BankInvest Value Correlations

BAIVGAA Stock

DKK 87.94 0.72 0.81%

The current 90-days correlation between BankInvest Value Globale and PARKEN Sport Entertainment is -0.09 (i.e., Good 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

Significant diversification

The correlation between BankInvest Value Globale and DJI is 0.04 (i.e., Significant 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 together with BankInvest Stock

0.75

COLO-B

Coloplast AS

Pair Corr

Moving against BankInvest Stock

0.88	MAERSK-B	AP Mller	Pair Corr
0.86	MAERSK-A	AP Mller	Pair Corr
0.8	ORSTED	Orsted AS	Pair Corr
0.63	CARL-B	Carlsberg AS	Pair Corr
0.58	VWS	Vestas Wind Systems	Pair Corr
0.54	NDA-DK	Nordea Bank Abp	Pair Corr

Related Correlations Analysis

	PARKEN	RILBA	FYNBK	GRLA	LOLB	BAIKLA	LASP
PARKEN		0.14	0.36	0.36	0.38	0.12	0.31	PARKEN
RILBA	0.14		-0.03	0.32	0.39	-0.5	0.38	RILBA
FYNBK	0.36	-0.03		-0.26	0.11	0.25	0.02	FYNBK
GRLA	0.36	0.32	-0.26		0.67	0.08	0.71	GRLA
LOLB	0.38	0.39	0.11	0.67		0.42	0.94	LOLB
BAIKLA	0.12	-0.5	0.25	0.08	0.42		0.44	BAIKLA
LASP	0.31	0.38	0.02	0.71	0.94	0.44		LASP
	PARKEN	RILBA	FYNBK	GRLA	LOLB	BAIKLA	LASP

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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	+ 0.94	LOLB
LASP	+ 0.71	GRLA
LOLB	+ 0.67	GRLA
LASP	+ 0.44	BAIKLA
BAIKLA	+ 0.42	LOLB
LOLB	+ 0.39	RILBA

High negative correlations

BAIKLA	- 0.5	RILBA
GRLA	- 0.26	FYNBK
FYNBK	- 0.03	RILBA

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
PARKEN	1.02	0.19	0.13	1.12	1.34	(1.18)	1.87	(1.47)	15.34
RILBA	0.86	0.09	0.07	(0.38)	1.54	(0.83)	2.01	(1.75)	6.86
FYNBK	1.49	0.07	0.04	(0.48)	1.91	(1.73)	3.38	(3.31)	9.21
GRLA	1.49	0.15	0.06	(0.24)	2.20	(1.98)	3.47	(2.50)	8.57
LOLB	1.14	0.29	0.17	(0.84)	1.15	(1.53)	2.52	(2.42)	8.64
BAIKLA	0.80	(0.19)	0.00	(4.99)	0.00	0.00	1.48	(2.19)	4.60
LASP	0.88	0.20	0.18	(3.09)	0.76	(1.22)	1.46	(1.42)	5.52

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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