Entra ASA Correlations
| ENTOF Stock | USD 11.88 0.00 0.00% |
The current 90-days correlation between Entra ASA and Mainstreet Equity Corp is -0.04 (i.e., Good diversification). The correlation of Entra 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.
Entra ASA Correlation With Market
Excellent diversification
The correlation between Entra ASA and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entra ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Entra 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 Entra 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 Entra 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 Entra ASA to buy it.
Moving together with Entra Pink Sheet
| 0.82 | BXP | Boston Properties | PairCorr |
| 0.86 | VNO | Vornado Realty Trust | PairCorr |
| 0.7 | PBCRF | PT Bank Central | PairCorr |
Moving against Entra Pink Sheet
| 0.94 | JREIF | Japan Real Estate | PairCorr |
| 0.7 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.43 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.43 | KSKGF | Kingsgate Consolidated | PairCorr |
| 0.39 | ARE | Alexandria Real Estate | PairCorr |
| 0.35 | MRVGF | Mirvac Group | PairCorr |
| 0.31 | CICHF | China Construction Bank | PairCorr |
| 0.86 | ENGGY | Enagas SA | PairCorr |
| 0.86 | GEV | GE Vernova LLC | PairCorr |
| 0.8 | DOLE | Dole PLC | PairCorr |
| 0.8 | TTC | Toro Earnings Call This Week | PairCorr |
| 0.77 | ASML | ASML Holding NV | PairCorr |
| 0.76 | TR | Tootsie Roll Industries | PairCorr |
| 0.73 | WSBC | WesBanco | PairCorr |
| 0.73 | TOELF | Tokyo Electron | PairCorr |
| 0.73 | CEV | Eaton Vance California | PairCorr |
| 0.62 | EXR | Extra Space Storage | PairCorr |
| 0.58 | EDRY | EuroDry | PairCorr |
| 0.49 | TRIN | Trinity Capital | PairCorr |
| 0.43 | IMPUF | Impala Platinum Holdings Earnings Call This Week | PairCorr |
| 0.94 | FLRAF | Essentra plc | PairCorr |
| 0.86 | SBGSY | Schneider Electric | PairCorr |
| 0.84 | MSI | Motorola Solutions | PairCorr |
| 0.76 | ENADF | Enad Global 7 | PairCorr |
| 0.74 | UPBD | Upbound Group | PairCorr |
| 0.72 | CPF | Central Pacific Financial | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Entra Pink Sheet performing well and Entra 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 Entra 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEQYF | 0.98 | 0.10 | 0.01 | 1.31 | 1.72 | 2.25 | 15.10 | |||
| CBAOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIBVY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MMHTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GRGTF | 0.95 | 0.25 | 0.00 | (3.84) | 0.00 | 3.14 | 28.17 | |||
| ICHIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMREF | 10.15 | 4.11 | 0.00 | 2.06 | 0.00 | 3.22 | 412.52 | |||
| GEAHF | 0.87 | 0.39 | 0.00 | 1.82 | 0.00 | 0.00 | 15.79 | |||
| RETDF | 0.55 | 0.25 | 0.00 | 1.03 | 0.00 | 0.00 | 17.80 | |||
| KMMPF | 0.71 | 0.10 | 0.02 | 1.35 | 1.02 | 1.38 | 9.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Entra 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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Entra ASA Corporate Management
| Kristine Hilberg | Ex Organisation | Profile | |
| Hallgeir Ostrem | Ex Procurement | Profile | |
| Ase Lunde | Exec Devel | Profile | |
| Per Ulseth | Ex Devel | Profile | |
| Anders Olstad | Deputy CFO | Profile | |
| Kjetil Hoff | Chief Officer | Profile | |
| Sonja Horn | Chief Officer | Profile |