Austevoll Seafood Correlations

ASTVF Stock

USD 9.20 0.00 0.00%

The correlation of Austevoll Seafood 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.

Austevoll Seafood Correlation With Market

Significant diversification

The correlation between Austevoll Seafood ASA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Austevoll Seafood ASA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Austevoll Pink Sheet

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Related Correlations Analysis

	CYBN	TOBAF	38143CHP9	DHIL	HD	FRCEF	ELWS	UHT
CYBN		-0.03	0.17	0.39	0.13	0.1	0.07	0.54	CYBN
TOBAF	-0.03		0.19	-0.21	0.11	0.07	-0.14	-0.22	TOBAF
38143CHP9	0.17	0.19		0.35	0.46	0.59	0.08	0.27	38143CHP9
DHIL	0.39	-0.21	0.35		0.59	0.33	0.63	0.8	DHIL
HD	0.13	0.11	0.46	0.59		0.52	0.21	0.29	HD
FRCEF	0.1	0.07	0.59	0.33	0.52		-0.03	0.29	FRCEF
ELWS	0.07	-0.14	0.08	0.63	0.21	-0.03		0.47	ELWS
UHT	0.54	-0.22	0.27	0.8	0.29	0.29	0.47		UHT
	CYBN	TOBAF	38143CHP9	DHIL	HD	FRCEF	ELWS	UHT

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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

UHT	+ 0.8	DHIL
ELWS	+ 0.63	DHIL
FRCEF	+ 0.59	38143CHP9
HD	+ 0.59	DHIL
UHT	+ 0.54	CYBN
FRCEF	+ 0.52	HD

High negative correlations

UHT	- 0.22	TOBAF
DHIL	- 0.21	TOBAF
ELWS	- 0.14	TOBAF
ELWS	- 0.03	FRCEF
TOBAF	- 0.03	CYBN

Risk-Adjusted Indicators

There is a big difference between Austevoll Pink Sheet performing well and Austevoll Seafood 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 Austevoll Seafood'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
CYBN	3.64	0.30	0.07	0.45	4.13	(4.59)	11.61	(6.10)	31.24
TOBAF	4.78	0.37	0.02	0.48	8.02	(18.08)	21.21	(14.29)	74.62
38143CHP9	2.23	0.09	0.01	0.29	3.21	(2.12)	4.51	(5.01)	14.15
DHIL	1.14	0.10	0.07	0.25	1.15	(1.28)	2.87	(2.64)	6.75
HD	0.95	(0.12)	(0.10)	0.03	1.08	(1.12)	2.12	(2.29)	6.92
FRCEF	0.36	(0.05)	0.00	0.99	0.00	0.00	0.00	0.00	20.72
ELWS	5.07	0.84	0.10	(3.26)	5.53	(6.74)	15.28	(8.86)	81.13
UHT	0.91	0.07	0.01	0.27	0.95	(0.99)	2.06	(1.73)	5.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Austevoll Seafood 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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Austevoll Seafood Corporate Management

Britt Drivenes	Chief Officer	Profile
Adriana Alva	Chief Saa	Profile
Erling Mgster	Chief operations	Profile
Tore Mohn	Director Affairs	Profile
Tom Tynan	Chief Officer	Profile
Arne Stang	Chief AS	Profile

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