| MELG Stock | | | NOK 156.00 1.00 0.65% |
Generate correlation matrix for Melhus Sparebank and other related equities to check the degree to which Melhus Sparebank price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Melhus Sparebank. To filter out specific equities, please toggle its corresponding legend item. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melhus Sparebank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in board of governors.
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Please note, there is a significant difference between Melhus Sparebank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Melhus Sparebank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Melhus Sparebank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Correlations
Risk-Adjusted Indicators
There is a big difference between Melhus Stock performing well and Melhus Sparebank 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 Melhus Sparebank'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.