Orkla ASA Correlations
| ORK Stock | NOK 120.80 0.30 0.25% |
The current 90-days correlation between Orkla ASA and Mowi ASA is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orkla ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orkla ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Orkla ASA Correlation With Market
Poor diversification
The correlation between Orkla ASA and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orkla ASA and DJI in the same portfolio, assuming nothing else is changed.
Orkla |
The ability to find closely correlated positions to Orkla 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 Orkla 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 Orkla 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 Orkla ASA to buy it.
Moving together with Orkla Stock
| 0.9 | WWI | Wilh Wilhelmsen Holding Earnings Call Today | PairCorr |
| 0.75 | SKUE | Skue Sparebank | PairCorr |
| 0.62 | TEL | Telenor ASA | PairCorr |
| 0.85 | SUBC | Subsea 7 SA | PairCorr |
| 0.74 | SATS | Sats ASA | PairCorr |
| 0.76 | ZLNA | Zelluna ASA Earnings Call Tomorrow | PairCorr |
| 0.68 | KIT | Kitron ASA Earnings Call Tomorrow | PairCorr |
| 0.76 | IDEX | Idex ASA Earnings Call This Week | PairCorr |
| 0.75 | ABG | ABG Sundal Collier Earnings Call Today | PairCorr |
| 0.73 | B2I | B2 Impact ASA Earnings Call Tomorrow | PairCorr |
Moving against Orkla Stock
| 0.77 | NOFIN | Nordic Financials ASA | PairCorr |
| 0.7 | IOX | Interoil Exploration and | PairCorr |
| 0.45 | RIVER | River Tech plc | PairCorr |
| 0.41 | AZT | Arcticzymes Technologies Earnings Call Tomorrow | PairCorr |
| 0.38 | BOUV | Bouvet Earnings Call This Week | PairCorr |
| 0.34 | AGLX | Agilyx AS | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Orkla Stock performing well and Orkla 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 Orkla 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOWI | 0.97 | 0.06 | (0.03) | (0.10) | 1.34 | 2.09 | 7.23 | |||
| LSG | 0.96 | 0.07 | (0.02) | (0.56) | 1.16 | 2.35 | 7.16 | |||
| SALM | 1.19 | 0.06 | (0.02) | (0.28) | 1.46 | 2.53 | 7.33 | |||
| DELIA | 2.93 | 0.93 | 0.37 | 1.35 | 1.91 | 7.71 | 35.96 | |||
| AKBM | 1.36 | 0.20 | 0.07 | 2.57 | 1.41 | 3.74 | 9.64 | |||
| EPR | 0.91 | 0.04 | (0.01) | 0.26 | 1.21 | 1.97 | 7.93 | |||
| AUSS | 0.82 | 0.05 | (0.04) | (0.78) | 1.04 | 1.67 | 5.51 | |||
| BAKKA | 1.26 | (0.06) | 0.00 | (2.43) | 0.00 | 2.50 | 6.81 | |||
| GSF | 1.15 | 0.13 | 0.03 | (1.72) | 1.27 | 3.06 | 9.97 | |||
| BARRA | 7.37 | (0.27) | 0.00 | 0.29 | 0.00 | 24.29 | 54.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Orkla ASA 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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Orkla ASA Corporate Management
Elected by the shareholders, the Orkla ASA's board of directors comprises two types of representatives: Orkla ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orkla. The board's role is to monitor Orkla ASA's management team and ensure that shareholders' interests are well served. Orkla ASA'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, Orkla ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hkon Mageli | Corp Director | Profile | |
| Sverre Prytz | Exec Board | Profile | |
| Kenneth Haavet | Ex Officer | Profile | |
| Harald Ullevoldster | CFO VP | Profile |