Yara International Correlations

IU2 Stock

EUR 32.37 0.40 1.25%

The current 90-days correlation between Yara International ASA and Corteva is 0.23 (i.e., Modest diversification). The correlation of Yara International 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.

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

Moving together with Yara Stock

0.87	2X0	Corteva	Pair Corr
0.85	2X0	Corteva	Pair Corr
0.92	N7T	Nutrien	Pair Corr
0.86	02M	Mosaic	Pair Corr
0.96	C4F	CF Industries Holdings	Pair Corr
0.98	IU20	YARA INTL ASA	Pair Corr
0.74	SCQA	Scotts Miracle Earnings Call This Week	Pair Corr
0.61	SSU	Samsung Electronics Earnings Call This Week	Pair Corr
0.68	RS6	Reliance Steel Aluminum Earnings Call Today	Pair Corr
0.79	HC1	HEICO	Pair Corr
0.65	R6N	Retail Estates NV Earnings Call This Week	Pair Corr
0.64	SWN	SOUTHWEST AIRLINES Earnings Call Tomorrow	Pair Corr
0.66	AQA	Advanced Medical Sol	Pair Corr
0.77	0VD0	UNIVMUSIC GRPADR/050	Pair Corr
0.72	NT5	NTT DATA	Pair Corr
0.72	NCB	Bank of America	Pair Corr
0.82	0ZQ	JSC National Atomic	Pair Corr
0.71	8HJ	LANDSEA HOMES P	Pair Corr

Related Correlations Analysis

	2X0	2X0	N7T	02M	C4F	FMQ	IU2	IU20	SCQA
2X0		0.98	0.79	0.91	0.9	0.64	0.87	0.88	0.87	2X0
2X0	0.98		0.77	0.9	0.89	0.62	0.85	0.87	0.86	2X0
N7T	0.79	0.77		0.85	0.92	0.48	0.92	0.9	0.67	N7T
02M	0.91	0.9	0.85		0.87	0.47	0.86	0.87	0.79	02M
C4F	0.9	0.89	0.92	0.87		0.56	0.96	0.94	0.76	C4F
FMQ	0.64	0.62	0.48	0.47	0.56		0.58	0.56	0.7	FMQ
IU2	0.87	0.85	0.92	0.86	0.96	0.58		0.98	0.74	IU2
IU20	0.88	0.87	0.9	0.87	0.94	0.56	0.98		0.76	IU20
SCQA	0.87	0.86	0.67	0.79	0.76	0.7	0.74	0.76		SCQA
	2X0	2X0	N7T	02M	C4F	FMQ	IU2	IU20	SCQA

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Risk-Adjusted Indicators

There is a big difference between Yara Stock performing well and Yara International 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 Yara International'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
2X0	0.88	0.27	0.14	4.34	0.50	(1.18)	1.89	(1.39)	11.52
2X0	1.26	0.26	0.10	1.88	0.92	(1.57)	3.29	(1.98)	11.74
N7T	1.27	0.20	0.03	3.39	1.17	(1.56)	3.28	(2.39)	6.43
02M	1.87	0.46	0.14	(2.26)	1.52	(2.33)	4.41	(3.05)	11.52
C4F	1.49	0.29	0.06	(52.89)	1.78	(1.51)	2.75	(3.04)	11.05
FMQ	1.97	0.08	0.01	0.27	2.00	(2.61)	5.69	(3.59)	14.36
IU2	1.25	0.00	0.15	0.00	1.01	(1.49)	2.76	(2.08)	7.91
IU20	1.36	0.43	0.12	(1.01)	1.25	(1.73)	2.76	(2.46)	14.52
SCQA	1.67	0.29	0.14	0.53	1.45	(2.09)	4.06	(2.81)	13.92

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Our tools can tell you how much better you can do entering a position in Yara International 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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Yara International Corporate Management

Elected by the shareholders, the Yara International's board of directors comprises two types of representatives: Yara International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yara. The board's role is to monitor Yara International's management team and ensure that shareholders' interests are well served. Yara International'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, Yara International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lars Rosaeg	Exec CEO	Profile
Solveig Hellebust	Process People	Profile
Chrystel Monthean	Ex Americas	Profile
Rune Bratteberg	Head Director	Profile
Svein Holsether	Pres CEO	Profile
Thor Giver	Ex CFO	Profile
Kristine Ryssdal	Exec Counsel	Profile

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