Awilco LNG Correlations
| ALNG Stock | NOK 4.46 0.04 0.90% |
The current 90-days correlation between Awilco LNG ASA and FLEX LNG is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Awilco LNG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Awilco LNG ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Awilco LNG Correlation With Market
Significant diversification
The correlation between Awilco LNG ASA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Awilco LNG ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Awilco LNG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Awilco LNG 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 Awilco LNG - 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 Awilco LNG ASA to buy it.
Moving together with Awilco Stock
Moving against Awilco Stock
Related Correlations Analysis
| 0.52 | 0.51 | 0.22 | 0.14 | FLNG | ||
| 0.52 | 0.74 | 0.79 | 0.79 | BWLPG | ||
| 0.51 | 0.74 | 0.46 | 0.46 | AGAS | ||
| 0.22 | 0.79 | 0.46 | 0.87 | HAFNI | ||
| 0.14 | 0.79 | 0.46 | 0.87 | OET | ||
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Risk-Adjusted Indicators
There is a big difference between Awilco Stock performing well and Awilco LNG 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 Awilco LNG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLNG | 1.18 | (0.05) | 0.00 | (1.49) | 0.00 | 2.35 | 8.34 | |||
| BWLPG | 1.80 | (0.15) | 0.00 | 0.75 | 0.00 | 3.36 | 11.49 | |||
| AGAS | 1.83 | 0.11 | (0.01) | (0.29) | 2.31 | 3.49 | 9.42 | |||
| HAFNI | 1.72 | (0.28) | 0.00 | 1.27 | 0.00 | 3.19 | 10.09 | |||
| OET | 1.86 | (0.38) | 0.00 | (1.88) | 0.00 | 3.90 | 12.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Awilco LNG 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?
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Awilco LNG Corporate Management
Elected by the shareholders, the Awilco LNG's board of directors comprises two types of representatives: Awilco LNG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Awilco. The board's role is to monitor Awilco LNG's management team and ensure that shareholders' interests are well served. Awilco LNG'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, Awilco LNG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ian Walker | Sr. VP of Chartering | Profile | |
| Jan Andersen | Head of Operations | Profile | |
| Per Heiberg | Chief Officer | Profile | |
| Torgeir Skien | Group Controller | Profile |