BankInvest Value Correlations

BAIVGAA Stock

DKK 91.76 0.40 0.44%

The current 90-days correlation between BankInvest Value Globale and BankInv Kort HY is 0.26 (i.e., Modest diversification). The correlation of BankInvest Value is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

BankInvest Value Correlation With Market

Good diversification

The correlation between BankInvest Value Globale and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Value Globale and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BankInvest Stock

0.85	MAERSK-B	AP Mller	Pair Corr
0.7	MAERSK-A	AP Mller	Pair Corr
0.65	DKIGLOVO	Danske Invest	Pair Corr
0.64	ORSTED	Orsted AS	Pair Corr
0.49	VWS	Vestas Wind Systems	Pair Corr
0.48	NOVO-B	Novo Nordisk AS	Pair Corr
0.48	DKINYM	Investeringsforeningen	Pair Corr
0.42	MAJDKO	Maj Invest	Pair Corr
0.35	ESG	Ennogie Solar Group	Pair Corr
0.33	CARL-B	Carlsberg AS	Pair Corr

Related Correlations Analysis

	BAIKHYORLA	LASP	NORTHM	FOM	SKJE	DATA	NRDF
BAIKHYORLA		0.85	-0.28	-0.82	0.44	0.61	0.8	BAIKHYORLA
LASP	0.85		-0.24	-0.78	0.54	0.77	0.84	LASP
NORTHM	-0.28	-0.24		0.17	-0.25	-0.46	-0.3	NORTHM
FOM	-0.82	-0.78	0.17		-0.65	-0.48	-0.88	FOM
SKJE	0.44	0.54	-0.25	-0.65		0.5	0.82	SKJE
DATA	0.61	0.77	-0.46	-0.48	0.5		0.67	DATA
NRDF	0.8	0.84	-0.3	-0.88	0.82	0.67		NRDF
	BAIKHYORLA	LASP	NORTHM	FOM	SKJE	DATA	NRDF

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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

LASP	+ 0.85	BAIKHYORLA
NRDF	+ 0.84	LASP
NRDF	+ 0.82	SKJE
NRDF	+ 0.8	BAIKHYORLA
DATA	+ 0.77	LASP
NRDF	+ 0.67	DATA

High negative correlations

NRDF	- 0.88	FOM
FOM	- 0.82	BAIKHYORLA
FOM	- 0.78	LASP
SKJE	- 0.65	FOM
DATA	- 0.48	FOM
DATA	- 0.46	NORTHM

Risk-Adjusted Indicators

There is a big difference between BankInvest Stock performing well and BankInvest Value 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 BankInvest Value'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
BAIKHYORLA	0.16	0.01	0.12	(0.32)	0.17	(0.17)	0.48	(0.43)	1.34
LASP	0.90	0.21	0.18	(7.80)	0.77	(1.27)	2.04	(2.00)	5.52
NORTHM	1.02	(0.08)	0.00	(0.60)	0.00	0.00	2.00	(1.96)	12.24
FOM	2.91	(0.59)	0.00	180.25	0.00	0.00	6.25	(5.46)	19.67
SKJE	1.64	0.47	0.28	2.03	1.20	(2.32)	3.91	(2.45)	13.81
DATA	1.38	0.18	0.11	1.15	1.26	(2.16)	3.45	(2.52)	7.83
NRDF	0.69	0.13	0.15	(1.48)	0.57	(1.09)	1.70	(1.23)	6.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in BankInvest Value 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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