Tekna Holding Correlations
| TEKNA Stock | NOK 3.99 0.16 4.18% |
The current 90-days correlation between Tekna Holding AS and Elkem ASA is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tekna Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tekna Holding AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tekna Holding Correlation With Market
Very good diversification
The correlation between Tekna Holding AS and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tekna Holding AS and DJI in the same portfolio, assuming nothing else is changed.
Tekna |
The ability to find closely correlated positions to Tekna Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tekna Holding 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 Tekna Holding - 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 Tekna Holding AS to buy it.
Moving together with Tekna Stock
| 0.76 | BRG | Borregaard ASA | PairCorr |
| 0.9 | BCS | Bergen Carbon Solutions | PairCorr |
| 0.73 | HRGI | Horisont Energi AS | PairCorr |
Moving against Tekna Stock
| 0.81 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.77 | DNB | DnB ASA | PairCorr |
| 0.46 | NHY | Norsk Hydro ASA | PairCorr |
| 0.31 | AUSS | Austevoll Seafood ASA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Tekna Stock performing well and Tekna Holding 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 Tekna Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELK | 1.47 | 0.06 | 0.01 | 0.23 | 1.79 | 3.38 | 12.04 | |||
| BRG | 1.12 | (0.16) | 0.00 | (0.28) | 0.00 | 2.71 | 7.29 | |||
| TEKNA | 3.54 | (0.11) | 0.00 | 0.15 | 0.00 | 5.97 | 23.05 | |||
| BCS | 2.77 | (0.63) | 0.00 | (0.53) | 0.00 | 6.87 | 20.83 | |||
| HRGI | 2.90 | (0.21) | 0.00 | (0.29) | 0.00 | 7.14 | 26.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tekna Holding 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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Tekna Holding Corporate Management
Elected by the shareholders, the Tekna Holding's board of directors comprises two types of representatives: Tekna Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tekna. The board's role is to monitor Tekna Holding's management team and ensure that shareholders' interests are well served. Tekna Holding'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, Tekna Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arina Oost | Innovation Devel | Profile | |
| Luc Dionne | Chief Officer | Profile | |
| Rmy Pontone | VP Marketing | Profile | |
| Etienne Villeneuve | VP Operations | Profile | |
| Serge Blackburn | Chief Officer | Profile | |
| Sophie Burgaud | VP Affairs | Profile |