Pareto Bank Correlations
| PARB Stock | NOK 64.60 1.70 2.56% |
The current 90-days correlation between Pareto Bank ASA and Sparebanken Mre is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pareto Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pareto Bank ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pareto Bank Correlation With Market
Significant diversification
The correlation between Pareto Bank ASA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pareto Bank ASA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Pareto Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pareto Bank 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 Pareto Bank - 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 Pareto Bank ASA to buy it.
Moving against Pareto Stock
Related Correlations Analysis
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Pareto Bank Corporate Executives
Elected by the shareholders, the Pareto Bank's board of directors comprises two types of representatives: Pareto Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pareto. The board's role is to monitor Pareto Bank's management team and ensure that shareholders' interests are well served. Pareto Bank'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, Pareto Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
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