SPAREBK 1 Correlations

Stocks . Germany . 
Stock . SPAREBK 1 NORD NORGE
93S Stock  EUR 10.75  0.05  0.47%   
The current 90-days correlation between SPAREBK 1 NORD and GungHo Online Entertainment is -0.04 (i.e., Good diversification). The correlation of SPAREBK 1 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.

SPAREBK 1 Correlation With Market

Good diversification

The correlation between SPAREBK 1 NORD NORGE and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPAREBK 1 NORD NORGE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SPAREBK 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPAREBK 1 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 SPAREBK 1 - 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 SPAREBK 1 NORD NORGE to buy it.

Moving together with SPAREBK Stock

  0.723YB Postal Savings BankPairCorr
  0.85OCBB OVERSEA CHINUNSPADR/2PairCorr
  0.84OCBA Oversea-Chinese BankingLimitedPairCorr
  0.75UOB0 UTD OV BKPairCorr
  0.73DBK Deutsche Bank AktienPairCorr
  0.84FHL Federal Home LoanPairCorr
  0.72W8V Bank of China LimitedPairCorr
  0.67APC Apple IncPairCorr
  0.82RHM Rheinmetall AGPairCorr
  0.7MSF MicrosoftPairCorr
  0.72CE1 Perdoceo EducationPairCorr
  0.68SDP Summit Hotel PropertiesPairCorr
  0.69BN9 Bank of New York MellonPairCorr
  0.76XKR KAR Auction ServicesPairCorr
  0.8TL0 Tesla Inc Earnings Call This WeekPairCorr
  0.86C8C Consolidated CommunicationsPairCorr
  0.78Z56 QINGCI GAMES INCPairCorr
  0.84GIFN GigaMediaPairCorr
  0.73NH5 NH HOTEL GROUPPairCorr
  0.9KEL Kellogg CompanyPairCorr
  0.84SNQB SANOMA DusseldorfPairCorr
  0.67IFX Infineon TechnologiesPairCorr
  0.64FOO SalesforcePairCorr

Moving against SPAREBK Stock

  0.49KBIA KB Financial GroupPairCorr
  0.35LLD2 Lloyds Banking GroupPairCorr

Related Correlations Analysis

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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   
1ZO
+ 0.82
4H7
GS2C
+ 0.75
FOO0
5HS
+ 0.3
G03
1ZO
+ 0.06
G03
4H7
+ 0.0
4P7
G03
+ 0.0
4P7
  
High negative correlations   
GS2C
- 0.78
4H7
GS2C
- 0.77
1ZO
FOO0
- 0.6
5HS
FOO0
- 0.48
1ZO
FOO0
- 0.39
4H7
FOO0
- 0.26
G03

Risk-Adjusted Indicators

There is a big difference between SPAREBK Stock performing well and SPAREBK 1 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 SPAREBK 1'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 SPAREBK 1 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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SPAREBK 1 Corporate Management

Elected by the shareholders, the SPAREBK 1's board of directors comprises two types of representatives: SPAREBK 1 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SPAREBK. The board's role is to monitor SPAREBK 1's management team and ensure that shareholders' interests are well served. SPAREBK 1'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, SPAREBK 1's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sonja DjonneIndependent DirectorProfile
Geir AndreassenExecutive Vice President Technology and ProcessProfile
Kjetil BerntsenDirector, Employee RepresentativeProfile
Kjersti StormoIndependent DirectorProfile
Vivi PedersenDirector, Employee RepresentativeProfile
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