SPAREBANK Correlations

MING
 Stock
  

NOK 110.00  2.60  2.31%   

The correlation of SPAREBANK is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPAREBANK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPAREBANK 1 SMN moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to SPAREBANK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPAREBANK 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 SPAREBANK - 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 SPAREBANK 1 SMN to buy it.

Related Correlations

CIRCA
MING
SALM
MORG
NAS
CIRCA
0.590.790.720.88
CIRCA
MING
0.590.330.490.56
MING
SALM
0.790.330.630.77
SALM
MORG
0.720.490.630.74
MORG
NAS
0.880.560.770.74
NAS
CIRCA
MING
SALM
MORG
NAS
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
NASCIRCA
SALMCIRCA
NASSALM
NASMORG
MORGCIRCA
MORGSALM
  

SPAREBANK Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between SPAREBANK Stock performing well and SPAREBANK company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze SPAREBANK's multiple risk-adjusted performance indicators. 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 SPAREBANK 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 Equity Search Now

   

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets
All  Next Launch Module

SPAREBANK Corporate Directors

SPAREBANK corporate directors refer to members of a SPAREBANK board of directors. The board of directors generally takes responsibility for the SPAREBANK's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SPAREBANK's board members must vote for the resolution. The SPAREBANK board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kjell Fordal - CFO and Executive Director of Fin. DivisionProfile
Janne Thomsen - Independent DirectorProfile
Christina Straub - Director, Employee RepresentativeProfile
Wenche Seljeseth - Executive Director of Product, Processes and ProductionProfile

Invested in SPAREBANK 1 SMN?

The danger of trading SPAREBANK 1 SMN is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPAREBANK is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPAREBANK. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPAREBANK 1 SMN is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Tools for SPAREBANK Stock

When running SPAREBANK 1 SMN price analysis, check to measure SPAREBANK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPAREBANK is operating at the current time. Most of SPAREBANK's value examination focuses on studying past and present price action to predict the probability of SPAREBANK's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPAREBANK's price. Additionally, you may evaluate how the addition of SPAREBANK to your portfolios can decrease your overall portfolio volatility.
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go