SalMar ASA Correlations

SALRY Stock

USD 11.64 0.34 3.01%

The correlation of SalMar ASA 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SalMar ASA Correlation With Market

Average diversification

The correlation between SalMar ASA and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SalMar ASA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SalMar ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SalMar ASA 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 SalMar ASA - 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 SalMar ASA to buy it.

Moving together with SalMar Pink Sheet

0.62	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.66	MFG	Mizuho Financial	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.69	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.65	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.66	PFE	Pfizer Inc Earnings Call Next Week	Pair Corr
0.69	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.7	AXP	American Express	Pair Corr
0.74	HPQ	HP Inc Sell-off Trend	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr

Moving against SalMar Pink Sheet

0.45	TSN	Tyson Foods	Pair Corr
0.44	HLTOY	Hellenic Telecommunicatio	Pair Corr
0.36	WLMIF	Wilmar International	Pair Corr
0.48	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.43	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.4	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SLCJY	MHGVY	CALM	BG	ASTVF	GARPY	WLMIY	LND	ADM
SLCJY		0.0	-0.49	0.26	-0.06	0.03	0.3	0.13	-0.31	SLCJY
MHGVY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MHGVY
CALM	-0.49	0.0		-0.04	-0.11	0.11	-0.53	0.24	0.25	CALM
BG	0.26	0.0	-0.04		-0.41	0.42	-0.16	0.45	0.67	BG
ASTVF	-0.06	0.0	-0.11	-0.41		-0.45	0.21	-0.24	-0.27	ASTVF
GARPY	0.03	0.0	0.11	0.42	-0.45		0.02	0.59	0.18	GARPY
WLMIY	0.3	0.0	-0.53	-0.16	0.21	0.02		0.19	-0.3	WLMIY
LND	0.13	0.0	0.24	0.45	-0.24	0.59	0.19		0.12	LND
ADM	-0.31	0.0	0.25	0.67	-0.27	0.18	-0.3	0.12		ADM
	SLCJY	MHGVY	CALM	BG	ASTVF	GARPY	WLMIY	LND	ADM

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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

ADM	+ 0.67	BG
LND	+ 0.59	GARPY
LND	+ 0.45	BG
GARPY	+ 0.42	BG
WLMIY	+ 0.3	SLCJY
BG	+ 0.26	SLCJY

High negative correlations

WLMIY	- 0.53	CALM
CALM	- 0.49	SLCJY
GARPY	- 0.45	ASTVF
ASTVF	- 0.41	BG
ADM	- 0.31	SLCJY
ADM	- 0.3	WLMIY

Risk-Adjusted Indicators

There is a big difference between SalMar Pink Sheet performing well and SalMar ASA 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 SalMar ASA'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
SLCJY	1.64	0.29	0.12	0.39	2.18	(2.05)	4.29	(3.47)	13.13
MHGVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CALM	2.31	(0.29)	0.00	(15.68)	0.00	0.00	4.48	(6.47)	16.61
BG	1.45	0.03	0.09	0.82	2.21	(1.40)	3.38	(3.18)	10.49
ASTVF	0.53	0.10	0.00	6.00	0.00	0.00	0.00	0.00	16.81
GARPY	2.07	(0.05)	0.00	(0.43)	0.00	0.00	5.94	(7.52)	20.87
WLMIY	0.99	0.07	0.14	1.38	1.58	(1.04)	2.23	(2.51)	9.40
LND	1.34	0.09	0.12	0.27	1.78	(1.45)	3.36	(2.47)	9.58
ADM	1.65	(0.03)	0.00	(0.32)	0.00	0.00	3.52	(3.65)	13.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in SalMar ASA 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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SalMar ASA Corporate Management

Tonette Bjrgrd	Head Accounting	Profile
Simon Sobstad	COO Director	Profile
Hakon Husby	Head Relations	Profile
Arthur Wisniewski	Director Management	Profile

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