Sparebanken Competitors
| MORG Stock | NOK 119.70 2.70 2.31% |
Correlation: Sparebanken Mre vs Voss Veksel View
Poor diversification
The correlation between MORG and VVL is 0.62, which Macroaxis classifies as Poor diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving against Sparebanken Stock
The mean reversion effect in Sparebanken Mre is stronger when the initial deviation was driven by sentiment rather than fundamental change. Identifying the root cause of Sparebanken Mre's price dislocation is essential before acting.
Sparebanken Mre Competition Correlation Matrix
Correlation analysis between Sparebanken Mre and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sparebanken Stock performing well and Sparebanken Mre 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 Sparebanken Mre'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HELG | 1.13 | -0.09 | 0.00 | -0.99 | 0.00 | 2.09 | 6.73 | |||
| SOAG | 0.81 | -0.04 | 0.00 | -0.74 | 0.00 | 1.83 | 5.41 | |||
| RING | 0.74 | 0.29 | 0.33 | -1.03 | 0.48 | 2.01 | 6.75 | |||
| PARB | 0.88 | 0.03 | 0.05 | 0.23 | 1.34 | 1.75 | 7.09 | |||
| SPOG | 0.78 | 0.20 | 0.19 | -3.54 | 1.00 | 1.46 | 8.03 | |||
| ABG | 0.79 | 0.03 | 0.08 | 0.15 | 0.87 | 1.77 | 5.61 | |||
| SNOR | 0.99 | 0.10 | 0.11 | 0.92 | 1.11 | 1.75 | 4.91 | |||
| VVL | 0.85 | 0.13 | 0.13 | -0.48 | 0.89 | 2.02 | 5.39 |
Sparebanken Mre Competitive Analysis
A side-by-side look at Sparebanken Mre, Helgeland Sparebank, Sparebank, and Sparebank highlights where each stock leads or lags. Sparebanken Mre enters the comparison at 4.11 B with 1.53 B in revenue. Profitability stands at a 42.92% net margin with return on equity reaching 8.91%. Valuation multiples differ: Helgeland Sparebank at 9.02x P/E versus Sparebanken Mre at 2.47x, suggesting different growth expectations. Top-line revenue favors Sparebanken Mre by a wide margin: 1.53 B to 813.0 M. On pure scale, Sparebank is the bigger entity with market caps of 5.20 B versus 4.11 B.| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze Sparebanken Mre Against Peers
Sparebanken Mre's peer analysis compares Sparebanken Mre with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Sparebanken Mre trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Sparebanken Mre leads or lags and what catalysts could close or widen the gap.