Nexcom AS Correlations
| NEXCOM Stock | DKK 3.98 0.48 13.71% |
The current 90-days correlation between Nexcom AS and Hydract AS is 0.14 (i.e., Average diversification). The correlation of Nexcom AS 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.
Nexcom AS Correlation With Market
Good diversification
The correlation between Nexcom AS and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nexcom AS and DJI in the same portfolio, assuming nothing else is changed.
Nexcom |
The ability to find closely correlated positions to Nexcom AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexcom AS 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 Nexcom AS - 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 Nexcom AS to buy it.
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 Nexcom AS 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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Nexcom AS Corporate Management
Elected by the shareholders, the Nexcom AS's board of directors comprises two types of representatives: Nexcom AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nexcom. The board's role is to monitor Nexcom AS's management team and ensure that shareholders' interests are well served. Nexcom AS'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, Nexcom AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ivan Guevara | Chief Officer | Profile | |
| Henrik Flintso | Chief Officer | Profile | |
| Iain Ironside | Chief Officer | Profile | |
| Rolf Adamson | Chief Officer | Profile | |
| Gena Speakmon | Chief Officer | Profile |