Erria AS Correlations
| ERRIA Stock | DKK 3.74 0.18 5.06% |
The correlation of Erria AS 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erria AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erria AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Erria AS and NYA is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erria AS and NYA in the same portfolio, assuming nothing else is changed.
Erria |
The ability to find closely correlated positions to Erria AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erria AS 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 Erria AS - 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 Erria AS to buy it.
Moving against Erria Stock
| 0.54 | BOOZT-DKK | Boozt AB | PairCorr |
| 0.51 | PNDORA | Pandora AS Earnings Call Tomorrow | PairCorr |
| 0.41 | PFIKRB | PFA Invest Kreditobl | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Erria Stock performing well and Erria AS 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 Erria AS'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Erria AS 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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Erria AS Corporate Directors
Erria AS corporate directors refer to members of an Erria AS board of directors. The board of directors generally takes responsibility for the Erria AS's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Erria AS's board members must vote for the resolution. The Erria AS board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kristian Svarrer | Director | Profile | |
| Joergen Thuesen | Director of Consulting Division | Profile | |
| Hasse Larsen | Director | Profile | |
| Allan Sparholt | Director of Ship Management | Profile |
Already Invested in Erria AS?
The danger of trading Erria AS is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Erria AS is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Erria AS. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Erria AS is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erria AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Erria AS information on this page should be used as a complementary analysis to other Erria AS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Erria Stock analysis
When running Erria AS's price analysis, check to measure Erria AS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erria AS is operating at the current time. Most of Erria AS's value examination focuses on studying past and present price action to predict the probability of Erria AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erria AS's price. Additionally, you may evaluate how the addition of Erria AS to your portfolios can decrease your overall portfolio volatility.
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