Dolphin Drilling Correlations
| DDRIL Stock | 0.01 0.06 85.43% |
The current 90-days correlation between Dolphin Drilling and Deep Value Driller is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dolphin Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dolphin Drilling AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Dolphin Drilling Correlation With Market
Significant diversification
The correlation between Dolphin Drilling AS and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dolphin Drilling AS and DJI in the same portfolio, assuming nothing else is changed.
Dolphin |
The ability to find closely correlated positions to Dolphin Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dolphin Drilling 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 Dolphin Drilling - 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 Dolphin Drilling AS to buy it.
Moving against Dolphin Stock
| 0.86 | SPOL | SpareBank 1 stlandet | PairCorr |
| 0.78 | SOGN | Sogn Sparebank | PairCorr |
| 0.76 | EIOF | Eidesvik Offshore ASA | PairCorr |
| 0.74 | ODL | Odfjell Drilling | PairCorr |
| 0.7 | OTL | Odfjell Technology | PairCorr |
| 0.67 | DNB | DnB ASA | PairCorr |
| 0.63 | SHLF | Shelf Drilling | PairCorr |
| 0.63 | WWI | Wilh Wilhelmsen Holding | PairCorr |
| 0.61 | DVD | Deep Value Driller | PairCorr |
| 0.6 | BRG | Borregaard ASA | PairCorr |
| 0.59 | WAWI | Wallenius Wilhelmsen | PairCorr |
| 0.57 | VEI | Veidekke ASA | PairCorr |
| 0.55 | ARCH | Archer Limited | PairCorr |
| 0.55 | AKSO | Aker Solutions ASA | PairCorr |
| 0.54 | ATEA | Atea ASA | PairCorr |
| 0.52 | EQNR | Equinor ASA Earnings Call Tomorrow | PairCorr |
| 0.51 | NISB | Nidaros Sparebank | PairCorr |
| 0.5 | RING | Sparebank 1 Ringerike | PairCorr |
| 0.5 | SBX | SeaBird Exploration Plc | PairCorr |
| 0.48 | ELK | Elkem ASA | PairCorr |
| 0.38 | NHY | Norsk Hydro ASA | PairCorr |
| 0.37 | ELMRA | Elmera Group ASA | PairCorr |
Related Correlations Analysis
| 0.65 | -0.66 | -0.55 | 0.02 | DVD | ||
| 0.65 | -0.66 | -0.7 | -0.29 | ODL | ||
| -0.66 | -0.66 | 0.6 | -0.06 | NORAM | ||
| -0.55 | -0.7 | 0.6 | 0.11 | SDSD | ||
| 0.02 | -0.29 | -0.06 | 0.11 | NOL | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Dolphin Stock performing well and Dolphin Drilling 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 Dolphin Drilling'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DVD | 1.45 | 0.43 | 0.12 | (1.23) | 1.30 | 3.41 | 9.32 | |||
| ODL | 1.05 | 0.55 | 0.38 | (4.85) | 0.27 | 2.43 | 7.10 | |||
| NORAM | 1.49 | (0.20) | 0.00 | (22.71) | 0.00 | 2.21 | 8.70 | |||
| SDSD | 0.60 | (0.07) | 0.00 | (14.80) | 0.00 | 1.10 | 4.35 | |||
| NOL | 2.00 | 0.17 | (0.02) | (0.31) | 2.77 | 5.31 | 13.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dolphin Drilling 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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Dolphin Drilling Corporate Management
Elected by the shareholders, the Dolphin Drilling's board of directors comprises two types of representatives: Dolphin Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dolphin. The board's role is to monitor Dolphin Drilling's management team and ensure that shareholders' interests are well served. Dolphin Drilling'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, Dolphin Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Slvi Spronsen | Sec | Profile | |
| Steen Damgaard | Chief Officer | Profile | |
| Bjornar Iversen | CEO Pres | Profile | |
| Johan Finnestad | Chief Officer | Profile | |
| Einar Tyssen | Chief Officer | Profile | |
| Jrn Johansen | Chief Controller | Profile | |
| Stephen Cox | CFO Director | Profile |