Grieg Seafood Correlations
| GSF Stock | NOK 57.35 6.95 10.81% |
The current 90-days correlation between Grieg Seafood ASA and Austevoll Seafood ASA is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grieg Seafood moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grieg Seafood ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Grieg Seafood Correlation With Market
Average diversification
The correlation between Grieg Seafood ASA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grieg Seafood ASA and DJI in the same portfolio, assuming nothing else is changed.
Grieg |
The ability to find closely correlated positions to Grieg Seafood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grieg Seafood 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 Grieg Seafood - 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 Grieg Seafood ASA to buy it.
Moving together with Grieg Stock
| 0.78 | ORK | Orkla ASA | PairCorr |
| 0.67 | NISB | Nidaros Sparebank | PairCorr |
| 0.72 | JAREN | Jaeren Sparebank | PairCorr |
| 0.88 | ROMSB | Romsdal Sparebank | PairCorr |
| 0.76 | RING | Sparebank 1 Ringerike | PairCorr |
Moving against Grieg Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Grieg Stock performing well and Grieg Seafood 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 Grieg Seafood'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSG | 1.19 | (0.01) | (0.04) | 0.09 | 1.37 | 3.16 | 8.59 | |||
| SALM | 1.28 | 0.01 | (0.05) | 0.14 | 1.62 | 2.65 | 5.94 | |||
| AUSS | 0.96 | 0.04 | (0.02) | 0.20 | 1.09 | 2.08 | 5.85 | |||
| MOWI | 0.93 | 0.05 | 0.02 | 0.17 | 1.05 | 2.10 | 6.47 | |||
| BAKKA | 1.23 | 0.14 | 0.05 | 0.41 | 1.30 | 3.00 | 9.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grieg Seafood 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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Grieg Seafood Corporate Management
Elected by the shareholders, the Grieg Seafood's board of directors comprises two types of representatives: Grieg Seafood inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grieg. The board's role is to monitor Grieg Seafood's management team and ensure that shareholders' interests are well served. Grieg Seafood'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, Grieg Seafood's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kristina Furnes | Group Mang | Profile | |
| Trond Kathenes | Chief Officer | Profile | |
| Alexander Knudsen | Chief Norway | Profile | |
| Atle Sandtorv | Chief Officer | Profile | |
| Tor Homme | Chief Officer | Profile | |
| Kathleen Mathisen | Chief Officer | Profile | |
| Knut Utheim | Chief Officer | Profile |