Eimskipaflag Slands Correlations
The correlation of Eimskipaflag Slands 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 Eimskipaflag Slands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eimskipaflag slands hf 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 Eimskipaflag slands hf and NYA is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eimskipaflag slands hf and NYA in the same portfolio, assuming nothing else is changed.
Eimskipaflag |
The ability to find closely correlated positions to Eimskipaflag Slands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eimskipaflag Slands 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 Eimskipaflag Slands - 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 Eimskipaflag slands hf to buy it.
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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
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Risk-Adjusted Indicators
There is a big difference between Eimskipaflag Stock performing well and Eimskipaflag Slands 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 Eimskipaflag Slands' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ARION | 0.85 | (0.12) | 0.00 | 1.02 | 0.00 | 1.75 | 6.48 | |||
ICEAIR | 1.58 | (0.56) | 0.00 | 2.24 | 0.00 | 2.65 | 8.28 | |||
KVIKA | 1.08 | (0.32) | 0.00 | (2.44) | 0.00 | 1.72 | 7.28 | |||
MAREL | 0.84 | (0.07) | 0.00 | 0.28 | 0.00 | 1.68 | 6.15 | |||
HAGA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eimskipaflag Slands 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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Eimskipaflag Slands Corporate Management
Elected by the shareholders, the Eimskipaflag Slands' board of directors comprises two types of representatives: Eimskipaflag Slands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eimskipaflag. The board's role is to monitor Eimskipaflag Slands' management team and ensure that shareholders' interests are well served. Eimskipaflag Slands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eimskipaflag Slands' outside directors are responsible for providing unbiased perspectives on the board's policies.
Edda Bjornsdottir | Ex Communication | Profile | |
Boovar Kristinsson | Ex Operations | Profile | |
Gylfi Sigfsson | Managing Logistics | Profile | |
Hilmar Valgardsson | Chief Officer | Profile | |
Bjrn Einarsson | Exec Management | Profile | |
Vilhelm Thorsteinsson | Chief Officer | Profile | |
Maria Einarsdottir | Chief Officer | Profile |
Already Invested in Eimskipaflag slands hf?
The danger of trading Eimskipaflag slands hf 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 Eimskipaflag Slands 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 Eimskipaflag Slands. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eimskipaflag slands 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 Eimskipaflag slands hf. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Eimskipaflag Slands' price analysis, check to measure Eimskipaflag Slands' 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 Eimskipaflag Slands is operating at the current time. Most of Eimskipaflag Slands' value examination focuses on studying past and present price action to predict the probability of Eimskipaflag Slands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eimskipaflag Slands' price. Additionally, you may evaluate how the addition of Eimskipaflag Slands to your portfolios can decrease your overall portfolio volatility.
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