Pryme BV Correlations

PRYME Stock  NOK 1.64  0.16  10.81%   
The current 90-days correlation between Pryme BV and Tomra Systems ASA is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pryme BV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pryme BV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pryme BV Correlation With Market

Good diversification

The correlation between Pryme BV and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pryme BV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pryme BV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pryme BV 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 Pryme BV - 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 Pryme BV to buy it.

Moving together with Pryme Stock

  0.81WPU Waste Plastic UpcyclingPairCorr
  0.69VGM Vow Green MetalsPairCorr

Moving against Pryme Stock

  0.84AGLX Agilyx ASPairCorr
  0.8MING Sparebank 1 SMNPairCorr
  0.8ROMSB Romsdal SparebankPairCorr
  0.79SOR Sparebanken SorPairCorr
  0.78DNB DnB ASAPairCorr
  0.77SRBNK Sparebank 1 SRPairCorr
  0.73SVEG Sparebanken VestPairCorr
  0.64SPOL SpareBank 1 stlandetPairCorr
  0.59STB Storebrand ASAPairCorr
  0.57NHY Norsk Hydro ASAPairCorr
  0.4TEL Telenor ASAPairCorr

Related Correlations Analysis

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Be your own money manager

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

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