Entra ASA Correlations

ENTOF Stock

USD 12.36 0.00 0.00%

The current 90-days correlation between Entra ASA and Mainstreet Equity Corp is 0.26 (i.e., Modest 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

Average diversification

The correlation between Entra ASA and DJI is 0.18 (i.e., Average 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.

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	EOLS	Evolus Inc	Pair Corr
0.61	LBNKF	LithiumBank Resources	Pair Corr
0.72	CSIQ	Canadian Solar	Pair Corr
0.77	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.77	GES	Guess Inc	Pair Corr
0.81	FER	Ferrovial SE	Pair Corr
0.96	RMRHF	Rand Merchant Investment	Pair Corr
0.62	PLTK	Playtika Holding Corp	Pair Corr
0.62	CXOXF	Core Lithium	Pair Corr

Moving against Entra Pink Sheet

0.97	VNORP	Vornado Realty Trust Upward Rally	Pair Corr
0.8	ARE	Alexandria Real Estate	Pair Corr
0.77	VNO	Vornado Realty Trust	Pair Corr
0.68	GECFF	Gecina SA	Pair Corr
0.61	VNO-PM	Vornado Realty Trust	Pair Corr
0.52	BXP	Boston Properties	Pair Corr
0.37	654106AL7	654106AL7	Pair Corr
0.37	87264ACQ6	TMUS 27 15	Pair Corr
0.44	87264ABY0	T MOBILE USA	Pair Corr
0.44	TATT	Tat Techno	Pair Corr

Related Correlations Analysis

	MEQYF	CBAOF	VIBVY	MMHTF	GRGTF	ICHIF	PMREF	GEAHF	RETDF	KMMPF
MEQYF		0.0	0.0	0.0	0.39	0.0	-0.02	-0.48	-0.48	0.51	MEQYF
CBAOF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBAOF
VIBVY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VIBVY
MMHTF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MMHTF
GRGTF	0.39	0.0	0.0	0.0		0.0	-0.2	-0.26	-0.5	0.5	GRGTF
ICHIF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ICHIF
PMREF	-0.02	0.0	0.0	0.0	-0.2	0.0		0.02	0.12	-0.05	PMREF
GEAHF	-0.48	0.0	0.0	0.0	-0.26	0.0	0.02		0.79	-0.78	GEAHF
RETDF	-0.48	0.0	0.0	0.0	-0.5	0.0	0.12	0.79		-0.83	RETDF
KMMPF	0.51	0.0	0.0	0.0	0.5	0.0	-0.05	-0.78	-0.83		KMMPF
	MEQYF	CBAOF	VIBVY	MMHTF	GRGTF	ICHIF	PMREF	GEAHF	RETDF	KMMPF

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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

RETDF	+ 0.79	GEAHF
KMMPF	+ 0.51	MEQYF
KMMPF	+ 0.5	GRGTF
GRGTF	+ 0.39	MEQYF
RETDF	+ 0.12	PMREF
GEAHF	+ 0.02	PMREF

High negative correlations

KMMPF	- 0.83	RETDF
KMMPF	- 0.78	GEAHF
RETDF	- 0.5	GRGTF
RETDF	- 0.48	MEQYF
GEAHF	- 0.48	MEQYF
GEAHF	- 0.26	GRGTF

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MEQYF	0.62	(0.09)	0.00	(0.15)	0.00	1.62	(1.81)	7.23
CBAOF	0.00	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	0.00
MMHTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRGTF	0.30	(0.09)	0.00	0.70	0.00	0.00	0.00	10.74
ICHIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMREF	10.04	4.64	1.33	0.93	(38.83)	2.43	(3.05)	7.87
GEAHF	0.33	0.15	0.00	(0.44)	0.00	0.00	0.00	8.96
RETDF	0.29	0.12	0.00	0.48	0.00	0.00	0.00	9.08
KMMPF	0.53	(0.15)	0.00	(0.80)	0.00	0.92	(2.08)	4.40

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.

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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

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