Polight ASA Correlations
| PLT Stock | 5.89 -0.22 -3.60% |
The current 90-days correlation between Polight ASA and Elliptic Laboratories AS is 0.22 (i.e., Modest diversification).Polight ASA's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.
Polight ASA Market Correlation Overview
Weak diversification
Across the chosen horizon, PLT and DJI show a correlation of 0.39 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Polight |
The correlation view summarizes how Polight ASA aligns with comparable exposures. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.
Moving against Polight Stock
| 0.62 | AKER | Aker ASA | PairCorr |
| 0.61 | WAWI | Wallenius Wilhelmsen | PairCorr |
| 0.59 | AKSO | Aker Solutions ASA | PairCorr |
| 0.52 | KOG | Kongsberg Gruppen ASA | PairCorr |
| 0.46 | BWLPG | BW LPG | PairCorr |
| 0.43 | KIT | Kitron ASA | PairCorr |
| 0.32 | AASB | Aasen Sparebank | PairCorr |
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 Polight Stock performing well and Polight 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 Polight 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENSU | 1.49 | -0.39 | 0.00 | -1.54 | 0.00 | 2.56 | 9.71 | |||
| ELABS | 3.06 | -1.14 | 0.00 | -3.78 | 0.00 | 3.51 | 29.63 | |||
| NEXT | 4.87 | -1.71 | 0.00 | -0.88 | 0.00 | 3.13 | 124.00 | |||
| RECSI | 3.90 | -1.29 | 0.00 | -8.63 | 0.00 | 6.45 | 60.83 | |||
| ITERA | 1.46 | -0.15 | 0.00 | -0.38 | 0.00 | 3.37 | 10.83 | |||
| TECH | 1.69 | -0.13 | 0.00 | 0.24 | 0.00 | 3.85 | 11.72 | |||
| WSTEP | 1.20 | 0.04 | 0.03 | 0.02 | 1.31 | 3.28 | 9.29 | |||
| ARR | 2.45 | 0.14 | 0.07 | -3.22 | 2.64 | 6.32 | 13.83 | |||
| HDLY | 4.37 | 0.77 | 0.17 | 3.00 | 3.81 | 11.11 | 48.16 | |||
| CYVIZ | 1.10 | -0.04 | 0.00 | 0.18 | 0.00 | 2.10 | 7.80 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Polight ASA is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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Polight ASA Corporate Management
Governance review matters for Polight ASA because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.
| yvind Isaksen | Chief Officer | Profile | |
| Marianne Sandal | Chief Officer | Profile | |
| Jon Ulvensen | VP Technology | Profile | |
| Pierre Craen | Chief Officer | Profile | |
| Alf Bekkevik | Chief Officer | Profile |