA | PairCorr |
| 0.34 | AKER | Aker ASA | PairCorr |
| 0.33 | ODL | Odfjell Drilling | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Ocean Stock performing well and Ocean Sun 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 Ocean Sun'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPOG | 1.05 | 0.27 | 0.28 | (1.63) | 1.06 | 2.82 | 8.52 | |||
| SUNSB | 1.01 | 0.07 | 0.08 | 0.30 | 1.23 | 2.46 | 7.28 | |||
| GRONG | 0.47 | 0.02 | 0.14 | (0.25) | 0.54 | 1.59 | 4.52 | |||
| INSTA | 1.08 | 0.13 | 0.14 | (1.88) | 1.24 | 2.97 | 8.34 | |||
| SEA1 | 2.35 | 0.06 | 0.03 | 0.00 | 3.08 | 4.62 | 32.00 | |||
| BIEN | 1.71 | 0.18 | 0.13 | (1.39) | 1.68 | 5.13 | 16.39 | |||
| ODL | 1.39 | 0.31 | 0.19 | 0.48 | 1.55 | 3.36 | 12.13 | |||
| GSF | 2.44 | (0.11) | 0.00 | (0.18) | 0.00 | 4.92 | 34.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ocean Sun 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 |
Ocean Sun Corporate Management
Elected by the shareholders, the Ocean Sun's board of directors comprises two types of representatives: Ocean Sun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocean. The board's role is to monitor Ocean Sun's management team and ensure that shareholders' interests are well served. Ocean Sun'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, Ocean Sun's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karl Lawenius | Chief Officer | Profile | |
| Borge Bjorneklett | Founder CEO | Profile | |
| Ivar Blekastad | Chief Officer | Profile | |
| Arnt Ingulstad | Advisor | Profile | |
| Roar Jakobsen | Interim Officer | Profile | |
| Alexander Telje | Chief Officer | Profile |