TGS ASA Correlations
| TGSNF Stock | USD 9.60 0.60 6.67% |
The current 90-days correlation between TGS ASA and US Silica Holdings is 0.1 (i.e., Average diversification). The correlation of TGS 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.
TGS ASA Correlation With Market
Average diversification
The correlation between TGS ASA and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TGS ASA and DJI in the same portfolio, assuming nothing else is changed.
TGS |
The ability to find closely correlated positions to TGS 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 TGS 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 TGS 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 TGS ASA to buy it.
Moving together with TGS OTC Stock
| 0.79 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against TGS OTC Stock
| 0.66 | TNRSF | Tenaris SA | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | FI | Fiserv, | PairCorr |
| 0.62 | TS | Tenaris SA ADR | PairCorr |
| 0.62 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.54 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.44 | FTI | TechnipFMC PLC Sell-off Trend | PairCorr |
| 0.32 | KB | KB Financial Group | PairCorr |
| 0.8 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.63 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.63 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.6 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.57 | HPQ | HP Inc | PairCorr |
| 0.5 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.49 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.46 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.36 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Related Correlations Analysis
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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 TGS OTC Stock performing well and TGS ASA OTC Stock 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 TGS 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLCA | 0.18 | (0.01) | 0.00 | 0.26 | 0.00 | 0.39 | 1.62 | |||
| OII | 2.13 | (0.06) | 0.02 | 0.09 | 2.43 | 4.23 | 15.31 | |||
| NINE | 4.78 | 0.17 | 0.09 | 0.16 | 4.66 | 14.16 | 43.06 | |||
| SLB | 1.37 | (0.17) | 0.00 | (0.02) | 0.00 | 2.72 | 9.61 | |||
| CFWFF | 0.90 | (0.06) | 0.00 | 0.54 | 0.00 | 2.96 | 9.26 | |||
| NESR | 2.05 | (0.25) | 0.00 | (0.17) | 0.00 | 5.48 | 13.90 | |||
| FTK | 2.93 | 0.87 | 0.33 | 0.60 | 2.26 | 9.10 | 27.73 | |||
| FTI | 1.61 | 0.11 | 0.05 | 0.21 | 2.20 | 3.52 | 9.70 | |||
| BKR | 1.30 | 0.19 | 0.16 | 0.26 | 1.04 | 3.36 | 12.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TGS ASA 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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TGS ASA Corporate Management
Elected by the shareholders, the TGS ASA's board of directors comprises two types of representatives: TGS ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TGS. The board's role is to monitor TGS ASA's management team and ensure that shareholders' interests are well served. TGS 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, TGS ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Young | Managing Pacific | Profile | |
| Scott Michell | VP Imaging | Profile | |
| Will Ashby | Ex Hemisphere | Profile | |
| Sven Larsen | Chief Officer | Profile | |
| Jaclyn Townsend | Director Marketing | Profile | |
| David Hajovsky | Ex Hemisphere | Profile | |
| Whitney JD | Ex Sustainability | Profile |