Danske Bank Correlations

DNSKF Stock

USD 45.60 0.00 0.00%

The current 90-days correlation between Danske Bank AS and LAir Liquide SA is 0.03 (i.e., Significant 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.

Danske Bank Correlation With Market

Average diversification

The correlation between Danske Bank AS and DJI is 0.13 (i.e., Average 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.

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

0.62	BBDC4	Banco Bradesco SA	Pair Corr
0.73	ZTLLF	Zonetail Earnings Call This Week	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.61	MRK	Merck Company Aggressive Push	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.78	INTC	Intel Aggressive Push	Pair Corr

Moving against Danske Pink Sheet

0.77	USB-PH	US Bancorp	Pair Corr
0.76	NSFDF	NXT Energy Solutions	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.63	IBN	ICICI Bank Limited	Pair Corr
0.61	BNPQF	BNP Paribas SA	Pair Corr
0.57	BNPQY	BNP Paribas SA	Pair Corr
0.83	T	ATT Inc	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.62	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.51	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	PBYI	SNCY	IGNE	AIQUF	RYAAY	LTM	VIR	PDSB
PBYI		-0.5	0.0	-0.32	0.45	-0.41	0.55	-0.28	PBYI
SNCY	-0.5		0.0	0.42	-0.05	0.76	-0.65	0.59	SNCY
IGNE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IGNE
AIQUF	-0.32	0.42	0.0		-0.38	0.5	-0.31	0.6	AIQUF
RYAAY	0.45	-0.05	0.0	-0.38		-0.12	0.3	-0.41	RYAAY
LTM	-0.41	0.76	0.0	0.5	-0.12		-0.55	0.6	LTM
VIR	0.55	-0.65	0.0	-0.31	0.3	-0.55		-0.58	VIR
PDSB	-0.28	0.59	0.0	0.6	-0.41	0.6	-0.58		PDSB
	PBYI	SNCY	IGNE	AIQUF	RYAAY	LTM	VIR	PDSB

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

LTM	+ 0.76	SNCY
PDSB	+ 0.6	AIQUF
PDSB	+ 0.6	LTM
PDSB	+ 0.59	SNCY
VIR	+ 0.55	PBYI
LTM	+ 0.5	AIQUF

High negative correlations

VIR	- 0.65	SNCY
PDSB	- 0.58	VIR
VIR	- 0.55	LTM
SNCY	- 0.5	PBYI
PDSB	- 0.41	RYAAY
LTM	- 0.41	PBYI

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
PBYI	2.94	0.02	0.00	0.16	4.54	(3.39)	5.61	(5.14)	43.28
SNCY	2.47	0.01	0.01	0.03	2.69	(2.86)	5.53	(4.39)	13.97
IGNE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIQUF	0.87	(0.15)	0.00	(0.67)	0.00	0.00	1.80	(1.74)	4.84
RYAAY	1.33	(0.03)	0.00	(0.04)	0.00	0.00	3.15	(2.79)	6.85
LTM	1.49	(0.08)	0.00	(0.08)	0.00	0.00	3.24	(3.47)	9.68
VIR	3.28	0.54	0.15	0.25	3.30	(3.74)	7.92	(6.04)	25.88
PDSB	2.83	(0.79)	0.00	(0.51)	0.00	0.00	5.38	(7.14)	20.74

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.

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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

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