Xplora Technologies Correlations
| XPLRA Stock | NOK 29.60 0.30 1.02% |
The current 90-days correlation between Xplora Technologies and Nordic Unmanned As is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xplora Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xplora Technologies As moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Xplora Technologies Correlation With Market
Modest diversification
The correlation between Xplora Technologies As and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xplora Technologies As and DJI in the same portfolio, assuming nothing else is changed.
Xplora |
The ability to find closely correlated positions to Xplora Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xplora Technologies 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 Xplora Technologies - 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 Xplora Technologies As to buy it.
Moving together with Xplora Stock
| 0.85 | NHY | Norsk Hydro ASA | PairCorr |
| 0.7 | DNB | DnB ASA | PairCorr |
| 0.66 | ORK | Orkla ASA | PairCorr |
| 0.76 | KOG | Kongsberg Gruppen ASA | PairCorr |
Moving against Xplora Stock
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
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Risk-Adjusted Indicators
There is a big difference between Xplora Stock performing well and Xplora Technologies 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 Xplora Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUMND | 10.00 | (2.38) | 0.00 | 2.37 | 0.00 | 13.04 | 101.80 | |||
| HUDL | 4.32 | (0.29) | 0.00 | 0.60 | 0.00 | 9.52 | 24.70 | |||
| ELK | 1.66 | (0.19) | 0.00 | (0.37) | 0.00 | 3.38 | 12.04 | |||
| IWS | 1.20 | (0.07) | 0.00 | (0.26) | 0.00 | 3.00 | 15.36 | |||
| VOW | 5.65 | (1.64) | 0.00 | (2.88) | 0.00 | 7.78 | 66.61 | |||
| NORTH | 1.20 | 0.00 | (0.05) | 0.11 | 1.57 | 2.77 | 7.51 | |||
| AZT | 1.99 | (0.54) | 0.00 | 0.71 | 0.00 | 4.29 | 25.36 | |||
| XXL | 4.29 | (1.96) | 0.00 | 0.72 | 0.00 | 5.00 | 72.03 | |||
| EQNR | 1.36 | 0.00 | 0.00 | 0.13 | 0.00 | 2.88 | 8.36 | |||
| MING | 0.69 | 0.03 | (0.06) | 0.20 | 0.86 | 1.43 | 4.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Xplora Technologies 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Xplora Technologies Corporate Management
Elected by the shareholders, the Xplora Technologies' board of directors comprises two types of representatives: Xplora Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xplora. The board's role is to monitor Xplora Technologies' management team and ensure that shareholders' interests are well served. Xplora Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Xplora Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kristin Hellebust | Chief Officer | Profile | |
| Jason Pyne | VP Services | Profile | |
| Sten Kirkbak | Founder CEO | Profile | |
| Mark Rogers | VP Sales | Profile | |
| Kjetil Fennefoss | Chief Officer | Profile | |
| Mikael Clement | Chief Officer | Profile | |
| Sanghyo Kim | Chief Officer | Profile |