Storebrand ASA Correlations
| SREDFDelisted Stock | USD 13.65 0.00 0.00% |
The current 90-days correlation between Storebrand ASA and Fukuoka Financial Group is -0.02 (i.e., Good diversification). The correlation of Storebrand ASA 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.
Storebrand ASA Correlation With Market
Poor diversification
The correlation between Storebrand ASA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Storebrand ASA and DJI in the same portfolio, assuming nothing else is changed.
Storebrand |
The ability to find closely correlated positions to Storebrand 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 Storebrand 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 Storebrand 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 Storebrand ASA to buy it.
Moving together with Storebrand Pink Sheet
| 0.79 | RILYL | B Riley Financial | PairCorr |
| 0.78 | RILY | B Riley Financial | PairCorr |
| 0.72 | ELRXF | AB Electrolux | PairCorr |
| 0.76 | NNBR | NN Inc Earnings Call This Week | PairCorr |
| 0.65 | BORR | Borr Drilling | PairCorr |
| 1.0 | TBMIF | AurCrest Gold | PairCorr |
| 0.85 | NASB | NASB Financial | PairCorr |
| 0.72 | EBBGF | Enbridge | PairCorr |
| 0.66 | NWHUF | Northwest Healthcare | PairCorr |
| 0.69 | CAE | CAE Inc | PairCorr |
| 0.8 | RIO | Rio Tinto ADR | PairCorr |
| 0.76 | ORC | Orchid Island Capital | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
Moving against Storebrand Pink Sheet
| 0.88 | EQC | Equity Commonwealth | PairCorr |
| 0.71 | ROBOF | RoboGroup TEK | PairCorr |
| 0.62 | BGMS | Bio Green Med Symbol Change | 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 Storebrand Pink Sheet performing well and Storebrand 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 Storebrand 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHLLF | 5.89 | 1.62 | 0.20 | 0.88 | 5.70 | 20.63 | 42.63 | |||
| FKKFY | 3.46 | 0.84 | 0.07 | (0.53) | 4.18 | 11.50 | 41.89 | |||
| SLFPF | 0.95 | 0.18 | 0.05 | 0.44 | 1.07 | 3.79 | 11.85 | |||
| SLFPY | 1.00 | 0.20 | 0.04 | (2.93) | 1.13 | 3.19 | 11.85 | |||
| DCYHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMBBY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BKZHF | 8.12 | 3.89 | 0.00 | 1.45 | 0.00 | 0.00 | 273.24 | |||
| EFGIF | 0.72 | 0.38 | 0.00 | (1.65) | 0.00 | 0.00 | 18.40 | |||
| BKEAY | 2.48 | 0.16 | 0.01 | (0.34) | 3.81 | 7.07 | 30.62 | |||
| AZIHF | 1.32 | 0.05 | (0.01) | (0.13) | 1.68 | 4.47 | 14.47 |
Storebrand ASA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Storebrand ASA pink sheet to make a market-neutral strategy. Peer analysis of Storebrand ASA could also be used in its relative valuation, which is a method of valuing Storebrand ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Storebrand ASA Corporate Executives
Elected by the shareholders, the Storebrand ASA's board of directors comprises two types of representatives: Storebrand ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Storebrand. The board's role is to monitor Storebrand ASA's management team and ensure that shareholders' interests are well served. Storebrand 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, Storebrand ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lars Loddesol | Interim CFO | Profile |
Still Interested in Storebrand ASA?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.