ABL Group Correlations
| ABL Stock | 9.64 0.02 0.21% |
The current 90-days correlation between ABL Group ASA and Prosafe SE is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABL Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABL Group ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ABL Group Correlation With Market
Poor diversification
The correlation between ABL Group ASA and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABL Group ASA and DJI in the same portfolio, assuming nothing else is changed.
ABL |
The ability to find closely correlated positions to ABL Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABL Group 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 ABL Group - 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 ABL Group ASA to buy it.
Moving together with ABL Stock
| 0.79 | AKER | Aker ASA | PairCorr |
| 0.86 | SUBC | Subsea 7 SA | PairCorr |
| 0.86 | AKSO | Aker Solutions ASA | PairCorr |
| 0.75 | TGS | TGS NOPEC Geophysical | PairCorr |
| 0.7 | BWO | BW Offshore | PairCorr |
| 0.71 | SOFF | Solstad Offsho | PairCorr |
| 0.92 | AKAST | Akastor ASA | PairCorr |
| 0.78 | PPG | Pioneer Property | PairCorr |
| 0.84 | YAR | Yara International ASA | PairCorr |
| 0.79 | WWI | Wilh Wilhelmsen Holding | PairCorr |
| 0.8 | HSHP | Himalaya Shipping | PairCorr |
| 0.75 | EAM | EAM Solar ASA | PairCorr |
| 0.84 | CADLR | Cadeler As | PairCorr |
| 0.78 | KRAB | Kraft Bank Asa | PairCorr |
| 0.75 | AFK | Arendals Fossekompani ASA | PairCorr |
| 0.82 | WAWI | Wallenius Wilhelmsen | PairCorr |
| 0.85 | ARR | Arribatec Solutions ASA | PairCorr |
| 0.64 | SPOG | Sparebanken Ost | PairCorr |
| 0.61 | VEI | Veidekke ASA | PairCorr |
| 0.73 | ADS | ADS Maritime Holding | PairCorr |
| 0.81 | BWLPG | BW LPG | PairCorr |
| 0.76 | OKEA | Okea ASA | PairCorr |
| 0.91 | ELIMP | Elektroimportoren | PairCorr |
Moving against ABL Stock
| 0.78 | QEC | Questerre Energy | PairCorr |
| 0.75 | KMCP | Kmc Properties ASA Split | PairCorr |
| 0.52 | PARB | Pareto Bank ASA | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between ABL Stock performing well and ABL Group 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 ABL Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRS | 2.22 | 0.14 | 0.03 | 1.86 | 2.56 | 4.42 | 12.71 | |||
| NORAM | 1.12 | 0.36 | 0.26 | (1.07) | 0.74 | 2.75 | 9.74 | |||
| SDSD | 0.49 | 0.03 | (0.05) | (0.12) | 0.52 | 1.61 | 4.33 | |||
| EIOF | 1.29 | 0.10 | 0.03 | (0.98) | 1.30 | 2.83 | 7.58 | |||
| QEC | 1.86 | (0.30) | 0.00 | 0.34 | 0.00 | 3.98 | 22.37 | |||
| PSE | 1.90 | 0.00 | (0.02) | 0.05 | 2.21 | 4.82 | 12.76 | |||
| EMGS | 7.85 | 0.65 | 0.06 | 1.02 | 8.22 | 18.18 | 93.21 | |||
| NOL | 1.80 | 0.80 | 0.54 | (0.78) | 0.66 | 2.78 | 43.11 | |||
| REACH | 1.86 | 0.01 | (0.01) | 0.09 | 2.51 | 4.26 | 16.96 | |||
| DVD | 1.24 | 0.05 | 0.00 | (1.39) | 1.57 | 2.51 | 7.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ABL Group 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?
Run Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
| All Next | Launch Module |
ABL Group Corporate Management
Elected by the shareholders, the ABL Group's board of directors comprises two types of representatives: ABL Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ABL. The board's role is to monitor ABL Group's management team and ensure that shareholders' interests are well served. ABL Group'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, ABL Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dean Zuzic | Chief Officer | Profile | |
| Bader Diab | Chief Officer | Profile | |
| John MacAskill | Group Director | Profile | |
| Rodger Dickson | Group Operations | Profile | |
| Philip Lenox | Regional Pacific | Profile | |
| Haakon Brandrud | Director Devel | Profile | |
| Svein Staalen | G Counsel | Profile |