Danske Bank Correlations
| DNKEY Stock | USD 17.86 0.10 0.56% |
The current 90-days correlation between Danske Bank AS and Schweizerische Nationalbank is 0.21 (i.e., Modest diversification). The correlation of Danske Bank 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Danske Bank Correlation With Market
Modest diversification
The correlation between Danske Bank AS and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danske Bank AS and DJI in the same portfolio, assuming nothing else is changed.
Danske |
The ability to find closely correlated positions to Danske Bank 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 Bank 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 Bank - 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 Bank AS to buy it.
Moving together with Danske Pink Sheet
| 0.64 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.72 | GE | GE Aerospace | PairCorr |
| 0.92 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.77 | TRV | The Travelers Companies | PairCorr |
| 0.93 | JNJ | Johnson Johnson | PairCorr |
| 0.92 | KO | Coca Cola | PairCorr |
| 0.67 | CSCO | Cisco Systems | PairCorr |
| 0.88 | VZ | Verizon Communications | PairCorr |
| 0.79 | MCD | McDonalds | PairCorr |
| 0.65 | INTC | Intel | PairCorr |
Moving against Danske Pink Sheet
| 0.7 | AA | Alcoa Corp | PairCorr |
| 0.64 | CAT | Caterpillar | PairCorr |
| 0.62 | DIS | Walt Disney | PairCorr |
| 0.58 | AXP | American Express Sell-off Trend | PairCorr |
| 0.52 | HD | Home Depot | PairCorr |
| 0.5 | BAC | Bank of America Sell-off Trend | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Danske Pink Sheet performing well and Danske Bank 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 Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ISDAY | 0.62 | 0.10 | 0.00 | 0.49 | 0.00 | 0.00 | 6.55 | |||
| UNTN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAOB | 0.94 | 0.26 | 0.26 | (1.80) | 0.76 | 2.42 | 8.53 | |||
| SWZNF | 0.42 | 0.04 | 0.00 | 0.08 | 0.00 | 0.00 | 13.40 | |||
| JYSKY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOZOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGRPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIBRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danske Bank 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?
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Danske Bank Corporate Management
| Stephan Engels | CFO Team | Profile | |
| Johanna Norberg | Member Customers | Profile | |
| Mikael Deigaard | Global Officer | Profile | |
| Karsten Breum | Chief Team | Profile | |
| Frans Woelders | COO Team | Profile | |
| Magnus Agustsson | Chief Team | Profile | |
| Carsten Egeriis | Chief Risk Officer, Member of the Executive Board | Profile |