Veidekke ASA Correlations
| VEI Stock | NOK 146.80 2.40 1.66% |
The current 90-days correlation between Veidekke ASA and AF Gruppen ASA is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veidekke ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veidekke ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Veidekke ASA Correlation With Market
Average diversification
The correlation between Veidekke ASA and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veidekke ASA and DJI in the same portfolio, assuming nothing else is changed.
Veidekke |
The ability to find closely correlated positions to Veidekke 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 Veidekke 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 Veidekke 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 Veidekke ASA to buy it.
Moving together with Veidekke Stock
Moving against Veidekke Stock
| 0.74 | EXTX | Exact Therapeutics | PairCorr |
| 0.69 | NBX | Norwegian Block Exchange | PairCorr |
| 0.66 | OTEC | Otello ASA | PairCorr |
| 0.49 | NOM | Nordic Mining ASA Earnings Call This Week | PairCorr |
| 0.33 | NORTH | North Energy ASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Veidekke Stock performing well and Veidekke 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 Veidekke 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFG | 0.83 | 0.30 | 0.21 | 3.13 | 0.59 | 2.64 | 5.77 | |||
| GJF | 0.92 | 0.23 | 0.14 | (6.35) | 0.69 | 1.76 | 9.60 | |||
| STB | 0.90 | 0.07 | (0.01) | 1.16 | 1.19 | 1.61 | 4.89 | |||
| ORK | 0.91 | 0.06 | (0.01) | 0.29 | 0.91 | 1.79 | 4.90 | |||
| KOG | 1.47 | 0.19 | 0.07 | 0.55 | 1.66 | 3.16 | 8.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Veidekke 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?
Run ETFs Now
ETFsFind actively traded Exchange Traded Funds (ETF) from around the world |
| All Next | Launch Module |
Veidekke ASA Corporate Management
Elected by the shareholders, the Veidekke ASA's board of directors comprises two types of representatives: Veidekke ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Veidekke. The board's role is to monitor Veidekke ASA's management team and ensure that shareholders' interests are well served. Veidekke 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, Veidekke ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anne Thorbjrnsen | Ex Safety | Profile | |
| Jrgen Porsmyr | Ex CFO | Profile | |
| Hans Srlie | Ex Norway | Profile | |
| Mats Nystrm | Ex Sweden | Profile | |
| Charlotta Nilsen | Ex Sweden | Profile | |
| Kristina Andreasson | Ex Branding | Profile |