SoftOx Solutions Correlations
| SOFTX Stock | NOK 0.01 0.0006 3.95% |
The current 90-days correlation between SoftOx Solutions and Instabank ASA is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SoftOx Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SoftOx Solutions AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
SoftOx Solutions Correlation With Market
Good diversification
The correlation between SoftOx Solutions AS and DJI 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 SoftOx Solutions AS and DJI in the same portfolio, assuming nothing else is changed.
SoftOx |
The ability to find closely correlated positions to SoftOx Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SoftOx Solutions 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 SoftOx Solutions - 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 SoftOx Solutions AS to buy it.
Moving together with SoftOx Stock
| 0.78 | AZT | Arcticzymes Technologies | PairCorr |
| 0.75 | HBC | Hofseth Biocare ASA | PairCorr |
| 0.8 | ABS | Arctic Bioscience | PairCorr |
| 0.79 | RIVER | River Tech plc | PairCorr |
| 0.85 | WEST | Western Bulk Chartering | PairCorr |
Moving against SoftOx Stock
| 0.82 | SDSD | SD Standard Drilling | PairCorr |
| 0.68 | PNOR | Petronor EP | PairCorr |
| 0.67 | VAR | Var Energi ASA | PairCorr |
| 0.48 | ULTI | Ultimovacs ASA | PairCorr |
Related Correlations Analysis
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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 SoftOx Stock performing well and SoftOx Solutions 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 SoftOx Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HELG | 1.17 | 0.06 | (0.04) | (1.50) | 1.31 | 2.71 | 7.14 | |||
| INSTA | 0.95 | 0.06 | (0.04) | (0.12) | 1.23 | 2.12 | 7.25 | |||
| LSG | 1.06 | 0.06 | (0.03) | 0.82 | 1.22 | 2.38 | 6.97 | |||
| SUNSB | 0.56 | 0.09 | (0.02) | 4.06 | 0.69 | 1.53 | 8.32 | |||
| MOBA | 1.51 | 0.52 | 0.29 | 1.09 | 0.99 | 4.51 | 10.08 | |||
| SPOG | 1.13 | 0.14 | 0.04 | 0.59 | 1.14 | 2.73 | 5.75 | |||
| PROXI | 1.65 | 0.03 | 0.00 | 0.05 | 0.00 | 3.48 | 14.09 | |||
| JAREN | 0.86 | 0.09 | (0.01) | 1.60 | 1.01 | 1.90 | 7.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SoftOx Solutions 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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SoftOx Solutions Corporate Management
Elected by the shareholders, the SoftOx Solutions' board of directors comprises two types of representatives: SoftOx Solutions inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SoftOx. The board's role is to monitor SoftOx Solutions' management team and ensure that shareholders' interests are well served. SoftOx Solutions' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SoftOx Solutions' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Trine Olsby | Human Mang | Profile | |
| Finn Ketler | Chief Officer | Profile | |
| Geir Almas | Chief Officer | Profile | |
| Thomas Bjarnsholt | Chief Officer | Profile | |
| Karina LangsethManrique | Manufacturing Chemistry | Profile | |
| Kristine Rod | Chief Officer | Profile | |
| Christopher Burton | Chief Officer | Profile |