Zaptec AS Correlations
| ZAP Stock | 18.41 0.21 1.15% |
The current 90-days correlation between Zaptec AS and Kongsberg Automotive Holding is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zaptec AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zaptec AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Zaptec AS Correlation With Market
Modest diversification
The correlation between Zaptec AS and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zaptec AS and DJI in the same portfolio, assuming nothing else is changed.
Zaptec |
The ability to find closely correlated positions to Zaptec AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zaptec AS 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 Zaptec AS - 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 Zaptec AS to buy it.
Moving together with Zaptec Stock
| 0.86 | DNB | DnB ASA | PairCorr |
| 0.9 | TEL | Telenor ASA | PairCorr |
| 0.84 | MING | Sparebank 1 SMN Earnings Call Tomorrow | PairCorr |
| 0.72 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.72 | ODL | Odfjell Drilling | PairCorr |
| 0.74 | ENSU | Ensurge Micropower ASA | PairCorr |
| 0.7 | HSPG | Holand og Setskog | PairCorr |
| 0.64 | DNO | Dno ASA | PairCorr |
| 0.85 | ORK | Orkla ASA | PairCorr |
| 0.73 | ZENA | Zenith Energy | PairCorr |
| 0.87 | SPOG | Sparebanken Ost | PairCorr |
| 0.87 | MELG | Melhus Sparebank | PairCorr |
| 0.85 | ELK | Elkem ASA | PairCorr |
| 0.88 | NORBT | Norbit ASA | PairCorr |
| 0.67 | ENDUR | Endur ASA | PairCorr |
| 0.82 | NOAP | Nordic Aqua Partners | PairCorr |
Moving against Zaptec Stock
Related Correlations Analysis
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Be your own money manager
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Zaptec AS Corporate Management
Elected by the shareholders, the Zaptec AS's board of directors comprises two types of representatives: Zaptec AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zaptec. The board's role is to monitor Zaptec AS's management team and ensure that shareholders' interests are well served. Zaptec AS'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, Zaptec AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kristian Sther | Fin IR | Profile | |
| Peter BardenflethHansen | Chief Officer | Profile | |
| Martin Malmanger | Chief Officer | Profile | |
| AnnaKarin Andersen | Chief Officer | Profile | |
| Pal Tumyr | Chief Officer | Profile | |
| Knut Braut | Chief Officer | Profile | |
| Kurt Ostrem | Chief Officer | Profile |