Elliptic Laboratories Correlations
| ELABS Stock | NOK 6.16 0.05 0.82% |
The current 90-days correlation between Elliptic Laboratories and Polight ASA is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elliptic Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elliptic Laboratories AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Elliptic Laboratories Correlation With Market
Significant diversification
The correlation between Elliptic Laboratories AS and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elliptic Laboratories AS and DJI in the same portfolio, assuming nothing else is changed.
Elliptic |
The ability to find closely correlated positions to Elliptic Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elliptic Laboratories 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 Elliptic Laboratories - 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 Elliptic Laboratories AS to buy it.
Moving together with Elliptic Stock
Moving against Elliptic Stock
| 0.89 | MPCES | MPC Energy Solutions | PairCorr |
| 0.85 | HDLY | Huddly AS | PairCorr |
| 0.6 | IDEX | Idex ASA | PairCorr |
| 0.57 | SDSD | SD Standard Drilling | PairCorr |
| 0.49 | PNOR | Petronor EP | PairCorr |
| 0.46 | ZENA | Zenith Energy | PairCorr |
| 0.31 | WEST | Western Bulk Chartering | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Elliptic Stock performing well and Elliptic Laboratories 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 Elliptic Laboratories' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENSU | 2.51 | (0.56) | 0.00 | (0.98) | 0.00 | 4.60 | 15.22 | |||
| PLT | 3.49 | 0.28 | 0.09 | 0.21 | 3.65 | 9.70 | 33.44 | |||
| CYVIZ | 1.17 | 0.06 | (0.03) | (0.06) | 1.49 | 2.75 | 8.32 | |||
| ITERA | 1.12 | (0.03) | (0.05) | (0.02) | 1.25 | 2.32 | 8.15 | |||
| WSTEP | 1.08 | (0.37) | 0.00 | (2.07) | 0.00 | 1.94 | 7.99 | |||
| TECH | 1.75 | 0.06 | (0.01) | 2.22 | 2.13 | 4.26 | 9.10 | |||
| RECSI | 3.07 | (0.37) | 0.00 | (0.58) | 0.00 | 5.65 | 40.77 | |||
| NEXT | 2.77 | (1.14) | 0.00 | 6.35 | 0.00 | 7.21 | 35.51 | |||
| ARR | 3.10 | 0.25 | 0.10 | 0.21 | 3.02 | 6.63 | 22.25 | |||
| IDEX | 2.84 | 0.51 | 0.11 | (0.53) | 2.83 | 7.27 | 20.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Elliptic Laboratories 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?
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Elliptic Laboratories Corporate Management
Elected by the shareholders, the Elliptic Laboratories' board of directors comprises two types of representatives: Elliptic Laboratories inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elliptic. The board's role is to monitor Elliptic Laboratories' management team and ensure that shareholders' interests are well served. Elliptic Laboratories' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Elliptic Laboratories' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aslaug Tveiteras | VP People | Profile | |
| Tobias Dahl | Founder | Profile | |
| Lars Holmoy | CFO Relations | Profile | |
| Angelo Assimakopoulos | VP Devel | Profile | |
| Laila Danielsen | CEO Pres | Profile | |
| Espen Klovning | Chief Officer | Profile | |
| Brian Daly | Sr Devel | Profile |