Bouvet Correlations
| BOUV Stock | NOK 63.00 0.50 0.79% |
The correlation of Bouvet 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bouvet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bouvet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Bouvet and NYA is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bouvet and NYA in the same portfolio, assuming nothing else is changed.
Bouvet |
The ability to find closely correlated positions to Bouvet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bouvet 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 Bouvet - 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 Bouvet to buy it.
Moving against Bouvet Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Bouvet Stock performing well and Bouvet 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 Bouvet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUDL | 3.38 | (0.03) | 0.00 | 0.08 | 0.00 | 8.33 | 21.68 | |||
| XPLRA | 2.74 | (0.20) | 0.00 | (0.20) | 0.00 | 7.45 | 13.72 | |||
| OSUN | 3.34 | (0.40) | 0.00 | 0.45 | 0.00 | 8.13 | 22.58 | |||
| PLT | 5.43 | (0.88) | 0.00 | 0.61 | 0.00 | 10.61 | 56.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bouvet 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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Bouvet Corporate Management
Elected by the shareholders, the Bouvet's board of directors comprises two types of representatives: Bouvet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bouvet. The board's role is to monitor Bouvet's management team and ensure that shareholders' interests are well served. Bouvet'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, Bouvet's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eivind Lund | VP Region | Profile | |
| Axel Borge | VP Sesam | Profile | |
| Anders Lennartzon | Chief Officer | Profile | |
| Trude Hole | Chief Officer | Profile | |
| Simen Sommerfeldt | Chief Officer | Profile | |
| Anders EriksenVolle | Chief Officer | Profile |
Other Information on Investing in Bouvet Stock
Bouvet financial ratios help investors to determine whether Bouvet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bouvet with respect to the benefits of owning Bouvet security.