Photocure Correlations
| PHO Stock | NOK 53.80 0.50 0.92% |
The current 90-days correlation between Photocure and Sparebanken Ost is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Photocure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Photocure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Photocure Correlation With Market
Average diversification
The correlation between Photocure and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Photocure and DJI in the same portfolio, assuming nothing else is changed.
Photocure |
The ability to find closely correlated positions to Photocure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Photocure 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 Photocure - 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 Photocure to buy it.
Moving against Photocure Stock
| 0.69 | TEL | Telenor ASA | PairCorr |
| 0.69 | NISB | Nidaros Sparebank | PairCorr |
| 0.63 | AZT | Arcticzymes Technologies | PairCorr |
| 0.61 | CAMBI | Cambi ASA | PairCorr |
| 0.59 | NOD | Nordic Semiconductor ASA | PairCorr |
| 0.56 | PROT | Protector Forsikring ASA | PairCorr |
| 0.56 | ACR | Axactor SE | PairCorr |
| 0.55 | EPR | Europris ASA | PairCorr |
| 0.54 | AKER | Aker ASA | PairCorr |
| 0.52 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.51 | ZAL | Zalaris ASA | PairCorr |
| 0.51 | HBC | Hofseth Biocare ASA | PairCorr |
| 0.51 | BIEN | Bien Sparebank ASA | PairCorr |
| 0.48 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.46 | INSTA | Instabank ASA | PairCorr |
| 0.45 | BFISH | Biofish Holding AS | PairCorr |
| 0.41 | HELG | Helgeland Sparebank | PairCorr |
| 0.4 | AMSC | American Shipping | PairCorr |
| 0.35 | AKRBP | Aker BP ASA | PairCorr |
| 0.69 | KIT | Kitron ASA | PairCorr |
| 0.68 | NONG | Sparebank 1 Nord | PairCorr |
| 0.62 | JAREN | Jaeren Sparebank | PairCorr |
| 0.62 | VVL | Voss Veksel og | PairCorr |
| 0.61 | YAR | Yara International ASA | PairCorr |
| 0.6 | PARB | Pareto Bank ASA | PairCorr |
| 0.6 | EQVA | Eqva ASA | PairCorr |
| 0.59 | GJF | Gjensidige Forsikring ASA | PairCorr |
| 0.59 | MELG | Melhus Sparebank | PairCorr |
| 0.57 | QEC | Questerre Energy | PairCorr |
| 0.57 | SNOR | Sparebank 1 Nordvest | PairCorr |
| 0.56 | DNO | Dno ASA | 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 Photocure Stock performing well and Photocure 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 Photocure'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 | 0.28 | 0.28 | (7.60) | 1.06 | 2.82 | 8.52 | |||
| ROMER | 0.89 | 0.16 | 0.16 | 1.21 | 0.89 | 2.19 | 8.51 | |||
| NAPA | 2.38 | (0.23) | 0.00 | (0.48) | 0.00 | 4.35 | 25.74 | |||
| JAREN | 0.73 | 0.19 | 0.20 | 0.88 | 0.79 | 1.82 | 6.94 | |||
| XPLRA | 2.07 | (0.03) | 0.00 | (0.14) | 0.00 | 3.70 | 15.32 | |||
| CLOUD | 1.03 | (0.12) | 0.00 | (0.38) | 0.00 | 2.39 | 7.75 | |||
| SUNSB | 0.99 | 0.01 | 0.08 | (0.14) | 1.23 | 2.46 | 7.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Photocure 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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Photocure Corporate Management
Elected by the shareholders, the Photocure's board of directors comprises two types of representatives: Photocure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Photocure. The board's role is to monitor Photocure's management team and ensure that shareholders' interests are well served. Photocure'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, Photocure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tolv Hillestad | Group Controller | Profile | |
| Erik Dahl | Chief Officer | Profile | |
| Patricia Kelly | VP HR | Profile | |
| David Moskowitz | Head Relations | Profile | |
| Anders Neijber | Clinical Affairs | Profile | |
| Kari MD | Head Devel | Profile |