Solar AS Correlations

Stocks . Germany . 
Stock . Solar AS
ZVR Stock  EUR 27.05  0.05  0.19%   
The current 90-days correlation between Solar AS and Poste Italiane SpA is 0.21 (i.e., Modest diversification). The correlation of Solar AS 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.

Solar AS Correlation With Market

Poor diversification

The correlation between Solar AS and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solar AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Solar AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar AS 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 Solar AS - 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 Solar AS to buy it.

Moving together with Solar Stock

  0.69DP4B AP MllerPairCorr
  0.67DP4A AP MllerPairCorr
  0.85NEF NESTE OILPairCorr
  0.79H3M Hochschild Mining plcPairCorr
  0.67QIA QIAGEN NV SplitPairCorr
  0.63MM2 Mercator MedicalPairCorr
  0.72XSI Sanyo Chemical IndustriesPairCorr
  0.84GCB PTT Global Chemical Earnings Call This WeekPairCorr
  0.668SF SLIGRO FOOD GROUPPairCorr
  0.754OQ1 AGNC Investment CorpPairCorr
  0.822X0 CortevaPairCorr
  0.754HF Hoist Finance ABPairCorr
  0.82MF MOBILE FACTORY INCPairCorr
  0.63ARW Arrow ElectronicsPairCorr
  0.7UEO Westlake ChemicalPairCorr
  0.67QBE QBE Insurance GroupPairCorr
  0.73UUEC United UtilitiesPairCorr
  0.74CU3 Cohu Inc Earnings Call TomorrowPairCorr
  0.71EUX EUWAX AktiengesellschaftPairCorr
  0.61DBPE Xtrackers LevDAXPairCorr

Moving against Solar Stock

  0.68BRH Berkshire HathawayPairCorr
  0.42LSPP Chocoladefabriken LindtPairCorr
  0.63DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

7RY
+ 0.94
NSE
7RY
+ 0.86
7PI
7PI
+ 0.85
NSE
3O8
+ 0.72
NSE
3O8
+ 0.66
7RY
3O8
+ 0.55
7PI
  

High negative correlations

7PI
- 0.84
PP1
7RY
- 0.77
PP1
PP1
- 0.73
NSE
3O8
- 0.51
PP1
PP1
- 0.24
AZ6
QB3
- 0.21
PP1

Risk-Adjusted Indicators

There is a big difference between Solar Stock performing well and Solar AS 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 Solar AS'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Solar AS 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.

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Solar AS Corporate Management

Elected by the shareholders, the Solar AS's board of directors comprises two types of representatives: Solar AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solar. The board's role is to monitor Solar AS's management team and ensure that shareholders' interests are well served. Solar AS'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, Solar AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anders OdgaarVP CIOProfile
Jan FjellvrVP NorwayProfile
Anders KoppelSenior SwedenProfile
Bauke ZeinstraSenior MAG45Profile
Frank SimonsenSenior FinanceProfile
Dariusz TargoszSenior PolandProfile
Lars GothSenior OperationsProfile
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