Airthings ASA Correlations
| ARTGF Stock | USD 0.04 0.00 0.00% |
The current 90-days correlation between Airthings ASA and Butler National Corp is -0.56 (i.e., Excellent diversification). The correlation of Airthings ASA 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.
Airthings ASA Correlation With Market
Pay attention - limited upside
The correlation between Airthings ASA and DJI is -0.82 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airthings ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Airthings ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airthings ASA 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 Airthings ASA - 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 Airthings ASA to buy it.
Moving together with Airthings Pink Sheet
Moving against Airthings Pink Sheet
| 0.8 | BNKHF | BOC Hong Kong | PairCorr |
| 0.76 | MIELY | Mitsubishi Electric Corp | PairCorr |
| 0.74 | MIELF | Mitsubishi Electric | PairCorr |
| 0.73 | OBYCF | Obayashi Earnings Call This Week | PairCorr |
| 0.71 | GNTX | Gentex | PairCorr |
| 0.65 | FCAP | First Capital Downward Rally | PairCorr |
| 0.63 | ABLZF | ABB | PairCorr |
| 0.63 | SECVY | Seche Environnement | PairCorr |
| 0.57 | RILYL | B Riley Financial | PairCorr |
| 0.49 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.41 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.41 | NFG | National Fuel Gas | PairCorr |
| 0.35 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
| 0.33 | SHPHF | Sihuan Pharmaceutical | 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 Airthings Pink Sheet performing well and Airthings ASA 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 Airthings ASA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFGYF | 3.10 | 0.93 | 0.00 | (2.05) | 0.00 | 10.00 | 52.08 | |||
| SSCFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DBMG | 1.89 | 0.95 | 0.00 | 2.38 | 0.00 | 0.00 | 48.84 | |||
| BUKS | 2.43 | 0.34 | 0.11 | 0.90 | 2.44 | 6.60 | 22.24 | |||
| TGHLF | 0.49 | 0.06 | 0.00 | 0.71 | 0.48 | 1.50 | 6.04 | |||
| AGXXF | 1.95 | 0.16 | 0.00 | (0.22) | 0.00 | 5.00 | 44.13 | |||
| CSCMY | 3.69 | 0.39 | 0.05 | 0.39 | 4.88 | 10.00 | 28.86 | |||
| GKPRF | 2.53 | (0.66) | 0.00 | (0.28) | 0.00 | 5.26 | 15.82 | |||
| QNTFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALFNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Airthings ASA 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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Airthings ASA Corporate Management
| Anlaug Underdal | Staff Member | Profile | |
| Tore Rismyhr | Sales Member | Profile | |
| Oyvind Birkenes | Chief Officer | Profile | |
| Jeremy Gerst | Chief Officer | Profile | |
| Erlend Bolle | Chief Officer | Profile | |
| Torje Carlsson | VP Consumer | Profile | |
| Anita Overbekk | Director HR | Profile |