Kid ASA Correlations
| KID Stock | NOK 122.20 0.80 0.66% |
The current 90-days correlation between Kid ASA and Arendals Fossekompani ASA is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kid ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kid ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kid ASA Correlation With Market
Excellent diversification
The correlation between Kid ASA and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kid ASA and DJI in the same portfolio, assuming nothing else is changed.
Kid |
The ability to find closely correlated positions to Kid 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 Kid 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 Kid 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 Kid ASA to buy it.
Moving against Kid Stock
| 0.92 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.89 | PPG | Pioneer Property | PairCorr |
| 0.87 | AKAST | Akastor ASA | PairCorr |
| 0.85 | AKRBP | Aker BP ASA | PairCorr |
| 0.85 | ORK | Orkla ASA | PairCorr |
| 0.78 | HUNT | Hunter Group ASA | PairCorr |
| 0.73 | STECH | Soiltech ASA | PairCorr |
| 0.73 | OET | Okeanis Eco Tankers | PairCorr |
| 0.64 | EAM | EAM Solar ASA | PairCorr |
| 0.63 | BWO | BW Offshore Earnings Call Tomorrow | PairCorr |
| 0.63 | WWI | Wilh Wilhelmsen Holding | PairCorr |
| 0.57 | NORTH | North Energy ASA | PairCorr |
| 0.57 | CMBTO | CmbTech NV | PairCorr |
| 0.54 | KRAB | Kraft Bank Asa | PairCorr |
| 0.54 | ACR | Axactor SE | PairCorr |
| 0.52 | MORG | Sparebanken Mre | PairCorr |
| 0.46 | EIOF | Eidesvik Offshore ASA | PairCorr |
| 0.45 | SAGA | Saga Pure ASA | PairCorr |
| 0.39 | BMA | Byggma Earnings Call Tomorrow | PairCorr |
| 0.39 | PEN | Panoro Energy ASA | PairCorr |
| 0.36 | ZAP | Zaptec AS | PairCorr |
| 0.9 | B2I | B2 Impact ASA | PairCorr |
| 0.87 | SCATC | Scatec Solar OL | PairCorr |
| 0.86 | YAR | Yara International ASA | PairCorr |
| 0.86 | SEA1 | Sea1 Offshore | PairCorr |
| 0.84 | ARCH | Archer Limited Earnings Call Tomorrow | PairCorr |
| 0.84 | FRO | Frontline Earnings Call Tomorrow | PairCorr |
| 0.82 | NHY | Norsk Hydro ASA | PairCorr |
| 0.81 | DNB | DnB ASA | PairCorr |
| 0.8 | BONHR | Bonheur | PairCorr |
| 0.78 | IWS | Integrated Wind Solutions | PairCorr |
| 0.74 | HERMA | Hermana Holding ASA | PairCorr |
| 0.74 | MGN | Magnora ASA | PairCorr |
Related Correlations Analysis
| 0.18 | 0.32 | -0.72 | 0.48 | AFK | ||
| 0.18 | 0.2 | -0.34 | 0.08 | BMA | ||
| 0.32 | 0.2 | -0.36 | 0.42 | AFG | ||
| -0.72 | -0.34 | -0.36 | -0.25 | MEDI | ||
| 0.48 | 0.08 | 0.42 | -0.25 | GOD | ||
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 Kid Stock performing well and Kid 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 Kid 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 | 1.32 | 0.42 | 0.20 | (7.05) | 0.85 | 3.29 | 8.27 | |||
| BMA | 1.73 | 0.19 | 0.02 | (0.90) | 1.85 | 4.35 | 9.11 | |||
| AFG | 0.89 | 0.01 | (0.05) | 0.17 | 1.17 | 1.65 | 6.24 | |||
| MEDI | 2.04 | (0.22) | 0.00 | (0.38) | 0.00 | 4.67 | 12.51 | |||
| GOD | 1.67 | 0.40 | 0.13 | (0.76) | 1.29 | 3.69 | 14.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kid 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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Kid ASA Corporate Management
Elected by the shareholders, the Kid ASA's board of directors comprises two types of representatives: Kid ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kid. The board's role is to monitor Kid ASA's management team and ensure that shareholders' interests are well served. Kid 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, Kid ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anders Fjeld | Chief Officer | Profile | |
| Eystein Lund | Chief Officer | Profile | |
| Anders Lorentzson | Managing Hemtex | Profile | |
| Frode Larsen | Chief Officer | Profile | |
| Cathrine Abrahamsen | Head Devel | Profile | |
| Stian Brandhagen | Head Management | Profile | |
| Henrik Frisell | Chief Officer | Profile |