Mowi ASA Correlations
| MHGVYDelisted Stock | USD 17.61 0.39 2.26% |
The current 90-days correlation between Mowi ASA ADR and Compagnie Generale des is -0.12 (i.e., Good diversification). The correlation of Mowi ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Mowi ASA Correlation With Market
Average diversification
The correlation between Mowi ASA ADR and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mowi ASA ADR and DJI in the same portfolio, assuming nothing else is changed.
Mowi |
The ability to find closely correlated positions to Mowi 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 Mowi 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 Mowi 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 Mowi ASA ADR to buy it.
Moving together with Mowi Pink Sheet
| 0.67 | IPI | Intrepid Potash | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.61 | AG | First Majestic Silver | PairCorr |
| 0.79 | IE | Ivanhoe Electric | PairCorr |
| 0.72 | MP | MP Materials Corp | PairCorr |
| 0.67 | OR | Osisko Gold Ro | PairCorr |
| 0.73 | RS | Reliance Steel Aluminum | PairCorr |
| 0.73 | WS | Worthington Steel | PairCorr |
Moving against Mowi Pink Sheet
| 0.82 | YTEN | Yield10 Bioscience | PairCorr |
| 0.68 | BIOX | Bioceres Crop Solutions | PairCorr |
| 0.57 | NITO | N2OFF Inc Symbol Change | PairCorr |
| 0.53 | CE | Celanese | PairCorr |
| 0.45 | CX | Cemex SAB de | PairCorr |
| 0.42 | FMC | FMC Corporation | PairCorr |
| 0.84 | FMST | Foremost Lithium Resource | PairCorr |
| 0.81 | NORNQ | Noranda Aluminum Holding | PairCorr |
| 0.63 | ELBM | Electra Battery Materials | PairCorr |
| 0.56 | NG | NovaGold Resources | PairCorr |
| 0.56 | ASH | Ashland Global Holdings | PairCorr |
| 0.5 | HYMCW | Hycroft Mining Holding | PairCorr |
| 0.48 | WEBC | Webco Industries Earnings Call This Week | PairCorr |
| 0.31 | DNMR | Danimer Scientific | PairCorr |
Related Correlations Analysis
| 0.78 | 0.74 | 0.94 | 0.54 | MGDDY | ||
| 0.78 | 0.79 | 0.68 | 0.41 | AHEXY | ||
| 0.74 | 0.79 | 0.58 | 0.14 | SDVKY | ||
| 0.94 | 0.68 | 0.58 | 0.65 | CJPRY | ||
| 0.54 | 0.41 | 0.14 | 0.65 | DNKEY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mowi Pink Sheet performing well and Mowi 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 Mowi 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGDDY | 1.09 | (0.25) | 0.00 | 3.52 | 0.00 | 1.97 | 6.89 | |||
| AHEXY | 1.33 | (0.35) | 0.00 | (1.05) | 0.00 | 2.03 | 10.05 | |||
| SDVKY | 1.29 | (0.16) | 0.00 | 2.26 | 0.00 | 2.09 | 10.13 | |||
| CJPRY | 1.01 | (0.11) | 0.00 | 2.27 | 0.00 | 1.81 | 4.96 | |||
| DNKEY | 1.07 | (0.09) | 0.00 | (0.53) | 0.00 | 1.99 | 6.08 |
Mowi ASA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mowi ASA pink sheet to make a market-neutral strategy. Peer analysis of Mowi ASA could also be used in its relative valuation, which is a method of valuing Mowi ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mowi ASA Corporate Management
| Kristian Ellingsen | Chief Officer | Profile | |
| Atle Kvist | Chief Feed | Profile | |
| Benjamin Hadfield | Ireland Scotland | Profile | |
| Kim Dosvig | Investor Relations Officer & Head of Treasury | Profile | |
| Fernando Villarroel | Chief Americas | Profile |
Still Interested in Mowi ASA ADR?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.