| AKSO Stock | | | NOK 31.60 0.30 0.96% |
The current 90-days correlation between Aker Solutions ASA and Subsea 7 SA is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aker Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker Solutions ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aker Solutions Correlation With Market
Very good diversification
The correlation between Aker Solutions ASA and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aker Solutions ASA and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Aker Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker Solutions 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 Aker Solutions - 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 Aker Solutions ASA to buy it.
Moving together with Aker Stock
Moving against Aker Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Aker Stock performing well and Aker Solutions 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 Aker Solutions' 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 Aker Solutions 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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Aker Solutions Corporate Management
Elected by the shareholders, the Aker Solutions' board of directors comprises two types of representatives: Aker Solutions inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aker. The board's role is to monitor Aker Solutions' management team and ensure that shareholders' interests are well served. Aker Solutions' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aker Solutions' outside directors are responsible for providing unbiased perspectives on the board's policies.