Sparebanken Ost Correlations

SPOG Stock

NOK 81.40 0.60 0.74%

The current 90-days correlation between Sparebanken Ost and BW Offshore is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sparebanken Ost moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparebanken Ost moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sparebanken Ost Correlation With Market

Good diversification

The correlation between Sparebanken Ost 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 Sparebanken Ost and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sparebanken Ost could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparebanken Ost 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 Sparebanken Ost - 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 Sparebanken Ost to buy it.

Moving together with Sparebanken Stock

0.72

AKER

Aker ASA

Pair Corr

Moving against Sparebanken Stock

0.71	BAKKA	Pf Bakkafrost	Pair Corr
0.64	SNI	Stolt Nielsen Limited	Pair Corr

Related Correlations Analysis

	PROXI	BWO	AURG	SOGN	MOBA	MING	INSTA	AWDR
PROXI		0.19	-0.67	0.56	-0.5	-0.57	-0.5	0.18	PROXI
BWO	0.19		0.23	0.55	-0.05	0.47	0.54	0.42	BWO
AURG	-0.67	0.23		-0.34	0.38	0.74	0.77	0.05	AURG
SOGN	0.56	0.55	-0.34		-0.28	0.03	0.0	0.5	SOGN
MOBA	-0.5	-0.05	0.38	-0.28		0.37	0.39	-0.32	MOBA
MING	-0.57	0.47	0.74	0.03	0.37		0.84	0.2	MING
INSTA	-0.5	0.54	0.77	0.0	0.39	0.84		0.07	INSTA
AWDR	0.18	0.42	0.05	0.5	-0.32	0.2	0.07		AWDR
	PROXI	BWO	AURG	SOGN	MOBA	MING	INSTA	AWDR

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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

INSTA	+ 0.84	MING
INSTA	+ 0.77	AURG
MING	+ 0.74	AURG
SOGN	+ 0.56	PROXI
SOGN	+ 0.55	BWO
INSTA	+ 0.54	BWO

High negative correlations

AURG	- 0.67	PROXI
MING	- 0.57	PROXI
INSTA	- 0.5	PROXI
MOBA	- 0.5	PROXI
SOGN	- 0.34	AURG
AWDR	- 0.32	MOBA

Risk-Adjusted Indicators

There is a big difference between Sparebanken Stock performing well and Sparebanken Ost 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 Sparebanken Ost'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
PROXI	1.73	(0.01)	0.02	0.07	2.17	(1.91)	3.71	(3.53)	12.55
BWO	1.44	0.24	0.16	0.80	1.57	(1.77)	3.97	(2.72)	11.44
AURG	0.73	0.12	0.12	0.46	0.82	(1.07)	2.32	(1.68)	6.98
SOGN	2.51	0.06	0.04	0.72	2.84	(2.92)	6.07	(5.39)	13.53
MOBA	1.47	0.14	0.12	(1.02)	1.51	(1.95)	6.71	(2.36)	10.88
MING	0.70	0.19	0.25	0.86	0.70	(0.78)	1.74	(1.88)	4.21
INSTA	1.12	0.15	0.14	(1.61)	1.27	(1.40)	2.97	(2.01)	8.34
AWDR	2.04	(0.10)	0.00	(1.34)	0.00	0.00	8.11	(6.69)	19.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sparebanken Ost 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.

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Sparebanken Ost Corporate Management

Elected by the shareholders, the Sparebanken Ost's board of directors comprises two types of representatives: Sparebanken Ost inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebanken. The board's role is to monitor Sparebanken Ost's management team and ensure that shareholders' interests are well served. Sparebanken Ost'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, Sparebanken Ost's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kirsten stbyDeglum	Director Legal	Profile
Frode Lindbeck	Chief Trustee	Profile
Ole Sivertsen	Director Sales	Profile
Arne Stokke	Director	Profile
Kristoffer Volden	Chief Office	Profile

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