Sparebanken Vest Correlations
| SVEG Stock | NOK 160.68 0.68 0.43% |
The current 90-days correlation between Sparebanken Vest and Sparebank 1 Nord Norge is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sparebanken Vest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparebanken Vest moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sparebanken Vest Correlation With Market
Significant diversification
The correlation between Sparebanken Vest and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sparebanken Vest and DJI in the same portfolio, assuming nothing else is changed.
Sparebanken |
The ability to find closely correlated positions to Sparebanken Vest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparebanken Vest 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 Sparebanken Vest - 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 Sparebanken Vest to buy it.
Moving together with Sparebanken Stock
| 0.82 | EQNR | Equinor ASA Earnings Call Tomorrow | PairCorr |
| 0.69 | TEL | Telenor ASA | PairCorr |
| 0.9 | ELK | Elkem ASA | PairCorr |
| 0.88 | VAR | Var Energi ASA Earnings Call Today | PairCorr |
| 0.71 | ENTRA | Entra ASA | PairCorr |
| 0.81 | AKER | Aker ASA | PairCorr |
| 0.73 | BRG | Borregaard ASA | PairCorr |
Moving against Sparebanken Stock
Related Correlations Analysis
| 0.24 | 0.3 | 0.23 | 0.1 | 0.27 | SOAG | ||
| 0.24 | 0.42 | 0.82 | 0.79 | 0.67 | NONG | ||
| 0.3 | 0.42 | 0.6 | 0.2 | 0.46 | MORG | ||
| 0.23 | 0.82 | 0.6 | 0.57 | 0.79 | STB | ||
| 0.1 | 0.79 | 0.2 | 0.57 | 0.22 | DNB | ||
| 0.27 | 0.67 | 0.46 | 0.79 | 0.22 | GJF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Sparebanken Stock performing well and Sparebanken Vest 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 Sparebanken Vest'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SOAG | 1.04 | 0.01 | (0.09) | (0.02) | 1.39 | 2.15 | 8.76 | |||
| NONG | 0.98 | 0.21 | 0.08 | 0.92 | 1.01 | 2.31 | 6.89 | |||
| MORG | 1.18 | 0.14 | 0.00 | (2.16) | 1.52 | 2.57 | 9.16 | |||
| STB | 0.90 | 0.30 | 0.25 | 1.40 | 0.41 | 1.95 | 4.97 | |||
| DNB | 1.00 | 0.13 | 0.01 | 1.19 | 1.97 | 2.15 | 12.73 | |||
| GJF | 0.89 | 0.26 | 0.09 | (1.33) | 0.82 | 1.93 | 9.27 |
Sparebanken Vest Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sparebanken Vest stock to make a market-neutral strategy. Peer analysis of Sparebanken Vest could also be used in its relative valuation, which is a method of valuing Sparebanken Vest by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sparebanken Vest Corporate Management
Elected by the shareholders, the Sparebanken Vest's board of directors comprises two types of representatives: Sparebanken Vest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebanken. The board's role is to monitor Sparebanken Vest's management team and ensure that shareholders' interests are well served. Sparebanken Vest'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, Sparebanken Vest's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrik Tnnessen | Compliance Officer | Profile | |
| Monica Dsvig | Head Legal | Profile | |
| Johannes Dobson | Head Communications | Profile | |
| Therese Arentsen | Ex Organization | Profile |