Demant AS Correlations
| WILYY Stock | USD 19.37 0.51 2.70% |
The current 90-days correlation between Demant AS ADR and CochLear Ltd ADR is -0.13 (i.e., Good diversification). The correlation of Demant AS 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.
Demant AS Correlation With Market
Good diversification
The correlation between Demant AS ADR and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Demant AS ADR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Demant AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Demant AS 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 Demant AS - 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 Demant AS ADR to buy it.
Moving together with Demant Pink Sheet
| 0.63 | SEMHF | Siemens Healthineers | PairCorr |
| 0.63 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.64 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.8 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.89 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Demant Pink Sheet
| 0.75 | BSX | Boston Scientific Corp | PairCorr |
| 0.48 | GMNFF | GobiMin | PairCorr |
| 0.47 | SYK | Stryker | PairCorr |
| 0.47 | DXCM | DexCom Inc | PairCorr |
| 0.39 | AWCMF | Alumina Limited | PairCorr |
| 0.38 | ABT | Abbott Laboratories Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.85 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.84 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | HPQ | HP Inc | PairCorr |
| 0.76 | HD | Home Depot | PairCorr |
| 0.75 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.71 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.7 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.34 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | 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 Demant Pink Sheet performing well and Demant AS 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 Demant AS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHEOY | 1.11 | (0.07) | 0.00 | (0.03) | 0.00 | 2.86 | 6.77 | |||
| GNNDY | 1.28 | (0.27) | 0.00 | 18.15 | 0.00 | 2.73 | 8.52 | |||
| GGNDF | 0.89 | (0.44) | 0.00 | 1.81 | 0.00 | 0.00 | 15.33 | |||
| SMMNY | 1.12 | (0.18) | 0.00 | (0.16) | 0.00 | 3.82 | 8.08 | |||
| SONVY | 1.08 | (0.07) | 0.00 | (0.07) | 0.00 | 1.92 | 12.56 | |||
| CNMD | 1.90 | (0.04) | (0.01) | 0.09 | 2.35 | 4.56 | 10.92 | |||
| ICAD | 3.96 | 0.09 | 0.04 | 0.18 | 4.92 | 9.49 | 46.15 | |||
| TIVC | 4.66 | (0.11) | 0.00 | (0.02) | 0.00 | 12.12 | 79.31 | |||
| TLIS | 4.85 | (1.85) | 0.00 | 5.84 | 0.00 | 5.32 | 68.77 | |||
| BJDX | 6.37 | (0.90) | 0.00 | (2.25) | 0.00 | 13.03 | 120.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Demant AS 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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Demant AS Corporate Management
| Arne MBA | Pres Board | Profile | |
| Mathias Mller | Head Relations | Profile | |
| Trine KromannMikkelsen | VP Relations | Profile | |
| Niels Wagner | Head of Retail | Profile | |
| Finn Mohring | VP RD | Profile | |
| Sren Nielsen | Pres CEO | Profile | |
| Ren MSc | CFO Board | Profile |