Zalaris ASA Correlations
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zalaris ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zalaris ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Zalaris |
The ability to find closely correlated positions to Zalaris 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 Zalaris 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 Zalaris 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 Zalaris ASA to buy it.
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 Zalaris Stock performing well and Zalaris 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 Zalaris 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NRC | 3.22 | 0.32 | 0.09 | 0.38 | 3.44 | 6.86 | 15.85 | |||
| KIT | 1.29 | 0.37 | 0.20 | 20.42 | 1.09 | 3.25 | 8.01 | |||
| KID | 1.45 | 0.07 | 0.00 | 0.69 | 2.04 | 3.26 | 13.08 | |||
| XXL | 7.96 | (0.85) | 0.00 | 2.56 | 0.00 | 26.88 | 81.99 | |||
| MULTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Zalaris 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 Zalaris ASA stock to make a market-neutral strategy. Peer analysis of Zalaris ASA could also be used in its relative valuation, which is a method of valuing Zalaris ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zalaris ASA Corporate Management
Elected by the shareholders, the Zalaris ASA's board of directors comprises two types of representatives: Zalaris ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zalaris. The board's role is to monitor Zalaris ASA's management team and ensure that shareholders' interests are well served. Zalaris 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, Zalaris ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Will Jackson | MD Ireland | Profile | |
| Harald Goetsch | Ex Europe | Profile | |
| Richard Schirn | Ex Services | Profile | |
| Halvor Leirvg | Chief Officer | Profile | |
| Hilde Karlsmyr | Chief Officer | Profile | |
| Balakrishnan Narayanan | Director APAC | Profile |