5Th Planet Correlations
| 5PG Stock | NOK 0.82 0.02 2.38% |
The current 90-days correlation between 5Th Planet Games and Instabank ASA is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 5Th Planet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 5Th Planet Games moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
5Th Planet Correlation With Market
Significant diversification
The correlation between 5Th Planet Games and DJI 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 5Th Planet Games and DJI in the same portfolio, assuming nothing else is changed.
5Th |
The ability to find closely correlated positions to 5Th Planet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 5Th Planet 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 5Th Planet - 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 5Th Planet Games to buy it.
Moving together with 5Th Stock
Moving against 5Th Stock
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between 5Th Stock performing well and 5Th Planet 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 5Th Planet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5PG | 2.47 | 0.17 | 0.03 | 0.95 | 2.89 | 5.80 | 16.17 | |||
| OLT | 0.99 | 0.31 | 0.20 | 2.64 | 0.64 | 1.49 | 22.66 | |||
| AKRBP | 1.14 | 0.05 | (0.01) | 0.29 | 1.31 | 3.04 | 6.80 | |||
| WWI | 1.02 | 0.19 | 0.06 | (3.44) | 1.42 | 2.01 | 8.32 | |||
| NONG | 0.72 | 0.03 | (0.01) | 0.14 | 0.84 | 1.51 | 4.12 | |||
| INSTA | 1.09 | 0.16 | 0.08 | 0.82 | 1.11 | 2.53 | 7.00 | |||
| AKER | 1.14 | 0.13 | 0.06 | 0.32 | 1.20 | 2.03 | 11.39 | |||
| YAR | 1.01 | 0.09 | 0.02 | 0.51 | 1.15 | 2.43 | 6.64 | |||
| ELO | 1.20 | 0.04 | 0.01 | 0.13 | 1.29 | 2.50 | 11.32 | |||
| TRMED | 2.84 | 0.26 | 0.07 | 0.45 | 3.13 | 6.67 | 21.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 5Th Planet 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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5Th Planet Corporate Management
Elected by the shareholders, the 5Th Planet's board of directors comprises two types of representatives: 5Th Planet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 5Th. The board's role is to monitor 5Th Planet's management team and ensure that shareholders' interests are well served. 5Th Planet'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, 5Th Planet's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Morgens Agger | VP Devel | Profile | |
| Richard Flower | CTO | Profile | |
| Peter Ekman | Chief Officer | Profile | |
| Mark Stanger | Chief Officer | Profile |