Okeanis Eco Correlations
| OET Stock | NOK 253.00 1.00 0.39% |
The current 90-days correlation between Okeanis Eco Tankers and 2020 Bulkers is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Okeanis Eco Correlation With Market
Significant diversification
The correlation between Okeanis Eco Tankers and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Okeanis Eco Tankers and DJI in the same portfolio, assuming nothing else is changed.
Okeanis |
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco 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 Okeanis Eco - 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 Okeanis Eco Tankers to buy it.
Moving together with Okeanis Stock
| 0.88 | HAFNI | Hafnia Earnings Call Tomorrow | PairCorr |
| 0.73 | WWIB | Wilh Wilhelmsen Holding | PairCorr |
| 0.63 | CADLR | Cadeler As | PairCorr |
| 0.9 | KCC | Klaveness Combination | PairCorr |
| 0.89 | ENTRA | Entra ASA | PairCorr |
Moving against Okeanis Stock
| 0.71 | DNB | DnB ASA | PairCorr |
| 0.7 | SCHA | Schibsted ASA A | PairCorr |
| 0.69 | SCHB | Schibsted ASA B | PairCorr |
| 0.38 | TEL | Telenor ASA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Okeanis Stock performing well and Okeanis Eco 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 Okeanis Eco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HAFNI | 1.63 | (0.46) | 0.00 | (4.39) | 0.00 | 3.19 | 10.09 | |||
| 2020 | 1.62 | (0.04) | 0.00 | (0.08) | 0.00 | 3.51 | 10.28 | |||
| HUNT | 3.39 | (0.42) | 0.00 | (0.94) | 0.00 | 6.88 | 27.16 | |||
| FRO | 1.71 | (0.25) | 0.00 | (1.60) | 0.00 | 3.78 | 11.56 | |||
| BWLPG | 1.78 | (0.17) | 0.00 | (9.74) | 0.00 | 3.36 | 11.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Okeanis Eco 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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Okeanis Eco Corporate Management
Elected by the shareholders, the Okeanis Eco's board of directors comprises two types of representatives: Okeanis Eco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Okeanis. The board's role is to monitor Okeanis Eco's management team and ensure that shareholders' interests are well served. Okeanis Eco'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, Okeanis Eco's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thalia Kalafati | Treasurer, Member of the Management Board | Profile | |
| Aristidis Alafouzos | Chief officer | Profile | |
| Dimitra Kontogogou | Company Sec | Profile | |
| Joshua Nemser | Director | Profile | |
| Charlotte Stratos | Independent Director | Profile | |
| Robert Knapp | Director | Profile |