SAS AB Correlations
| SASNO Stock | NOK 0.03 0.0005 2.02% |
The correlation of SAS AB 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 SAS AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAS AB 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 SAS AB and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAS AB and NYA in the same portfolio, assuming nothing else is changed.
SAS |
The ability to find closely correlated positions to SAS AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAS AB 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 SAS AB - 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 SAS AB to buy it.
Moving against SAS Stock
Related Correlations Analysis
| 0.42 | 0.28 | 0.59 | 0.31 | 0.32 | 0.68 | ODL | ||
| 0.42 | -0.05 | 0.56 | 0.51 | 0.57 | 0.51 | 5PG | ||
| 0.28 | -0.05 | 0.07 | -0.33 | -0.36 | 0.0 | OTL | ||
| 0.59 | 0.56 | 0.07 | 0.61 | 0.5 | 0.74 | NTG | ||
| 0.31 | 0.51 | -0.33 | 0.61 | 0.44 | 0.41 | RECSI | ||
| 0.32 | 0.57 | -0.36 | 0.5 | 0.44 | 0.65 | ABTEC | ||
| 0.68 | 0.51 | 0.0 | 0.74 | 0.41 | 0.65 | NORAM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SAS Stock performing well and SAS AB 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 SAS AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ODL | 1.22 | 0.38 | 0.14 | (0.83) | 1.43 | 2.75 | 7.18 | |||
| 5PG | 2.13 | (0.02) | (0.03) | (0.10) | 2.60 | 4.76 | 21.98 | |||
| OTL | 1.66 | 0.32 | 0.15 | 0.97 | 1.52 | 5.03 | 16.27 | |||
| NTG | 2.32 | 0.30 | 0.03 | (0.30) | 2.81 | 7.65 | 21.27 | |||
| RECSI | 2.55 | (0.23) | 0.00 | (0.65) | 0.00 | 5.47 | 14.29 | |||
| ABTEC | 2.71 | 0.00 | 0.00 | 0.08 | 0.00 | 9.42 | 22.22 | |||
| NORAM | 1.45 | 0.22 | 0.07 | (0.64) | 1.53 | 3.05 | 9.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SAS AB 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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SAS AB Corporate Management
Elected by the shareholders, the SAS AB's board of directors comprises two types of representatives: SAS AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAS. The board's role is to monitor SAS AB's management team and ensure that shareholders' interests are well served. SAS AB'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, SAS AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carina BEcon | Ex Staff | Profile | |
| AnnSofie Hrlin | Head Sustainability | Profile | |
| Louise Bergstrom | VP Relations | Profile | |
| Erno MSc | Ex CFO | Profile | |
| Marie Wohlfahrt | G Sec | Profile | |
| Karin Nyman | VP Communications | Profile | |
| Anko Werff | Pres CEO | Profile |
Already Invested in SAS AB?
The danger of trading SAS AB 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 SAS AB 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 SAS AB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SAS AB 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.
When determining whether SAS AB is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SAS Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sas Ab Stock. Highlighted below are key reports to facilitate an investment decision about Sas Ab Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAS AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in SAS Stock, please use our How to Invest in SAS AB guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for SAS Stock analysis
When running SAS AB's price analysis, check to measure SAS AB'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 SAS AB is operating at the current time. Most of SAS AB's value examination focuses on studying past and present price action to predict the probability of SAS AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SAS AB's price. Additionally, you may evaluate how the addition of SAS AB to your portfolios can decrease your overall portfolio volatility.
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