Reach Subsea Correlations
| REACH Stock | NOK 8.90 0.36 3.89% |
The current 90-days correlation between Reach Subsea and BW Offshore is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reach Subsea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reach Subsea moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Reach Subsea Correlation With Market
Significant diversification
The correlation between Reach Subsea 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 Reach Subsea and DJI in the same portfolio, assuming nothing else is changed.
Reach |
The ability to find closely correlated positions to Reach Subsea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reach Subsea 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 Reach Subsea - 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 Reach Subsea to buy it.
Moving together with Reach Stock
| 0.87 | DNB | DnB ASA | PairCorr |
| 0.71 | NHY | Norsk Hydro ASA | PairCorr |
| 0.71 | MOWI | Mowi ASA | PairCorr |
| 0.69 | VAR | Var Energi ASA | 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 Reach Subsea 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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Reach Subsea Corporate Management
Elected by the shareholders, the Reach Subsea's board of directors comprises two types of representatives: Reach Subsea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reach. The board's role is to monitor Reach Subsea's management team and ensure that shareholders' interests are well served. Reach Subsea'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, Reach Subsea's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Inge Grutle | Engineering Manager | Profile | |
| Bard Hogheim | Sales and Marketing Manager | Profile | |
| Solveig Byrkjeland | VP Sec | Profile | |
| Sven Storesund | Technical Manager | Profile | |
| yvind Johannessen | Head Side | Profile |