Gyldendal ASA Correlations
| GYL Stock | NOK 392.00 2.00 0.51% |
The current 90-days correlation between Gyldendal ASA and Arendals Fossekompani ASA is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gyldendal ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gyldendal ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gyldendal ASA Correlation With Market
Good diversification
The correlation between Gyldendal ASA and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gyldendal ASA and DJI in the same portfolio, assuming nothing else is changed.
Gyldendal |
The ability to find closely correlated positions to Gyldendal 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 Gyldendal 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 Gyldendal 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 Gyldendal ASA to buy it.
Moving together with Gyldendal Stock
Moving against Gyldendal Stock
| 0.61 | EPR | Europris ASA | PairCorr |
| 0.58 | GJF | Gjensidige Forsikring ASA Earnings Call This Week | PairCorr |
| 0.48 | MOWI | Mowi ASA | PairCorr |
| 0.47 | VEI | Veidekke ASA | PairCorr |
| 0.47 | DNO | Dno ASA | PairCorr |
| 0.42 | PEN | Panoro Energy ASA | PairCorr |
| 0.41 | ATEA | Atea ASA | PairCorr |
| 0.39 | BWE | BW Energy | PairCorr |
| 0.38 | EQNR | Equinor ASA | PairCorr |
| 0.36 | AKSO | Aker Solutions ASA | PairCorr |
| 0.35 | ODL | Odfjell Drilling | PairCorr |
Related Correlations Analysis
| -0.08 | -0.88 | 0.31 | 0.23 | AFK | ||
| -0.08 | 0.03 | 0.34 | 0.52 | BMA | ||
| -0.88 | 0.03 | -0.32 | -0.23 | AFG | ||
| 0.31 | 0.34 | -0.32 | 0.73 | MEDI | ||
| 0.23 | 0.52 | -0.23 | 0.73 | GOD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Gyldendal Stock performing well and Gyldendal 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 Gyldendal 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFK | 1.36 | (0.26) | 0.00 | 12.19 | 0.00 | 2.78 | 12.31 | |||
| BMA | 2.98 | 0.20 | 0.04 | 0.71 | 3.81 | 6.12 | 18.32 | |||
| AFG | 0.87 | 0.26 | 0.23 | 13.31 | 0.69 | 2.68 | 6.56 | |||
| MEDI | 2.43 | (0.15) | 0.00 | 2.66 | 0.00 | 5.00 | 14.26 | |||
| GOD | 1.47 | (0.22) | 0.00 | 0.55 | 0.00 | 2.91 | 13.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gyldendal 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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Gyldendal ASA Corporate Management
Elected by the shareholders, the Gyldendal ASA's board of directors comprises two types of representatives: Gyldendal ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gyldendal. The board's role is to monitor Gyldendal ASA's management team and ensure that shareholders' interests are well served. Gyldendal ASA'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, Gyldendal ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karen Keizerud | Brands Communications | Profile | |
| Goril Johnsen | Chief AS | Profile | |
| Mads Solem | Ex Fin | Profile | |
| Kjartan Dannatt | Chief Officer | Profile | |
| Arne Magnus | Member of The Corporate Management | Profile |