Vow ASA Correlations

SSHPF Stock  USD 0.22  0.00  0.00%   
The current 90-days correlation between Vow ASA and Tobii AB is 0.06 (i.e., Significant diversification). The correlation of Vow 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.

Vow ASA Correlation With Market

Good diversification

The correlation between Vow ASA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vow ASA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vow 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 Vow 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 Vow 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 Vow ASA to buy it.

Moving together with Vow Pink Sheet

  0.64ZWS Zurn Elkay WaterPairCorr
  0.75ATMU Atmus Filtration TecPairCorr
  0.74DSVSF Discovery Metals CorpPairCorr
  0.69EONR EON ResourcesPairCorr
  0.75WAFU Wah Fu EducationPairCorr
  0.73RR Richtech Robotics Class TrendingPairCorr
  0.69SSVFF Southern Silver ExplPairCorr
  0.74BMEZ BlackRock Health SciencesPairCorr
  0.65DOMH Dominari HoldingsPairCorr
  0.62ACSAY ACS Actividades DePairCorr

Moving against Vow Pink Sheet

  0.79PBCRY Bank Central AsiaPairCorr
  0.77PPERY Bank Mandiri PerseroPairCorr
  0.75KTWIF Kurita Water IndustriesPairCorr
  0.46BKRKF PT Bank RakyatPairCorr
  0.42PTAIF PT Astra InternationalPairCorr
  0.38KTWIY Kurita Water IndustriesPairCorr
  0.37PPERF Bank Mandiri PerseroPairCorr
  0.36FARO FARO TechnologiesPairCorr
  0.31BASFY BASF SE ADRPairCorr
  0.41MRAI Marpai IncPairCorr
  0.33FORLW Four Leaf AcquisitionPairCorr

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

TBIIFSTOHF
OWUVEESH
QWTREESH
TBIIFBNET
TKHVYQWTR
STOHFBNET
  

High negative correlations

TKHVYTBIIF
TKHVYSTOHF
SMNUFOWUV
SMNUFEESH
EESHBNET
STOHFQWTR

Risk-Adjusted Indicators

There is a big difference between Vow Pink Sheet performing well and Vow 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 Vow 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BNET  8.16  0.68  0.05  0.53  9.08 
 18.75 
 46.83 
EAWD  33.56  14.19  0.24 (1.76) 16.56 
 40.00 
 650.00 
EESH  5.97  0.46  0.00  0.44  0.00 
 16.67 
 133.33 
OWUV  5.23 (0.18)(0.01) 0.00  6.00 
 17.24 
 40.03 
QWTR  10.30  1.44  0.07  5.74  10.97 
 35.14 
 110.67 
SMNUF  1.94  1.03  0.00 (1.57) 0.00 
 0.00 
 35.71 
STOHF  0.96  0.00  0.00  0.07  0.00 
 2.32 
 9.25 
SYEV  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
TBIIF  3.19 (0.48) 0.00 (0.05) 0.00 
 9.09 
 68.11 
TKHVY  0.90  0.20  0.03 (0.33) 1.15 
 3.40 
 19.07 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vow 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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