Nordic Semiconductor Correlations

Stocks . Germany . 
Stock . Nordic Semiconductor ASA
N0S Stock  EUR 9.53  0.03  0.32%   
The current 90-days correlation between Nordic Semiconductor ASA and Pebblebrook Hotel Trust is 0.05 (i.e., Significant diversification). The correlation of Nordic Semiconductor 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.

Nordic Semiconductor Correlation With Market

Good diversification

The correlation between Nordic Semiconductor ASA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nordic Semiconductor ASA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nordic Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordic Semiconductor 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 Nordic Semiconductor - 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 Nordic Semiconductor ASA to buy it.

Moving together with Nordic Stock

  0.68TSFA Taiwan SemiconductorPairCorr
  0.69QCI QUALCOMM Incorporated Earnings Call TodayPairCorr
  0.79HY9H SK hynixPairCorr
  0.62M6Q Metso Outotec OyjPairCorr
  0.65E908 Lyxor 1PairCorr
  0.69DBPE Xtrackers LevDAXPairCorr

Moving against Nordic Stock

  0.64DBPD Xtrackers ShortDAXPairCorr
  0.6VIP Virtus Investment Earnings Call This WeekPairCorr
  0.462WGA WOORI FIN GRP Earnings Call This WeekPairCorr
  0.42AMD Advanced Micro DevicesPairCorr
  0.38AMD Advanced Micro DevicesPairCorr
  0.38INL IntelPairCorr
  0.37SSUN Samsung Electronics Earnings Call TodayPairCorr
  0.35INL IntelPairCorr

Related Correlations Analysis

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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   
DHG
+ 0.73
INW
KDIC
+ 0.69
PD0
DHG
+ 0.61
PD0
PD0
+ 0.6
INW
9FM
+ 0.57
INW
MEL
+ 0.45
DHG
  
High negative correlations   
KDIC
- 0.23
9FM
1XV
- 0.17
9FM
1XV
- 0.17
INW
KDIC
- 0.07
1XV

Risk-Adjusted Indicators

There is a big difference between Nordic Stock performing well and Nordic Semiconductor 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 Nordic Semiconductor'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nordic Semiconductor 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.

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Nordic Semiconductor Corporate Management

Elected by the shareholders, the Nordic Semiconductor's board of directors comprises two types of representatives: Nordic Semiconductor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nordic. The board's role is to monitor Nordic Semiconductor's management team and ensure that shareholders' interests are well served. Nordic Semiconductor'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, Nordic Semiconductor's outside directors are responsible for providing unbiased perspectives on the board's policies.
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