Danske Andelskassers Correlations
| DAB Stock | DKK 14.75 0.05 0.34% |
The current 90-days correlation between Danske Andelskassers Bank and Vestjysk Bank AS is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danske Andelskassers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Andelskassers Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Danske Andelskassers Correlation With Market
Good diversification
The correlation between Danske Andelskassers Bank and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danske Andelskassers Bank and DJI in the same portfolio, assuming nothing else is changed.
Danske |
The ability to find closely correlated positions to Danske Andelskassers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danske Andelskassers 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 Danske Andelskassers - 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 Danske Andelskassers Bank to buy it.
Moving against Danske Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Danske Stock performing well and Danske Andelskassers 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 Danske Andelskassers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VJBA | 0.73 | 0.08 | 0.04 | 0.20 | 1.49 | 1.59 | 10.66 | |||
| SPNO | 0.22 | 0.00 | 0.01 | 0.04 | 0.25 | 0.48 | 2.38 | |||
| SKJE | 1.22 | (0.01) | 0.00 | (0.02) | 1.46 | 2.83 | 6.96 | |||
| RTX | 1.93 | 0.39 | 0.24 | (0.55) | 1.43 | 4.38 | 13.82 | |||
| LOLB | 1.14 | 0.30 | 0.16 | 1.17 | 1.15 | 2.52 | 8.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danske Andelskassers 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.Did you try this?
Run Funds Screener Now
Funds ScreenerFind actively-traded funds from around the world traded on over 30 global exchanges |
| All Next | Launch Module |
Danske Andelskassers Corporate Management
Elected by the shareholders, the Danske Andelskassers' board of directors comprises two types of representatives: Danske Andelskassers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danske. The board's role is to monitor Danske Andelskassers' management team and ensure that shareholders' interests are well served. Danske Andelskassers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Danske Andelskassers' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Morten Andersen | Head Credit | Profile | |
| Tine Pallesen | Head Communications | Profile | |
| Jan Pedersen | CEO Board | Profile | |
| Jens Srensen | Head Services | Profile | |
| Jens Hansen | Chief Officer | Profile | |
| Kristian Srensen | Head Audit | Profile | |
| Thomas Schack | Controller | Profile |