Gjensidige Forsikring Correlations
| GJF Stock | NOK 195.50 2.40 1.24% |
The current 90-days correlation between Gjensidige Forsikring ASA and DnB ASA is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gjensidige Forsikring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gjensidige Forsikring ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gjensidige Forsikring Correlation With Market
Significant diversification
The correlation between Gjensidige Forsikring ASA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gjensidige Forsikring ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Gjensidige Forsikring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gjensidige Forsikring 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 Gjensidige Forsikring - 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 Gjensidige Forsikring ASA to buy it.
Moving together with Gjensidige Stock
Moving against Gjensidige Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Gjensidige Stock performing well and Gjensidige Forsikring 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 Gjensidige Forsikring'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNB | 0.74 | 0.01 | (0.06) | 0.12 | 0.74 | 1.31 | 7.79 | |||
| STB | 0.83 | 0.12 | 0.04 | 0.44 | 1.07 | 1.51 | 7.09 | |||
| ORK | 0.82 | 0.09 | 0.01 | 0.54 | 0.71 | 1.67 | 4.41 | |||
| TEL | 0.74 | 0.10 | (0.03) | (0.28) | 0.83 | 1.85 | 7.39 | |||
| YAR | 1.02 | 0.01 | (0.04) | 0.13 | 1.09 | 1.98 | 7.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gjensidige Forsikring 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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Gjensidige Forsikring Corporate Management
Elected by the shareholders, the Gjensidige Forsikring's board of directors comprises two types of representatives: Gjensidige Forsikring inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gjensidige. The board's role is to monitor Gjensidige Forsikring's management team and ensure that shareholders' interests are well served. Gjensidige Forsikring'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, Gjensidige Forsikring's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lars Bjerklund | Ex Bus | Profile | |
| Rene Floystol | Ex Private | Profile | |
| Jostein Amdal | Ex CFO | Profile | |
| Catharina Hellerud | Chief Officer | Profile | |
| Helge Baastad | Chief Officer | Profile | |
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| Tor Silset | Ex Infrastructure | Profile |