HAV Group Correlations
| HAV Stock | NOK 7.04 0.06 0.85% |
The current 90-days correlation between HAV Group ASA and Sparebanken Ost is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HAV Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HAV Group ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
HAV Group Correlation With Market
Good diversification
The correlation between HAV Group ASA and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HAV Group ASA and DJI in the same portfolio, assuming nothing else is changed.
HAV |
The ability to find closely correlated positions to HAV Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HAV Group 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 HAV Group - 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 HAV Group ASA to buy it.
Moving against HAV Stock
| 0.57 | SCHA | Schibsted ASA A | PairCorr |
| 0.56 | SCHB | Schibsted ASA B | PairCorr |
| 0.5 | NHY | Norsk Hydro ASA | PairCorr |
| 0.48 | TEL | Telenor ASA | PairCorr |
| 0.48 | ORK | Orkla ASA | PairCorr |
| 0.41 | AUSS | Austevoll Seafood ASA | PairCorr |
| 0.36 | DNB | DnB ASA | PairCorr |
| 0.31 | MPCC | MPC Container Ships | PairCorr |
Related Correlations Analysis
| -0.89 | -0.75 | 0.82 | 0.76 | -0.85 | NAPA | ||
| -0.89 | 0.79 | -0.82 | -0.62 | 0.76 | SPOG | ||
| -0.75 | 0.79 | -0.51 | -0.33 | 0.6 | BBERG | ||
| 0.82 | -0.82 | -0.51 | 0.78 | -0.74 | AZT | ||
| 0.76 | -0.62 | -0.33 | 0.78 | -0.73 | CLOUD | ||
| -0.85 | 0.76 | 0.6 | -0.74 | -0.73 | HELG | ||
| 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 HAV Stock performing well and HAV Group 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 HAV Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NAPA | 1.97 | (0.60) | 0.00 | (1.98) | 0.00 | 3.35 | 12.46 | |||
| SPOG | 1.15 | 0.21 | 0.04 | (0.74) | 1.10 | 2.50 | 5.82 | |||
| BBERG | 0.42 | (0.01) | (0.15) | 0.00 | 0.51 | 1.00 | 3.70 | |||
| AZT | 1.99 | (0.54) | 0.00 | 0.71 | 0.00 | 4.29 | 25.36 | |||
| CLOUD | 1.46 | (0.28) | 0.00 | (0.22) | 0.00 | 2.83 | 7.52 | |||
| HELG | 1.10 | 0.18 | 0.05 | 1.80 | 1.16 | 2.26 | 6.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HAV Group 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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HAV Group Corporate Management
Elected by the shareholders, the HAV Group's board of directors comprises two types of representatives: HAV Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HAV. The board's role is to monitor HAV Group's management team and ensure that shareholders' interests are well served. HAV Group'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, HAV Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| FrankLevi Kvalsund | VP HRQHSE | Profile | |
| Gunnar Larsen | Chief Officer | Profile | |
| Kristian Osnes | Managing AS | Profile | |
| Havard Gjelseth | Managing AS | Profile | |
| Stig Espeseth | Managing AS | Profile | |
| Pal Aurvag | Chief Officer | Profile | |
| Karsten Saevik | Managing AS | Profile |