| SKUE Stock | | | NOK 360.00 2.00 0.56% |
The current 90-days correlation between Skue Sparebank and Melhus Sparebank is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skue Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skue Sparebank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Skue Sparebank Correlation With Market
Good diversification
The correlation between Skue Sparebank and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skue Sparebank and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Skue Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skue Sparebank 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 Skue Sparebank - 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 Skue Sparebank to buy it.
Moving against Skue Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Skue Stock performing well and Skue Sparebank 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 Skue Sparebank'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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Skue Sparebank 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.
| | Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
Skue Sparebank Corporate Management
Elected by the shareholders, the Skue Sparebank's board of directors comprises two types of representatives: Skue Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Skue. The board's role is to monitor Skue Sparebank's management team and ensure that shareholders' interests are well served. Skue Sparebank'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, Skue Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.