B2Holding ASA Correlations

B28 Stock

EUR 2.07 0.07 3.50%

The current 90-days correlation between B2Holding ASA and MBIA is -0.18 (i.e., Good diversification). The correlation of B2Holding 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.

B2Holding ASA Correlation With Market

Very poor diversification

The correlation between B2Holding ASA and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B2Holding ASA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to B2Holding 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 B2Holding 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 B2Holding 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 B2Holding ASA to buy it.

Moving together with B2Holding Stock

0.71	41B	Bellway PLC	Pair Corr
0.74	ALV	Allianz SE	Pair Corr
0.81	TWA	TOWA	Pair Corr
0.88	SKNB	Skanska AB	Pair Corr
0.95	ASME	ASML Holding NV	Pair Corr
0.87	NEF	Neste Oyj	Pair Corr
0.86	SZG	Salzgitter AG	Pair Corr
0.76	LA3A	Laureate Education Earnings Call Tomorrow	Pair Corr
0.89	6IC	Iridium Communications	Pair Corr
0.91	10N	Enter Air SA	Pair Corr
0.72	317A	STINGRAY GROUP INC	Pair Corr
0.76	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.94	SVKB	SANDVIK	Pair Corr
0.87	PYCP	Minera Alamos Split	Pair Corr
0.71	TCW	TOKYU STRUCTION	Pair Corr
0.94	ELG	Elmos Semiconductor Earnings Call This Week	Pair Corr
0.87	PAE	PACCAR	Pair Corr
0.89	2G0	Food Life Companies	Pair Corr
0.91	HKT	HK Electric Investments	Pair Corr
0.86	NQG	Monolithic Power Systems	Pair Corr
0.92	43C	CACTUS INC CLA Earnings Call This Week	Pair Corr
0.78	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.91	SII	Wheaton Precious Metals	Pair Corr
0.93	01H	HORIBA	Pair Corr
0.84	3YL	SMARTOPTICS GRP AS Earnings Call Tomorrow	Pair Corr
0.77	PRHA	Prosegur Compaa de	Pair Corr
0.69	CVC1	Carnival plc	Pair Corr
0.9	PPQ	PPG INDUSTRIES	Pair Corr
0.71	6VD	BD MULTI MEDIA Split	Pair Corr
0.91	485B	Amcor PLC Split	Pair Corr
0.88	RATV	Raisio plc	Pair Corr
0.85	3RB	RECKITT BENCK GRP	Pair Corr

Moving against B2Holding Stock

0.63	4AH1	PT Ace Hardware	Pair Corr
0.46	EFF	DTEFFWECHSEL BET Split	Pair Corr
0.76	DBPD	Xtrackers ShortDAX	Pair Corr
0.66	3HB	Hybrigenics Societe	Pair Corr
0.56	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	0S6	TLIK	BT3	MS9	IB5A	MBJ	MBJ	TZO	AJW	9R5
0S6		-0.22	-0.25	0.0	0.37	0.18	-0.12	-0.55	-0.24	-0.64	0S6
TLIK	-0.22		0.17	0.0	0.31	0.3	0.27	0.14	0.36	0.17	TLIK
BT3	-0.25	0.17		0.0	0.52	0.73	0.85	-0.08	0.79	0.35	BT3
MS9	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MS9
IB5A	0.37	0.31	0.52	0.0		0.84	0.6	-0.47	0.49	-0.31	IB5A
MBJ	0.18	0.3	0.73	0.0	0.84		0.81	-0.37	0.72	-0.01	MBJ
MBJ	-0.12	0.27	0.85	0.0	0.6	0.81		-0.13	0.83	0.27	MBJ
TZO	-0.55	0.14	-0.08	0.0	-0.47	-0.37	-0.13		0.03	0.47	TZO
AJW	-0.24	0.36	0.79	0.0	0.49	0.72	0.83	0.03		0.5	AJW
9R5	-0.64	0.17	0.35	0.0	-0.31	-0.01	0.27	0.47	0.5		9R5
	0S6	TLIK	BT3	MS9	IB5A	MBJ	MBJ	TZO	AJW	9R5

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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

MBJ	+ 0.85	BT3
MBJ	+ 0.84	IB5A
AJW	+ 0.83	MBJ
MBJ	+ 0.81	MBJ
AJW	+ 0.79	BT3
MBJ	+ 0.73	BT3

High negative correlations

9R5	- 0.64	0S6
TZO	- 0.55	0S6
TZO	- 0.47	IB5A
TZO	- 0.37	MBJ
9R5	- 0.31	IB5A
BT3	- 0.25	0S6

Risk-Adjusted Indicators

There is a big difference between B2Holding Stock performing well and B2Holding 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 B2Holding 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
0S6	3.95	(0.15)	0.00	(0.05)	0.00	0.00	8.78	(6.84)	51.37
TLIK	12.19	2.68	0.08	(0.72)	14.52	(31.29)	27.27	(31.58)	202.56
BT3	1.56	(0.11)	0.00	2.79	0.00	0.00	4.44	(4.90)	14.76
MS9	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IB5A	1.09	(0.58)	0.00	3.46	0.00	0.00	0.00	(4.55)	15.79
MBJ	1.75	(0.37)	0.00	11.87	0.00	0.00	3.20	(3.77)	11.12
MBJ	1.02	(0.12)	0.00	0.85	0.00	0.00	2.36	(3.03)	12.66
TZO	11.06	2.12	0.12	(1.71)	10.81	(19.32)	24.38	(22.42)	100.19
AJW	0.97	(0.42)	0.00	1.16	0.00	0.00	0.00	(2.94)	6.16
9R5	59.50	27.27	0.00	3.97	0.00	0.00	400.00	(33.33)	480.00

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Our tools can tell you how much better you can do entering a position in B2Holding 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.

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B2Holding ASA Corporate Management

Elected by the shareholders, the B2Holding ASA's board of directors comprises two types of representatives: B2Holding ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of B2Holding. The board's role is to monitor B2Holding ASA's management team and ensure that shareholders' interests are well served. B2Holding ASA'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, B2Holding ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Cecilie Kjelland	Chief Legal & Compliance Officer	Profile
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Endre SolvinWitzo	Chief Officer	Profile
Georgios Christoforou	Chief Management	Profile
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Ida Nygard	Head Communication	Profile
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