Correlation Between Fynske Bank and Danske Invest
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By analyzing existing cross correlation between Fynske Bank AS and Danske Invest Select, you can compare the effects of market volatilities on Fynske Bank and Danske Invest and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Fynske Bank with a short position of Danske Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fynske Bank and Danske Invest.
Diversification Opportunities for Fynske Bank and Danske Invest
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Fynske and Danske is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Fynske Bank AS and Danske Invest Select in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Danske Invest Select and Fynske Bank is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fynske Bank AS are associated (or correlated) with Danske Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Danske Invest Select has no effect on the direction of Fynske Bank i.e., Fynske Bank and Danske Invest go up and down completely randomly.
Pair Corralation between Fynske Bank and Danske Invest
If you would invest 14,800 in Fynske Bank AS on October 25, 2024 and sell it today you would earn a total of 400.00 from holding Fynske Bank AS or generate 2.7% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 1.69% |
Values | Daily Returns |
Fynske Bank AS vs. Danske Invest Select
Performance |
Timeline |
Fynske Bank AS |
Danske Invest Select |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Fynske Bank and Danske Invest Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Fynske Bank and Danske Invest
The main advantage of trading using opposite Fynske Bank and Danske Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fynske Bank position performs unexpectedly, Danske Invest can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danske Invest will offset losses from the drop in Danske Invest's long position.Fynske Bank vs. Skjern Bank AS | Fynske Bank vs. Djurslands Bank | Fynske Bank vs. Sparekassen Sjaelland Fyn AS | Fynske Bank vs. Groenlandsbanken AS |
Danske Invest vs. Kreditbanken AS | Danske Invest vs. Nordinvestments AS | Danske Invest vs. Alefarm Brewing AS | Danske Invest vs. Djurslands Bank |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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