Orsted AS Correlations

D2G Stock

EUR 40.62 0.82 2.06%

The current 90-days correlation between Orsted AS and Fanuc is 0.18 (i.e., Average diversification). The correlation of Orsted 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.

Orsted AS Correlation With Market

Good diversification

The correlation between Orsted AS and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orsted AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Orsted 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 Orsted 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 Orsted 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 Orsted AS to buy it.

Moving together with Orsted Stock

0.66	CRP	China Resources Power	Pair Corr
0.75	JOT	ELEKTROBIT	Pair Corr
0.62	FA2	FORWARD AIR P	Pair Corr

Moving against Orsted Stock

0.48	BZG2	BANK CENTRAL ASIA Earnings Call This Week	Pair Corr
0.46	HEH	Power Assets Holdings	Pair Corr
0.4	PQ9	BANK MANDIRI	Pair Corr
0.39	PQ9	PT Bank Mandiri	Pair Corr
0.36	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.46	ALV	Allianz SE	Pair Corr
0.4	VOL4	VOLVO B UNSPADR	Pair Corr

Related Correlations Analysis

	D2G	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA	FUC
D2G		0.39	-0.18	-0.52	0.09	0.15	0.38	0.59	0.29	-0.5	D2G
94P	0.39		0.29	0.11	0.68	0.7	0.81	0.66	0.79	-0.07	94P
2DG	-0.18	0.29		0.62	0.2	0.72	0.54	0.28	0.64	0.48	2DG
IUI1	-0.52	0.11	0.62		0.28	0.52	0.22	-0.2	0.39	0.79	IUI1
6HW	0.09	0.68	0.2	0.28		0.5	0.59	0.31	0.57	0.17	6HW
CZX	0.15	0.7	0.72	0.52	0.5		0.81	0.58	0.92	0.4	CZX
RS6	0.38	0.81	0.54	0.22	0.59	0.81		0.75	0.93	0.0	RS6
3RKU	0.59	0.66	0.28	-0.2	0.31	0.58	0.75		0.71	-0.26	3RKU
VUSA	0.29	0.79	0.64	0.39	0.57	0.92	0.93	0.71		0.23	VUSA
FUC	-0.5	-0.07	0.48	0.79	0.17	0.4	0.0	-0.26	0.23		FUC
	D2G	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA	FUC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VUSA	+ 0.93	RS6
VUSA	+ 0.92	CZX
RS6	+ 0.81	94P
RS6	+ 0.81	CZX
VUSA	+ 0.79	94P
FUC	+ 0.79	IUI1

High negative correlations

IUI1	- 0.52	D2G
FUC	- 0.5	D2G
FUC	- 0.26	3RKU
3RKU	- 0.2	IUI1
2DG	- 0.18	D2G
FUC	- 0.07	94P

Risk-Adjusted Indicators

There is a big difference between Orsted Stock performing well and Orsted 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 Orsted 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
D2G	1.96	0.14	(0.01)	(0.47)	2.27	(2.20)	5.84	(3.66)	20.14
94P	1.26	0.14	0.02	0.55	1.45	(1.62)	3.01	(2.63)	10.45
2DG	3.52	0.36	0.08	0.51	3.07	(6.61)	9.68	(5.71)	20.87
IUI1	1.24	0.01	(0.05)	0.16	1.67	(1.33)	2.92	(2.21)	9.48
6HW	0.64	0.14	0.01	3.49	0.60	(1.27)	2.46	(1.79)	5.60
CZX	0.58	0.17	0.04	(7.17)	0.30	(0.97)	1.69	(0.58)	4.92
RS6	1.12	0.23	0.08	3.17	1.03	(1.26)	2.81	(1.99)	7.01
3RKU	1.73	0.55	0.19	(16.29)	1.62	(2.23)	4.11	(3.40)	11.00
VUSA	0.81	0.19	0.06	(144.91)	0.79	(0.93)	2.65	(1.30)	6.39
FUC	1.50	(0.02)	(0.05)	0.09	1.84	(1.51)	2.96	(3.06)	9.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Orsted 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?

Run Portfolio Backtesting Now

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios

All Next

Launch Module

Orsted AS Corporate Management

Elected by the shareholders, the Orsted AS's board of directors comprises two types of representatives: Orsted AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orsted. The board's role is to monitor Orsted AS's management team and ensure that shareholders' interests are well served. Orsted AS'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, Orsted AS's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anders Hansen	VP Legal	Profile
Jakob Boss	Sr Relations	Profile
Richard Hunter	Chief Officer	Profile
Anders Pedersen	Head Office	Profile
Mads Nipper	Group CEO	Profile
Rasmus Haervig	Head Relations	Profile
Henriette Ellekrog	Ex Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC