Sparebank Correlations
| RING Stock | NOK 325.00 2.00 0.61% |
The current 90-days correlation between Sparebank 1 Ringerike and Sparebank 1 Nord Norge is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparebank 1 Ringerike moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sparebank |
The ability to find closely correlated positions to Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparebank 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 Sparebank - 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 Sparebank 1 Ringerike to buy it.
Moving together with Sparebank Stock
Moving against Sparebank Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Sparebank Stock performing well and Sparebank 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 Sparebank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MING | 0.69 | 0.02 | (0.04) | 0.14 | 0.85 | 1.43 | 4.39 | |||
| NONG | 0.69 | 0.07 | 0.01 | 0.30 | 0.70 | 1.49 | 4.23 | |||
| STB | 0.83 | 0.13 | 0.05 | 0.46 | 1.07 | 1.51 | 7.09 | |||
| PARB | 0.77 | (0.02) | 0.00 | (0.95) | 0.00 | 1.85 | 5.46 | |||
| SPOL | 0.90 | 0.00 | (0.04) | 0.09 | 1.43 | 1.42 | 7.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sparebank 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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Sparebank Corporate Management
Elected by the shareholders, the Sparebank's board of directors comprises two types of representatives: Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebank. The board's role is to monitor Sparebank's management team and ensure that shareholders' interests are well served. Sparebank'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, Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Else Hellum | Bank Manager of Retail Market | Profile | |
| Marit Tronrud | Bank Service | Profile | |
| Marthe Westlie | Bank Devel | Profile | |
| Jrgen Ruud | Bank Fin | Profile | |
| Inger Holm | Sec | Profile | |
| Ida Vik | Bank Compliance | Profile |