Sydbank A/S Correlations

Stocks . Germany . 
Stock . Sydbank AS
TM2 Stock  EUR 59.75  0.45  0.76%   
The current 90-days correlation between Sydbank A/S and Playtech plc is 0.24 (i.e., Modest diversification). The correlation of Sydbank A/S 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.

Sydbank A/S Correlation With Market

Significant diversification

The correlation between Sydbank AS and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sydbank AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sydbank A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sydbank A/S 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 Sydbank A/S - 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 Sydbank AS to buy it.

Moving together with Sydbank Stock

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Moving against Sydbank Stock

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  0.87ABEA Alphabet Class APairCorr
  0.84HYB HOYAPairCorr

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   
KDIC
+ 0.86
M3P
KDIC
+ 0.61
5UM
COP
+ 0.61
M3P
M3P
+ 0.51
5UM
COP
+ 0.51
5UM
COP
+ 0.51
KDIC
  
High negative correlations   
M3P
- 0.61
22UA
KDIC
- 0.57
22UA
ESY
- 0.3
PL8
ESY
- 0.21
22UA
COP
- 0.07
22UA

Risk-Adjusted Indicators

There is a big difference between Sydbank Stock performing well and Sydbank A/S 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 Sydbank A/S'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sydbank A/S 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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Sydbank A/S Corporate Management

Elected by the shareholders, the Sydbank A/S's board of directors comprises two types of representatives: Sydbank A/S inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sydbank. The board's role is to monitor Sydbank A/S's management team and ensure that shareholders' interests are well served. Sydbank A/S's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sydbank A/S's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ole KirkbakHead AuditProfile
Louise DegnHansenHead CommunicationProfile
Kim NielsenHead GermanyProfile
Karen FrsigChief OfficerProfile
Jrn MllerDeputy ExecProfile
Nicolai FrederiksenHead MarketingProfile
Bjarne LarsenDeputy ExecProfile
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