Norse Atlantic Correlations
The correlation of Norse Atlantic 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Norse Atlantic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norse Atlantic 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Norse |
The ability to find closely correlated positions to Norse Atlantic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Norse Atlantic 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 Norse Atlantic - 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 Norse Atlantic ASA to buy it.
Related Correlations Analysis
| 0.33 | -0.75 | 0.34 | 0.44 | RECSI | ||
| 0.33 | -0.49 | -0.53 | -0.14 | AKH | ||
| -0.75 | -0.49 | -0.03 | -0.55 | NAS | ||
| 0.34 | -0.53 | -0.03 | 0.35 | AKRBP | ||
| 0.44 | -0.14 | -0.55 | 0.35 | MPCC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Norse Stock performing well and Norse Atlantic 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 Norse Atlantic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RECSI | 2.65 | (0.22) | 0.00 | 2.86 | 0.00 | 5.50 | 15.15 | |||
| AKH | 2.58 | (0.62) | 0.00 | 1.01 | 0.00 | 4.20 | 22.84 | |||
| NAS | 1.86 | 0.12 | 0.04 | 0.23 | 2.18 | 4.61 | 17.38 | |||
| AKRBP | 1.10 | 0.13 | 0.05 | (0.38) | 1.17 | 2.32 | 7.23 | |||
| MPCC | 2.06 | 0.44 | 0.15 | (2.26) | 2.03 | 4.73 | 11.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Norse Atlantic 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 Portfolio Manager Now
Portfolio ManagerState of the art Portfolio Manager to monitor and improve performance of your invested capital |
| All Next | Launch Module |
Norse Atlantic Corporate Management
Elected by the shareholders, the Norse Atlantic's board of directors comprises two types of representatives: Norse Atlantic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Norse. The board's role is to monitor Norse Atlantic's management team and ensure that shareholders' interests are well served. Norse Atlantic'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, Norse Atlantic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ben Boiling | Chief Officer | Profile | |
| Andrew Hodges | Chief Officer | Profile | |
| James Lightbourn | Chief Officer | Profile | |
| Bjorn Larsen | Chairman Founder | Profile | |
| Ted Hutchins | Chief Officer | Profile | |
| Michael Scheurich | Chief Officer | Profile | |
| Kristin Berthelsen | Chief Officer | Profile |
Already Invested in Norse Atlantic ASA?
The danger of trading Norse Atlantic 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 Norse Atlantic 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 Norse Atlantic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Norse Atlantic 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norse Atlantic ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Norse Atlantic ASA information on this page should be used as a complementary analysis to other Norse Atlantic's 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 the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Norse Stock analysis
When running Norse Atlantic's price analysis, check to measure Norse Atlantic'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 Norse Atlantic is operating at the current time. Most of Norse Atlantic's value examination focuses on studying past and present price action to predict the probability of Norse Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norse Atlantic's price. Additionally, you may evaluate how the addition of Norse Atlantic to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |