NAS.OL vs. TGS.OL
NAS.OL (Norwegian Air Shuttle ASA) and TGS.OL (TGS NOPEC Geophysical Company ASA) are both stocks. NAS.OL operates in Airlines (Industrials), while TGS.OL operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, NAS.OL returned -46.94%/yr vs 56.99%/yr for TGS.OL. At a 0.18 correlation, their price movements are largely independent.
Performance
NAS.OL vs. TGS.OL - Performance Comparison
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Returns By Period
In the year-to-date period, NAS.OL achieves a -10.90% return, which is significantly lower than TGS.OL's 101.20% return. Over the past 10 years, NAS.OL has underperformed TGS.OL with an annualized return of -46.94%, while TGS.OL has yielded a comparatively higher 56.99% annualized return.
NAS.OL
- 1D
- -10.89%
- 1M
- 6.42%
- YTD
- -10.90%
- 6M
- -10.61%
- 1Y
- 16.85%
- 3Y*
- 8.24%
- 5Y*
- 8.32%
- 10Y*
- -46.94%
TGS.OL
- 1D
- -4.29%
- 1M
- 2.40%
- YTD
- 101.20%
- 6M
- 110.86%
- 1Y
- 251.57%
- 3Y*
- 86.97%
- 5Y*
- 82.09%
- 10Y*
- 56.99%
NAS.OL vs. TGS.OL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAS.OL Norwegian Air Shuttle ASA | -10.90% | 67.67% | 2.61% | 45.97% | -31.68% | -73.53% | -97.70% | -62.16% | -0.80% | -38.68% |
TGS.OL TGS NOPEC Geophysical Company ASA | 101.20% | 89.38% | 60.44% | 52.93% | 137.93% | -4.95% | -23.33% | 85.17% | 32.84% | 27.07% |
Correlation
The correlation between NAS.OL and TGS.OL is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2003 | 0.18 |
The correlation between NAS.OL and TGS.OL shifts across timeframes, from -0.15 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAS.OL vs. TGS.OL — Risk / Return Rank
NAS.OL
TGS.OL
NAS.OL vs. TGS.OL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norwegian Air Shuttle ASA (NAS.OL) and TGS NOPEC Geophysical Company ASA (TGS.OL). 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 | TGS.OL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.33 | ||
| Sortino ratioReturn per unit of downside risk | -4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.72 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 14.57 | -13.91 |
| Martin ratioReturn relative to average drawdown | 1.59 | 49.48 | -47.89 |
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 | TGS.OL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 4.78 | -4.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.59 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | 1.16 | -1.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.61 | -0.87 |
Drawdowns
NAS.OL vs. TGS.OL - Drawdown Comparison
The maximum NAS.OL drawdown since its inception was -99.94%, which is greater than TGS.OL's maximum drawdown of -82.61%. Use the drawdown chart below to compare losses from any high point for NAS.OL and TGS.OL.
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Drawdown Indicators
| NAS.OL | TGS.OL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -82.61% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.87% | -17.64% | -8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -37.42% | -8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -50.36% | -37.42% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -99.93% | -58.27% | -41.66% |
Current DrawdownCurrent decline from peak | -99.84% | -4.90% | -94.94% |
Average DrawdownAverage peak-to-trough decline | -53.48% | -21.42% | -32.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.70% | 5.17% | +5.53% |
Volatility
NAS.OL vs. TGS.OL - Volatility Comparison
Norwegian Air Shuttle ASA (NAS.OL) and TGS NOPEC Geophysical Company ASA (TGS.OL) have volatilities of 15.23% and 14.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAS.OL | TGS.OL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.23% | 14.67% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 29.29% | 30.91% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 53.97% | -15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.16% | 51.87% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.34% | 49.23% | +30.11% |
Dividends
NAS.OL vs. TGS.OL - Dividend Comparison
NAS.OL's dividend yield for the trailing twelve months is around 11.54%, less than TGS.OL's 39.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAS.OL Norwegian Air Shuttle ASA | 11.54% | 5.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGS.OL TGS NOPEC Geophysical Company ASA | 39.96% | 73.70% | 57.40% | 47.46% | 40.42% | 47.82% | 49.57% | 31.50% | 25.28% | 20.86% | 21.78% | 44.78% |
Financials
NAS.OL vs. TGS.OL - Financials Comparison
This section allows you to compare key financial metrics between Norwegian Air Shuttle ASA and TGS NOPEC Geophysical Company ASA. 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 TGS.OL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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