Tomra Systems Correlations

TMRAF
 Stock
  

USD 19.40  0.90  4.86%   

The correlation of Tomra Systems 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 Tomra Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tomra Systems ASA 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, take a look at World Market Map.
  
The ability to find closely correlated positions to Tomra Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tomra Systems 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 Tomra Systems - 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 Tomra Systems ASA to buy it.

Moving together with Tomra Systems

+0.79ACCOAcco BrandsPairCorr
+0.73ACTGAcacia Research Aggressive PushPairCorr
+0.82ADESAdvanced EmissionsPairCorr
+0.94ALGTAllegiant TravelPairCorr

Related Correlations

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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   
ABBAAON
ACMAAON
ACMABB
ABBMEG
AALMEG
ABMMEG
  
High negative correlations   
ACCOACA
ACTGACA
ACTGAAWW
ACTGAAON
ACTGAAL
ACCOAAWW

Tomra Systems Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Tomra OTC Pink Sheet performing well and Tomra Systems 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 Tomra Systems' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
MEG 3.35  0.11  0.05  0.15  4.20  0.0468 (3.39)  6.62 (5.72)  26.32 
AAL 2.26  0.01  0.02  0.10  2.75  0.0154 (2.34)  3.91 (4.32)  13.26 
AAON 2.08  0.43  0.22  0.48  1.73  0.16 (2.52)  4.70 (3.65)  17.95 
AAWW 0.26 (0.02) (0.21) (0.04)  0.44 (0.24) (0.24)  0.56 (0.69)  2.38 
ABB 1.61  0.11  0.07  0.20  1.57  0.06 (1.94)  3.75 (2.44)  11.00 
ABM 1.67 (0.09) (0.04)  0.01  1.98 (0.0366) (1.80)  3.34 (3.11)  10.38 
ACA 1.90  0.03  0.02  0.13  2.26  0.0156 (2.10)  3.60 (3.89)  12.25 
ACCO 2.22 (0.14)  0.00 (0.02)  0.00 (0.0396)  0.00  4.45 (4.67)  19.00 
ACM 1.40  0.15  0.08  0.25  1.57  0.09 (1.42)  2.89 (2.96)  7.43 
ACTG 1.40 (0.19)  0.00 (0.23)  0.00 (0.13)  0.00  3.51 (2.44)  7.70 

The entity Tomra Systems ASA with a symbol TMRAF was recently relisted or delisted. You can potentially use Tomra Systems ASA with a symbol TMRAF. Please make sure the ticker renaming or change in the classification of Tomra Systems ASA is not a temporary action by the exchange.

Tomra Systems Corporate Directors

Tomra Systems corporate directors refer to members of a Tomra Systems board of directors. The board of directors generally takes responsibility for the Tomra Systems' 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 Tomra Systems' board members must vote for the resolution. The Tomra Systems board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Elisabet Sandnes - Investor Relation Officer/ M&A DirectorProfile
Bente Traa - Director, Employee RepresentativeProfile
Bjarn Matre - DirectorProfile
Bodil Gallon - DirectorProfile

Invested in Tomra Systems ASA?

The danger of trading Tomra Systems ASA 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 Tomra Systems 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 Tomra Systems. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tomra Systems ASA 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, take a look at World Market Map. Note that the Tomra Systems ASA information on this page should be used as a complementary analysis to other Tomra Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Tomra OTC Pink Sheet analysis

When running Tomra Systems ASA price analysis, check to measure Tomra Systems' 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 Tomra Systems is operating at the current time. Most of Tomra Systems' value examination focuses on studying past and present price action to predict the probability of Tomra Systems' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tomra Systems' price. Additionally, you may evaluate how the addition of Tomra Systems to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Tomra Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine Tomra Systems value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tomra Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.