Sampo Oyj Correlations
| SAXPF Stock | USD 44.16 3.41 8.37% |
The correlation of Sampo Oyj 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 Sampo Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sampo Oyj 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.
Significant diversification
The correlation between Sampo Oyj and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sampo Oyj and NYA in the same portfolio, assuming nothing else is changed.
Sampo |
The ability to find closely correlated positions to Sampo Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sampo Oyj 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 Sampo Oyj - 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 Sampo Oyj to buy it.
Moving against Sampo Pink Sheet
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| 0.48 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
| 0.44 | RGA | Reinsurance Group | PairCorr |
| 0.43 | AXAHY | Axa SA ADR | PairCorr |
| 0.42 | SND | Smart Sand | PairCorr |
| 0.42 | TPB | Turning Point Brands | PairCorr |
| 0.41 | SFM | Sprouts Farmers Market | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Sampo Pink Sheet performing well and Sampo Oyj 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 Sampo Oyj'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGESY | 0.88 | 0.22 | 0.15 | 0.51 | 0.87 | 2.18 | 5.15 | |||
| NNGRY | 0.90 | 0.25 | 0.22 | 0.46 | 0.67 | 1.78 | 11.01 | |||
| ATH-PC | 0.35 | 0.02 | (0.18) | (0.13) | 0.37 | 0.76 | 2.01 | |||
| ARZGY | 0.74 | 0.27 | 0.25 | 1.08 | 0.37 | 1.87 | 4.80 | |||
| SLF | 0.79 | (0.09) | 0.00 | (0.01) | 0.00 | 1.32 | 8.64 | |||
| ORI | 0.72 | 0.11 | 0.09 | 0.23 | 0.81 | 1.53 | 4.02 | |||
| ACGL | 1.02 | 0.22 | 0.16 | 0.54 | 0.93 | 2.89 | 7.70 | |||
| HIG | 0.78 | 0.14 | 0.07 | 0.37 | 1.26 | 1.70 | 5.89 | |||
| EQH | 0.98 | 0.21 | 0.16 | 0.38 | 0.81 | 2.12 | 5.54 | |||
| AIG | 0.86 | 0.15 | 0.13 | 0.24 | 0.89 | 1.90 | 6.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sampo Oyj 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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Sampo Oyj Corporate Management
Elected by the shareholders, the Sampo Oyj's board of directors comprises two types of representatives: Sampo Oyj inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sampo. The board's role is to monitor Sampo Oyj's management team and ensure that shareholders' interests are well served. Sampo Oyj'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, Sampo Oyj's outside directors are responsible for providing unbiased perspectives on the board's policies.
| KnutArne Alsaker | CFO Committee | Profile | |
| Morten Thorsrud | Head of Business Area Private, If P&C Insurance Ltd, Member of the Executive Committee | Profile | |
| Ricard Wennerklint | Deputy MD of If P&C Insurance Holding Ltd; Member of the Executive Committee | Profile | |
| Maria Silander | Media Mang | Profile | |
| Torbjorn Magnusson | MD of If P&C Insurance Ltd, Member of the Executive Committee | Profile | |
| Ingrid Holthe | Head of If Business Area Private, Member of the Executive Committee | Profile | |
| Johan Brjesson | Group HR | Profile |
Already Invested in Sampo Oyj?
The danger of trading Sampo Oyj 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 Sampo Oyj 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 Sampo Oyj. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sampo Oyj 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sampo Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Sampo Pink Sheet analysis
When running Sampo Oyj's price analysis, check to measure Sampo Oyj'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 Sampo Oyj is operating at the current time. Most of Sampo Oyj's value examination focuses on studying past and present price action to predict the probability of Sampo Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sampo Oyj's price. Additionally, you may evaluate how the addition of Sampo Oyj to your portfolios can decrease your overall portfolio volatility.
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