NAS.OL vs. KCR.HE
NAS.OL (Norwegian Air Shuttle ASA) and KCR.HE (Konecranes Plc) are both stocks. Both are in the Industrials sector — NAS.OL in Airlines, KCR.HE in Farm & Heavy Construction Machinery. Over the past 10 years, NAS.OL returned -46.82%/yr vs 21.57%/yr for KCR.HE. At a 0.21 correlation, their price movements are largely independent.
Performance
NAS.OL vs. KCR.HE - Performance Comparison
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Different Trading Currencies
NAS.OL is traded in NOK, while KCR.HE is traded in EUR. To make them comparable, the KCR.HE values have been converted to NOK using the latest available exchange rates.
Returns By Period
In the year-to-date period, NAS.OL achieves a -11.35% return, which is significantly lower than KCR.HE's 5.61% return. Over the past 10 years, NAS.OL has underperformed KCR.HE with an annualized return of -46.82%, while KCR.HE has yielded a comparatively higher 21.57% annualized return.
NAS.OL
- 1D
- -0.51%
- 1M
- 7.20%
- YTD
- -11.35%
- 6M
- -8.82%
- 1Y
- 16.33%
- 3Y*
- 9.42%
- 5Y*
- 8.21%
- 10Y*
- -46.82%
KCR.HE
- 1D
- 0.94%
- 1M
- 1.51%
- YTD
- 5.61%
- 6M
- 10.99%
- 1Y
- 49.12%
- 3Y*
- 43.41%
- 5Y*
- 28.11%
- 10Y*
- 21.57%
NAS.OL vs. KCR.HE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAS.OL Norwegian Air Shuttle ASA | -11.35% | 67.67% | 2.61% | 45.97% | -31.68% | -73.53% | -97.70% | -62.16% | -0.80% | -38.68% |
KCR.HE Konecranes Plc | 5.61% | 57.13% | 61.98% | 58.69% | -9.99% | 18.72% | 18.05% | 6.75% | -27.62% | 26.62% |
Correlation
The correlation between NAS.OL and KCR.HE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2007 | 0.21 |
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Return for Risk
NAS.OL vs. KCR.HE — Risk / Return Rank
NAS.OL
KCR.HE
NAS.OL vs. KCR.HE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Air Shuttle ASA (NAS.OL) and Konecranes Plc (KCR.HE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NAS.OL | KCR.HE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.93 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.69 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.55 | 5.64 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAS.OL | KCR.HE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.18 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.22 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | 0.23 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.17 | -0.42 |
Drawdowns
NAS.OL vs. KCR.HE - Drawdown Comparison
The maximum NAS.OL drawdown since its inception was -99.94%, which is greater than KCR.HE's maximum drawdown of -71.87%. Use the drawdown chart below to compare losses from any high point for NAS.OL and KCR.HE.
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Drawdown Indicators
| NAS.OL | KCR.HE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -71.87% | -28.07% |
Max Drawdown (1Y)Largest decline over 1 year | -25.87% | -71.87% | +46.00% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -71.87% | +26.27% |
Max Drawdown (5Y)Largest decline over 5 years | -50.36% | -71.87% | +21.51% |
Max Drawdown (10Y)Largest decline over 10 years | -99.93% | -71.87% | -28.06% |
Current DrawdownCurrent decline from peak | -99.84% | -14.17% | -85.67% |
Average DrawdownAverage peak-to-trough decline | -53.49% | -19.57% | -33.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 8.76% | +1.97% |
Volatility
NAS.OL vs. KCR.HE - Volatility Comparison
Norwegian Air Shuttle ASA (NAS.OL) has a higher volatility of 15.25% compared to Konecranes Plc (KCR.HE) at 8.96%. This indicates that NAS.OL's price experiences larger fluctuations and is considered to be riskier than KCR.HE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAS.OL | KCR.HE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.25% | 8.96% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 29.13% | 175.04% | -145.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.18% | 281.25% | -243.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.14% | 129.52% | -84.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.33% | 94.53% | -15.20% |
Dividends
NAS.OL vs. KCR.HE - Dividend Comparison
NAS.OL's dividend yield for the trailing twelve months is around 11.60%, less than KCR.HE's 24.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCR.HE Konecranes Plc | 24.35% | 1.76% | 2.21% | 3.07% | 4.35% | 2.50% | 4.17% | 4.38% | 4.55% | 2.75% | 3.11% | 4.59% |
NAS.OL Norwegian Air Shuttle ASA | 11.60% | 5.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NAS.OL vs. KCR.HE - Financials Comparison
This section allows you to compare key financial metrics between Norwegian Air Shuttle ASA and Konecranes Plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NAS.OL and KCR.HE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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