Desert Control Correlations
| DSRT Stock | NOK 2.06 0.06 2.83% |
The current 90-days correlation between Desert Control AS and Yara International ASA is -0.33 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Desert Control moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desert Control AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Desert Control Correlation With Market
Modest diversification
The correlation between Desert Control AS and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Desert Control AS and DJI in the same portfolio, assuming nothing else is changed.
Desert |
The ability to find closely correlated positions to Desert Control could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desert Control 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 Desert Control - 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 Desert Control AS to buy it.
Moving together with Desert Stock
| 0.64 | KCC | Klaveness Combination | PairCorr |
| 0.87 | OET | Okeanis Eco Tankers | PairCorr |
| 0.81 | TGS | TGS NOPEC Geophysical | PairCorr |
| 0.62 | AASB | Aasen Sparebank | PairCorr |
Moving against Desert Stock
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Desert Stock performing well and Desert Control 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 Desert Control'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YAR | 1.08 | 0.11 | 0.02 | 4.00 | 1.42 | 1.99 | 7.34 | |||
| DSRT | 2.86 | 0.43 | 0.14 | 0.39 | 2.86 | 7.61 | 20.69 | |||
| AFK | 1.11 | 0.04 | (0.03) | (0.34) | 1.32 | 3.04 | 9.29 | |||
| KCC | 1.23 | 0.20 | 0.09 | 0.81 | 1.22 | 3.07 | 7.31 | |||
| ADS | 2.77 | 0.38 | 0.05 | (0.43) | 3.13 | 8.18 | 23.97 | |||
| TGS | 2.26 | 0.49 | 0.13 | (1.17) | 2.56 | 5.72 | 16.10 | |||
| AASB | 1.00 | 0.15 | 0.02 | (0.30) | 1.09 | 2.07 | 11.47 | |||
| SEA1 | 1.66 | 0.17 | 0.04 | (2.38) | 2.05 | 3.08 | 9.76 | |||
| OET | 1.93 | 0.45 | 0.15 | 8.43 | 2.03 | 4.48 | 11.63 | |||
| AKBM | 1.27 | 0.13 | 0.03 | (3.75) | 1.24 | 3.74 | 6.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Desert Control 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?
Run ETFs Now
ETFsFind actively traded Exchange Traded Funds (ETF) from around the world |
| All Next | Launch Module |
Desert Control Corporate Management
Elected by the shareholders, the Desert Control's board of directors comprises two types of representatives: Desert Control inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Desert. The board's role is to monitor Desert Control's management team and ensure that shareholders' interests are well served. Desert Control'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, Desert Control's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jan Vader | Desert CEO | Profile | |
| Brage Johansen | CoFounder Director | Profile | |
| Ordin Husa | Chief Officer | Profile | |
| Viggo Halseth | Chief Officer | Profile | |
| Ole Sivertsen | Pres CEO | Profile | |
| Marianne Boe | Chief Officer | Profile | |
| Charlie Granfelt | Chief Officer | Profile |