Europris ASA Correlations

EPR Stock

NOK 98.90 0.10 0.10%

The current 90-days correlation between Europris ASA and Austevoll Seafood ASA is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Europris ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Europris ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Europris ASA Correlation With Market

Good diversification

The correlation between Europris ASA and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europris ASA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Europris ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Europris ASA 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 Europris ASA - 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 Europris ASA to buy it.

Moving together with Europris Stock

0.64	BAKKA	Pf Bakkafrost	Pair Corr
0.64	SALM	SalMar ASA	Pair Corr
0.78	SNI	Stolt Nielsen Limited	Pair Corr
0.79	TRMED	Thor Medical ASA	Pair Corr

Moving against Europris Stock

0.49	PYRUM	Pyrum Innovations	Pair Corr
0.37	YAR	Yara International ASA	Pair Corr

Related Correlations Analysis

	AUSS	GSF	LSG	AKBM	BAKKA	ISLAX	DELIA	SALME	AFISH	ANDF
AUSS		0.38	0.43	-0.3	0.39	0.08	0.04	0.1	0.34	-0.65	AUSS
GSF	0.38		0.07	-0.33	-0.1	0.25	0.37	0.47	0.0	-0.52	GSF
LSG	0.43	0.07		0.55	0.89	-0.71	-0.16	-0.4	0.35	0.21	LSG
AKBM	-0.3	-0.33	0.55		0.61	-0.82	-0.5	-0.52	0.25	0.72	AKBM
BAKKA	0.39	-0.1	0.89	0.61		-0.75	-0.36	-0.43	0.45	0.24	BAKKA
ISLAX	0.08	0.25	-0.71	-0.82	-0.75		0.3	0.67	-0.11	-0.59	ISLAX
DELIA	0.04	0.37	-0.16	-0.5	-0.36	0.3		0.27	-0.34	-0.18	DELIA
SALME	0.1	0.47	-0.4	-0.52	-0.43	0.67	0.27		0.19	-0.36	SALME
AFISH	0.34	0.0	0.35	0.25	0.45	-0.11	-0.34	0.19		0.0	AFISH
ANDF	-0.65	-0.52	0.21	0.72	0.24	-0.59	-0.18	-0.36	0.0		ANDF
	AUSS	GSF	LSG	AKBM	BAKKA	ISLAX	DELIA	SALME	AFISH	ANDF

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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

BAKKA	+ 0.89	LSG
ANDF	+ 0.72	AKBM
SALME	+ 0.67	ISLAX
BAKKA	+ 0.61	AKBM
AKBM	+ 0.55	LSG
SALME	+ 0.47	GSF

High negative correlations

ISLAX	- 0.82	AKBM
ISLAX	- 0.75	BAKKA
ISLAX	- 0.71	LSG
ANDF	- 0.65	AUSS
ANDF	- 0.59	ISLAX
SALME	- 0.52	AKBM

Risk-Adjusted Indicators

There is a big difference between Europris Stock performing well and Europris ASA 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 Europris ASA'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
AUSS	0.98	0.08	0.01	0.75	1.23	(1.03)	2.06	(1.92)	6.19
GSF	1.23	0.01	(0.05)	0.02	1.44	(1.32)	2.27	(1.95)	7.83
LSG	1.10	0.15	0.07	1.10	1.17	(1.23)	2.37	(2.10)	6.14
AKBM	1.64	0.10	0.01	(1.26)	1.70	(2.11)	4.30	(3.10)	9.11
BAKKA	1.33	0.25	0.15	0.67	1.09	(1.70)	2.85	(2.33)	8.10
ISLAX	1.68	(0.23)	0.00	0.34	0.00	0.00	3.49	(4.83)	12.24
DELIA	2.64	1.77	1.54	(12.26)	0.00	(4.22)	7.46	(1.47)	8.84
SALME	1.16	(0.25)	0.00	(2.10)	0.00	0.00	2.32	(2.07)	5.88
AFISH	3.62	(0.28)	0.00	(0.02)	0.00	0.00	11.11	(6.84)	34.35
ANDF	1.15	(0.07)	0.00	(0.24)	0.00	0.00	2.27	(2.29)	10.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Europris ASA 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.

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Europris ASA Corporate Management

Elected by the shareholders, the Europris ASA's board of directors comprises two types of representatives: Europris ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Europris. The board's role is to monitor Europris ASA's management team and ensure that shareholders' interests are well served. Europris ASA'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, Europris ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Trine Englokken	B Controller	Profile
Espen Eldal	Chief Officer	Profile
Kristine Froberg	Strategy HR	Profile
Stina Byre	Chief Officer	Profile
Torhild Larsen	Chief Accountant	Profile
Martin Bjrklund	Group Director	Profile

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