Odyssey Marine Correlations
| OYM1 Stock | EUR 0.35 0.01 2.78% |
The current 90-days correlation between Odyssey Marine Explo and Paychex is 0.1 (i.e., Average diversification). The correlation of Odyssey Marine 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.
Odyssey Marine Correlation With Market
Significant diversification
The correlation between Odyssey Marine Exploration and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Odyssey Marine Exploration and DJI in the same portfolio, assuming nothing else is changed.
Odyssey |
The ability to find closely correlated positions to Odyssey Marine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Odyssey Marine 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 Odyssey Marine - 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 Odyssey Marine Exploration to buy it.
Moving together with Odyssey Stock
| 0.7 | EFX | Equifax | PairCorr |
| 0.77 | SSUN | Samsung Electronics | PairCorr |
| 0.82 | SSU | Samsung Electronics | PairCorr |
| 0.77 | SSUN | Samsung Electronics | PairCorr |
| 0.81 | SSU | Samsung Electronics | PairCorr |
| 0.77 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Odyssey Stock
| 0.82 | UN3 | United Natural Foods | PairCorr |
| 0.75 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.72 | ZGY | Fidelity National | PairCorr |
| 0.7 | FIV | Fiserv Inc | PairCorr |
| 0.7 | PCX | Paychex | PairCorr |
| 0.67 | ADP | Automatic Data Processing | PairCorr |
| 0.66 | J2B | Experian plc | PairCorr |
| 0.54 | KBIA | KB Financial Group | PairCorr |
| 0.51 | E908 | Lyxor 1 | PairCorr |
| 0.38 | BZG2 | PT Bank Central | PairCorr |
| 0.35 | VA7A | Verisk Analytics | PairCorr |
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 Odyssey Marine 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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Odyssey Marine Corporate Executives
Elected by the shareholders, the Odyssey Marine's board of directors comprises two types of representatives: Odyssey Marine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Odyssey. The board's role is to monitor Odyssey Marine's management team and ensure that shareholders' interests are well served. Odyssey Marine'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, Odyssey Marine's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Longley | Pres COO | Profile |