Clean Seas Correlations
| CSS Stock | 1.00 0.00 0.00% |
The current 90-days correlation between Clean Seas Seafood and SalMar ASA is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clean Seas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Seas Seafood moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Clean Seas Correlation With Market
Significant diversification
The correlation between Clean Seas Seafood and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Seas Seafood and DJI in the same portfolio, assuming nothing else is changed.
Clean |
The ability to find closely correlated positions to Clean Seas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Seas 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 Clean Seas - 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 Clean Seas Seafood to buy it.
Moving together with Clean Stock
| 0.79 | MAS | Masoval AS | PairCorr |
| 0.87 | AZT | Arcticzymes Technologies | PairCorr |
| 0.61 | CONTX | ContextVision AB | PairCorr |
| 0.7 | SCANA | Scana ASA | PairCorr |
| 0.92 | LIFE | Lifecare AS Split | PairCorr |
| 0.89 | HPUR | Hexagon Purus As | PairCorr |
Moving against Clean Stock
| 0.86 | AFISH | Arctic Fish Holding | PairCorr |
| 0.85 | ISLAX | Icelandic Salmon | PairCorr |
| 0.84 | MOWI | Mowi ASA | PairCorr |
| 0.78 | AUTO | AutoStore Holdings | PairCorr |
| 0.78 | SBX | SeaBird Exploration Plc | PairCorr |
| 0.49 | AUSS | Austevoll Seafood ASA | PairCorr |
| 0.42 | SALM | SalMar ASA | PairCorr |
| 0.36 | AIRX | Airthings ASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Clean Stock performing well and Clean Seas 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 Clean Seas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SALM | 1.22 | 0.07 | (0.03) | (19.56) | 1.61 | 2.65 | 7.35 | |||
| LSG | 1.06 | 0.06 | (0.03) | 0.82 | 1.22 | 2.38 | 6.97 | |||
| BAKKA | 1.05 | 0.14 | 0.03 | 1.08 | 1.26 | 2.34 | 10.60 | |||
| GSF | 1.60 | 0.31 | 0.06 | (0.59) | 2.35 | 3.78 | 15.64 | |||
| DNB | 0.74 | 0.13 | (0.02) | (0.37) | 0.78 | 1.31 | 8.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clean Seas 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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| All Next | Launch Module |
Clean Seas Corporate Management
Elected by the shareholders, the Clean Seas' board of directors comprises two types of representatives: Clean Seas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clean. The board's role is to monitor Clean Seas' management team and ensure that shareholders' interests are well served. Clean Seas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Clean Seas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Brown | Chief Officer | Profile | |
| Chester Wilkes | Marine Mang | Profile | |
| Eryl Baron | Joint Sec | Profile | |
| Tim Dohrmann | Investor Relations | Profile |