Petronor Correlations

PNOR Stock

NOK 10.02 0.03 0.30%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Petronor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petronor EP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Petronor Correlation With Market

Good diversification

The correlation between Petronor EP and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Petronor EP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Petronor Stock

0.64

NORTH

North Energy ASA

Pair Corr

Moving against Petronor Stock

0.66	DVD	Deep Value Driller	Pair Corr
0.64	NEXT	Next Biometrics Group	Pair Corr
0.6	HAVI	Havila Shipping ASA	Pair Corr
0.58	BWE	BW Energy	Pair Corr
0.56	ZAP	Zaptec AS	Pair Corr
0.53	DNO	Dno ASA	Pair Corr
0.45	ROM	RomReal Limited	Pair Corr
0.33	OKEA	Okea ASA	Pair Corr
0.32	ENSU	Ensurge Micropower ASA	Pair Corr

Related Correlations Analysis

	MING	SKUE	JAREN	SPOL	MOBA	SHLF	AURG	KRAB
MING		0.73	0.63	0.85	0.66	-0.69	0.73	-0.26	MING
SKUE	0.73		0.48	0.67	0.74	-0.73	0.68	-0.36	SKUE
JAREN	0.63	0.48		0.57	0.47	-0.43	0.5	-0.09	JAREN
SPOL	0.85	0.67	0.57		0.52	-0.59	0.56	-0.19	SPOL
MOBA	0.66	0.74	0.47	0.52		-0.93	0.69	-0.61	MOBA
SHLF	-0.69	-0.73	-0.43	-0.59	-0.93		-0.66	0.65	SHLF
AURG	0.73	0.68	0.5	0.56	0.69	-0.66		-0.33	AURG
KRAB	-0.26	-0.36	-0.09	-0.19	-0.61	0.65	-0.33		KRAB
	MING	SKUE	JAREN	SPOL	MOBA	SHLF	AURG	KRAB

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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

SPOL	+ 0.85	MING
MOBA	+ 0.74	SKUE
SKUE	+ 0.73	MING
AURG	+ 0.73	MING
AURG	+ 0.69	MOBA
AURG	+ 0.68	SKUE

High negative correlations

SHLF	- 0.93	MOBA
SHLF	- 0.73	SKUE
SHLF	- 0.69	MING
AURG	- 0.66	SHLF
KRAB	- 0.61	MOBA
SHLF	- 0.59	SPOL

Risk-Adjusted Indicators

There is a big difference between Petronor Stock performing well and Petronor 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 Petronor'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
MING	0.66	0.04	(0.08)	0.45	0.80	(0.69)	1.36	(1.60)	4.37
SKUE	0.81	0.07	(0.05)	(0.70)	1.09	(0.95)	1.78	(1.92)	7.61
JAREN	0.84	0.09	(0.05)	(0.30)	1.00	(1.03)	1.90	(2.00)	6.07
SPOL	0.91	0.06	(0.04)	2.40	1.44	(0.84)	1.46	(2.02)	7.58
MOBA	1.39	0.39	0.20	1.15	1.09	(1.83)	4.12	(1.87)	9.13
SHLF	2.99	(0.60)	0.00	1.93	0.00	0.00	5.19	(6.20)	26.95
AURG	0.55	0.01	(0.13)	0.03	0.72	(0.83)	1.73	(1.70)	3.47
KRAB	1.36	0.10	(0.04)	(0.02)	1.73	(2.38)	3.49	(3.37)	10.32

Be your own money manager

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

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

Christopher Butler	Group Controller	Profile
Eyas Alhomouz	Non-Executive Chairman of the Board	Profile
Chris Butler	Group Financial Controller	Profile
Timothy Turner	Non-Executive Independent Director	Profile
Ian Philliskirk	Group General Counsel	Profile
Joseph Iskander	Non-Executive Director	Profile

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