Kongsberg Automotive Correlations
| KOA Stock | NOK 1.65 0.01 0.60% |
The current 90-days correlation between Kongsberg Automotive and Zaptec AS is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kongsberg Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kongsberg Automotive Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kongsberg Automotive Correlation With Market
Good diversification
The correlation between Kongsberg Automotive Holding and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kongsberg Automotive Holding and DJI in the same portfolio, assuming nothing else is changed.
Kongsberg |
The ability to find closely correlated positions to Kongsberg Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kongsberg Automotive 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 Kongsberg Automotive - 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 Kongsberg Automotive Holding to buy it.
Moving together with Kongsberg Stock
Moving against Kongsberg Stock
| 0.57 | AFK | Arendals Fossekompani ASA Earnings Call This Week | PairCorr |
| 0.37 | YAR | Yara International ASA Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Kongsberg Automotive 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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Kongsberg Automotive Corporate Management
Elected by the shareholders, the Kongsberg Automotive's board of directors comprises two types of representatives: Kongsberg Automotive inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kongsberg. The board's role is to monitor Kongsberg Automotive's management team and ensure that shareholders' interests are well served. Kongsberg Automotive'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, Kongsberg Automotive's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joerg Buchheim | CEO Pres | Profile | |
| Linda NyquistEvenrud | Ex Systems | Profile | |
| Dzeki Mackinovski | Ex Purchasing | Profile | |
| Robert Pigg | VP Systems | Profile | |
| Christian Amsel | Ex CTO | Profile | |
| Doug Tushar | VP Technology | Profile | |
| Siw Waeras | Quality Director | Profile |