| OLT Stock | | | NOK 219.00 3.00 1.35% |
The current 90-days correlation between Olav Thon Eien and Storebrand ASA is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olav Thon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olav Thon Eien moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Olav Thon Correlation With Market
Modest diversification
The correlation between Olav Thon Eien and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olav Thon Eien and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Olav Thon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olav Thon 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 Olav Thon - 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 Olav Thon Eien to buy it.
Moving against Olav Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Olav Stock performing well and Olav Thon 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 Olav Thon'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 Olav Thon 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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