Alternus Energy Correlations
| ALT Stock | 0.38 0.02 5.00% |
The current 90-days correlation between Alternus Energy Group and North Energy ASA is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alternus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alternus Energy Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Alternus Energy Correlation With Market
Good diversification
The correlation between Alternus Energy Group and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alternus Energy Group and DJI in the same portfolio, assuming nothing else is changed.
Alternus |
The ability to find closely correlated positions to Alternus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alternus Energy 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 Alternus Energy - 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 Alternus Energy Group to buy it.
Moving together with Alternus Stock
Moving against Alternus Stock
| 0.86 | ANDF | Andfjord Salmon AS | PairCorr |
| 0.81 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.73 | RING | Sparebank 1 Ringerike | PairCorr |
| 0.69 | AKER | Aker ASA | PairCorr |
| 0.68 | BAKKA | Pf Bakkafrost | PairCorr |
| 0.66 | REACH | Reach Subsea | PairCorr |
| 0.57 | MGN | Magnora ASA | PairCorr |
| 0.43 | PYRUM | Pyrum Innovations | PairCorr |
| 0.38 | SALM | SalMar ASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alternus Stock performing well and Alternus Energy 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 Alternus Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALT | 9.60 | (0.93) | 0.00 | 0.39 | 0.00 | 16.67 | 97.06 | |||
| ELK | 1.64 | (0.19) | 0.00 | (0.28) | 0.00 | 3.38 | 12.04 | |||
| IWS | 1.26 | (0.11) | 0.00 | (0.76) | 0.00 | 3.00 | 15.36 | |||
| VOW | 5.18 | (1.31) | 0.00 | (0.87) | 0.00 | 7.78 | 66.61 | |||
| NORTH | 1.21 | 0.12 | (0.01) | (1.26) | 1.52 | 2.88 | 7.51 | |||
| AZT | 1.94 | (0.46) | 0.00 | 0.79 | 0.00 | 4.29 | 25.36 | |||
| XXL | 4.72 | (1.56) | 0.00 | 0.34 | 0.00 | 5.00 | 71.13 | |||
| EQNR | 1.39 | (0.01) | 0.00 | 0.19 | 0.00 | 2.88 | 8.36 | |||
| MING | 0.66 | 0.04 | (0.08) | 0.45 | 0.80 | 1.36 | 4.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alternus Energy 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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ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
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Alternus Energy Corporate Management
Elected by the shareholders, the Alternus Energy's board of directors comprises two types of representatives: Alternus Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alternus. The board's role is to monitor Alternus Energy's management team and ensure that shareholders' interests are well served. Alternus Energy'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, Alternus Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Farrell | Chief Officer | Profile | |
| Taliesin Durant | Chief Officer | Profile | |
| Gita Shah | Chief Officer | Profile | |
| Bram Broshius | Head Devel | Profile | |
| Neil Shah | Group Controller | Profile | |
| Gary Swan | Chief Officer | Profile | |
| Joseph Duey | Chief Officer | Profile |