River Tech Correlations
| RIVER Stock | NOK 25.40 0.60 2.31% |
The correlation of River Tech 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 River Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if River Tech plc 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.
Average diversification
The correlation between River Tech plc and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding River Tech plc and NYA in the same portfolio, assuming nothing else is changed.
River |
The ability to find closely correlated positions to River Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace River Tech 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 River Tech - 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 River Tech plc to buy it.
Moving together with River Stock
Moving against River Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between River Stock performing well and River Tech 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 River Tech'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 | 2.75 | (0.62) | 0.00 | (0.66) | 0.00 | 4.35 | 21.68 | |||
| XPLRA | 2.35 | 0.07 | (0.01) | (0.18) | 2.63 | 7.45 | 13.72 | |||
| OSUN | 3.32 | (0.08) | 0.00 | (0.04) | 0.00 | 8.72 | 20.77 | |||
| PLT | 5.40 | (1.96) | 0.00 | 1.30 | 0.00 | 7.20 | 56.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in River Tech 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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River Tech Corporate Management
Elected by the shareholders, the River Tech's board of directors comprises two types of representatives: River Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of River. The board's role is to monitor River Tech's management team and ensure that shareholders' interests are well served. River Tech'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, River Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniela Pulis | Chief Officer | Profile | |
| Luke Ciantar | Chief Officer | Profile | |
| Joseph DeBono | Chief Officer | Profile | |
| Kent Staahle | Ex Director | Profile | |
| Adrian Imbroll | Company Sec | Profile | |
| Pawlu Frendo | Chief Officer | Profile | |
| Prem Norom | Chief Ltd | Profile |
Already Invested in River Tech plc?
The danger of trading River Tech plc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of River Tech is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than River Tech. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile River Tech plc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in River Tech plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for River Stock analysis
When running River Tech's price analysis, check to measure River Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy River Tech is operating at the current time. Most of River Tech's value examination focuses on studying past and present price action to predict the probability of River Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move River Tech's price. Additionally, you may evaluate how the addition of River Tech to your portfolios can decrease your overall portfolio volatility.
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