Opera Correlations

2V8 Stock

EUR 10.70 0.04 0.37%

The current 90-days correlation between Opera Limited and LIFENET INSURANCE CO is 0.18 (i.e., Average diversification). The correlation of Opera is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Opera Correlation With Market

Significant diversification

The correlation between Opera Limited and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Opera Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Opera Stock

0.46	SNB1	SOCKET MOBILE NEW	Pair Corr
0.45	HCMA	HITACHI CONSTRMACHADR/2	Pair Corr
0.39	8SF	SLIGRO FOOD GROUP	Pair Corr
0.37	MM2	Mercator Medical	Pair Corr
0.37	TTO	TTL Beteiligungs und	Pair Corr
0.31	QIA	QIAGEN NV Split	Pair Corr

Related Correlations Analysis

	7XJ	WSV2	C53	UN9	EEW	WSV2	SV2	H0O
7XJ		0.11	0.0	0.07	0.13	0.12	0.02	0.55	7XJ
WSV2	0.11		0.49	0.88	0.69	0.99	0.74	0.68	WSV2
C53	0.0	0.49		0.43	0.24	0.5	0.33	0.3	C53
UN9	0.07	0.88	0.43		0.85	0.87	0.67	0.58	UN9
EEW	0.13	0.69	0.24	0.85		0.68	0.66	0.61	EEW
WSV2	0.12	0.99	0.5	0.87	0.68		0.75	0.69	WSV2
SV2	0.02	0.74	0.33	0.67	0.66	0.75		0.58	SV2
H0O	0.55	0.68	0.3	0.58	0.61	0.69	0.58		H0O
	7XJ	WSV2	C53	UN9	EEW	WSV2	SV2	H0O

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

WSV2	+ 0.99	WSV2
UN9	+ 0.88	WSV2
WSV2	+ 0.87	UN9
EEW	+ 0.85	UN9
SV2	+ 0.75	WSV2
SV2	+ 0.74	WSV2

High negative correlations

C53

- 0.0

7XJ

Risk-Adjusted Indicators

There is a big difference between Opera Stock performing well and Opera 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 Opera'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
7XJ	1.55	0.08	(0.02)	(0.19)	1.55	(2.20)	3.96	(2.86)	8.86
WSV2	1.72	0.61	0.31	5.17	1.04	(2.41)	6.44	(2.41)	11.82
C53	2.07	0.18	0.02	0.40	2.81	(7.07)	6.25	(5.88)	26.11
UN9	1.28	0.27	0.15	0.54	1.21	(1.56)	3.03	(2.55)	8.76
EEW	1.41	0.60	0.21	(1.39)	1.19	(2.08)	3.66	(2.61)	11.21
WSV2	1.66	0.61	0.30	11.71	1.07	(2.01)	4.55	(2.30)	10.66
SV2	1.25	0.20	0.08	7.29	1.09	(1.75)	2.82	(2.08)	7.06
H0O	2.57	0.68	0.10	(0.79)	3.65	(2.71)	9.33	(9.22)	24.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Opera 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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Opera Corporate Management

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

Julia Szyndzielorz	PR Mang	Profile
Matthew Wolfson	Head Relations	Profile
Per Wetterdal	Executive Commercial	Profile
Lin Song	CoChief Officer	Profile
Frode Jacobsen	Chief Officer	Profile
Aaron McParlan	General Counsel	Profile

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