Schibsted ASA Correlations

XPGB Stock

EUR 27.62 1.90 6.44%

The current 90-days correlation between Schibsted ASA B and RELX PLC is 0.28 (i.e., Modest diversification). The correlation of Schibsted ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Schibsted ASA Correlation With Market

Good diversification

The correlation between Schibsted ASA B and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schibsted ASA B and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Schibsted Stock

0.68	RDEB	RELX PLC	Pair Corr
0.65	RDED	Relx PLC ADR	Pair Corr
0.9	PES	Pearson plc	Pair Corr
0.89	PESA	Pearson plc	Pair Corr
0.98	XPG	Schibsted ASA A	Pair Corr
0.69	6GAA	Grupo Aval Acciones	Pair Corr
0.7	6GAA	Grupo Aval Acciones	Pair Corr
0.87	MFZA	Mitsubishi UFJ Financial	Pair Corr
0.8	51KB	AVITA Medical	Pair Corr
0.81	2KD	Kinder Morgan	Pair Corr
0.7	MNL	Gruppo Mutuionline SpA	Pair Corr
0.64	P5Y	BRF SA	Pair Corr
0.81	GTX	Gentex	Pair Corr
0.74	8CF	CLOUDFLARE INC A	Pair Corr
0.8	3EC	Eaton PLC	Pair Corr
0.88	NDA	Aurubis AG	Pair Corr
0.88	BKJ	Brinker International	Pair Corr
0.83	G8L	GREENLIGHT CAP RE	Pair Corr
0.76	TL0	Tesla Inc	Pair Corr
0.61	1DH	Clarkson PLC	Pair Corr
0.88	GM0N	GLOBUS MEDICAL A	Pair Corr
0.62	MKL	Atea ASA	Pair Corr
0.63	DGS	Envela Corp	Pair Corr

Moving against Schibsted Stock

0.86	HYU	Hyundai Motor	Pair Corr
0.86	HYU	Hyundai Motor	Pair Corr
0.83	HYU	Hyundai Motor	Pair Corr
0.57	ECHA	Ecopetrol SA	Pair Corr
0.57	ECHA	Ecopetrol SA	Pair Corr
0.62	LHL1	Lenovo Group Limited	Pair Corr

Related Correlations Analysis

	RDEB	RDED	WOSB	WOS	IEA	PES	PESA	NYT	XPGB	XPG
RDEB		0.97	0.78	0.73	0.52	0.64	0.63	0.66	0.68	0.63	RDEB
RDED	0.97		0.77	0.74	0.52	0.62	0.61	0.66	0.65	0.61	RDED
WOSB	0.78	0.77		0.9	0.26	0.55	0.53	0.62	0.6	0.54	WOSB
WOS	0.73	0.74	0.9		0.27	0.45	0.44	0.58	0.5	0.45	WOS
IEA	0.52	0.52	0.26	0.27		0.63	0.65	0.38	0.59	0.61	IEA
PES	0.64	0.62	0.55	0.45	0.63		0.99	0.65	0.9	0.88	PES
PESA	0.63	0.61	0.53	0.44	0.65	0.99		0.63	0.89	0.86	PESA
NYT	0.66	0.66	0.62	0.58	0.38	0.65	0.63		0.59	0.56	NYT
XPGB	0.68	0.65	0.6	0.5	0.59	0.9	0.89	0.59		0.98	XPGB
XPG	0.63	0.61	0.54	0.45	0.61	0.88	0.86	0.56	0.98		XPG
	RDEB	RDED	WOSB	WOS	IEA	PES	PESA	NYT	XPGB	XPG

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Risk-Adjusted Indicators

There is a big difference between Schibsted Stock performing well and Schibsted ASA 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 Schibsted ASA'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
RDEB	1.02	0.02	0.00	(0.71)	1.36	(1.08)	2.22	(2.38)	9.11
RDED	0.99	0.02	0.00	0.11	1.06	(1.45)	2.75	(1.83)	7.00
WOSB	0.95	0.03	0.02	0.11	0.99	(1.14)	1.70	(1.84)	7.27
WOS	1.17	0.02	0.00	0.11	1.25	(1.63)	3.13	(1.95)	9.02
IEA	0.94	(0.01)	(0.02)	(0.05)	1.01	(1.56)	2.02	(1.92)	6.83
PES	0.91	0.34	0.40	(2.72)	0.27	(1.16)	2.81	(1.21)	8.69
PESA	0.98	0.35	0.30	0.95	0.54	(1.41)	2.80	(1.64)	5.34
NYT	1.13	0.06	0.03	0.09	1.51	(1.46)	3.31	(1.91)	10.50
XPGB	1.46	0.06	0.02	(0.77)	1.90	(1.53)	2.73	(2.85)	9.87
XPG	1.49	0.10	0.04	(0.64)	1.67	(1.75)	3.32	(2.46)	11.28

Be your own money manager

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

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

Andrew Kvalseth	Chief Officer	Profile
Sven Thaulow	Chief Officer	Profile
JannBoje Meinecke	VP Relations	Profile
Kristin Lund	Chief Officer	Profile
Raoul Grnthal	Ex NEXT	Profile
Mette Krogsrud	EVP Officer	Profile
Dan Ouchterlony	Ex Venture	Profile

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