Byggma Correlations
| BMA Stock | NOK 15.05 0.15 0.99% |
The current 90-days correlation between Byggma and American Shipping is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Byggma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byggma moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Byggma Correlation With Market
Modest diversification
The correlation between Byggma and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Byggma and DJI in the same portfolio, assuming nothing else is changed.
Byggma |
The ability to find closely correlated positions to Byggma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byggma 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 Byggma - 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 Byggma to buy it.
Moving against Byggma Stock
| 0.83 | AKVA | Akva Group | PairCorr |
| 0.83 | SPOG | Sparebanken Ost | PairCorr |
| 0.83 | SRBNK | Sparebank 1 SR | PairCorr |
| 0.81 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.79 | ANDF | Andfjord Salmon AS | PairCorr |
| 0.78 | NOL | Northern Ocean | PairCorr |
| 0.78 | MORG | Sparebanken Mre | PairCorr |
| 0.76 | SDSD | SD Standard Drilling | PairCorr |
| 0.72 | AKSO | Aker Solutions ASA | PairCorr |
| 0.67 | DNB | DnB ASA | PairCorr |
| 0.66 | HSPG | Holand og Setskog | PairCorr |
| 0.62 | VAR | Var Energi ASA | PairCorr |
| 0.61 | SVEG | Sparebanken Vest | PairCorr |
| 0.58 | JAREN | Jaeren Sparebank | PairCorr |
| 0.54 | ULTI | Ultimovacs ASA | PairCorr |
| 0.52 | KIT | Kitron ASA | PairCorr |
| 0.31 | AUSS | Austevoll Seafood ASA | PairCorr |
Related Correlations Analysis
| -0.06 | -0.91 | -0.74 | -0.06 | AFG | ||
| -0.06 | -0.05 | -0.22 | -0.52 | AMSC | ||
| -0.91 | -0.05 | 0.77 | 0.13 | AFK | ||
| -0.74 | -0.22 | 0.77 | 0.54 | KID | ||
| -0.06 | -0.52 | 0.13 | 0.54 | SBO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Byggma Stock performing well and Byggma 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 Byggma'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFG | 0.81 | 0.25 | 0.25 | 0.71 | 0.53 | 2.68 | 5.56 | |||
| AMSC | 1.42 | (0.10) | 0.00 | (0.31) | 0.00 | 2.76 | 10.93 | |||
| AFK | 1.36 | (0.24) | 0.00 | 11.45 | 0.00 | 2.78 | 12.31 | |||
| KID | 1.55 | (0.16) | 0.00 | (0.65) | 0.00 | 3.20 | 11.01 | |||
| SBO | 1.27 | 0.03 | 0.00 | (0.70) | 1.38 | 2.88 | 6.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Byggma 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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Byggma Corporate Management
Elected by the shareholders, the Byggma's board of directors comprises two types of representatives: Byggma inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Byggma. The board's role is to monitor Byggma's management team and ensure that shareholders' interests are well served. Byggma'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, Byggma's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Knut Nilsen | CEO AS | Profile | |
| Geir Drangsland | Chief Officer | Profile | |
| Torunn Mangseth | Marketing Mang | Profile | |
| Marius Heidenberg | Managing Smartpanel | Profile | |
| Tore Hansen | Managing AB | Profile | |
| Conrad Drangsland | Chief Officer | Profile | |
| Atle Arctander | Chief Beams | Profile |