Webstep ASA Correlations
| WSTEP Stock | NOK 22.70 0.20 0.87% |
The current 90-days correlation between Webstep ASA and Kitron ASA is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Webstep ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Webstep ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Webstep ASA Correlation With Market
Significant diversification
The correlation between Webstep ASA 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 Webstep ASA and DJI in the same portfolio, assuming nothing else is changed.
Webstep |
The ability to find closely correlated positions to Webstep 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 Webstep 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 Webstep 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 Webstep ASA to buy it.
Moving together with Webstep Stock
| 0.67 | SCHA | Schibsted ASA A Earnings Call This Week | PairCorr |
Moving against Webstep Stock
| 0.46 | EQNR | Equinor ASA Earnings Call This Week | PairCorr |
| 0.33 | ALT | Alternus Energy Group | PairCorr |
| 0.32 | VAR | Var Energi ASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Webstep Stock performing well and Webstep 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 Webstep 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KIT | 1.30 | 0.41 | 0.23 | (9.12) | 1.05 | 3.25 | 8.01 | |||
| EPR | 0.98 | 0.39 | 0.24 | (1.65) | 0.66 | 2.91 | 6.26 | |||
| KID | 1.39 | 0.25 | 0.08 | (13.48) | 1.56 | 3.26 | 13.08 | |||
| ATEA | 0.99 | 0.06 | (0.01) | 0.37 | 1.15 | 2.58 | 5.37 | |||
| BOUV | 1.06 | 0.29 | 0.14 | (3.48) | 0.89 | 2.65 | 5.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Webstep 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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Webstep ASA Corporate Management
Elected by the shareholders, the Webstep ASA's board of directors comprises two types of representatives: Webstep ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Webstep. The board's role is to monitor Webstep ASA's management team and ensure that shareholders' interests are well served. Webstep 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, Webstep ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rolf Helle | Director Devel | Profile | |
| Geir Hindenes | Regional Mang | Profile | |
| Arnt Aasen | Director Communications | Profile | |
| Truls Ellingsen | Interim Officer | Profile | |
| Otto Solberg | Communications Director | Profile | |
| Terje Orvedal | Head Oslo | Profile | |
| Joar Krohn | Regional Mang | Profile |