DSV Panalpina Correlations
| DSV Stock | DKK 1,574 29.00 1.81% |
The current 90-days correlation between DSV Panalpina AS and Genmab AS is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DSV Panalpina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DSV Panalpina AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
DSV Panalpina Correlation With Market
Significant diversification
The correlation between DSV Panalpina AS and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DSV Panalpina AS and DJI in the same portfolio, assuming nothing else is changed.
DSV |
The ability to find closely correlated positions to DSV Panalpina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DSV Panalpina 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 DSV Panalpina - 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 DSV Panalpina AS to buy it.
Moving together with DSV Stock
| 0.94 | DANSKE | Danske Bank AS | PairCorr |
| 0.96 | JYSK | Jyske Bank AS | PairCorr |
| 0.86 | SYDB | Sydbank AS | PairCorr |
| 0.87 | CARL-B | Carlsberg AS | PairCorr |
| 0.66 | CARL-A | Carlsberg AS | PairCorr |
| 0.9 | ISS | ISS AS | PairCorr |
| 0.7 | HVID | Hvidbjerg Bank | PairCorr |
| 0.93 | PMIH3I | PortfolioMan Horizon3 Inn | PairCorr |
| 0.89 | SPKSJF | Sparekassen Sjaelland | PairCorr |
| 0.81 | NORTHM | North Media AS | PairCorr |
| 0.89 | TRYG | Tryg AS | PairCorr |
| 0.89 | NDINSCKL1 | Nordea Invest Nordic | PairCorr |
| 0.89 | NYIDA | Nykredit Invest Danske | PairCorr |
| 0.9 | SYIEUVADKK | Sydinv Europa Value | PairCorr |
| 0.91 | LASP | Laan Spar Bank | PairCorr |
| 0.82 | HH | HH International | PairCorr |
| 0.67 | GREENM | GreenMobility AS | PairCorr |
| 0.74 | NKT | NKT AS | PairCorr |
| 0.92 | DEMANT | Demant AS | PairCorr |
| 0.65 | RBLN-B | Roblon AS | PairCorr |
| 0.74 | NETC | Netcompany Group | PairCorr |
| 0.61 | JYIHRV | Jyske Invest Hjt | PairCorr |
| 0.92 | MAJPEN | Maj Invest Pension | PairCorr |
| 0.85 | EMBLA | Embla Medical hf | PairCorr |
| 0.83 | DKIGOM | Investeringsforeningen | PairCorr |
| 0.9 | MNBA | Moens Bank AS | PairCorr |
| 0.82 | SHAPE | Shape Robotics AS | PairCorr |
| 0.84 | PFIKRB | PFA Invest Kreditobl | PairCorr |
| 0.94 | RILBA | Ringkjoebing Landbobank | PairCorr |
Moving against DSV Stock
Related Correlations Analysis
| 0.46 | 0.0 | 0.63 | 0.69 | GMAB | ||
| 0.46 | -0.65 | 0.86 | 0.82 | DANSKE | ||
| 0.0 | -0.65 | -0.43 | -0.53 | AMBU-B | ||
| 0.63 | 0.86 | -0.43 | 0.92 | FLS | ||
| 0.69 | 0.82 | -0.53 | 0.92 | BAVA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 DSV Stock performing well and DSV Panalpina 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 DSV Panalpina'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMAB | 1.91 | (0.13) | 0.00 | 12.00 | 0.00 | 3.42 | 11.32 | |||
| DANSKE | 1.52 | 0.21 | 0.05 | 1.34 | 2.60 | 3.41 | 14.80 | |||
| AMBU-B | 1.85 | (0.36) | 0.00 | 6.21 | 0.00 | 3.86 | 19.35 | |||
| FLS | 1.77 | 0.16 | 0.04 | 0.84 | 2.69 | 4.36 | 15.74 | |||
| BAVA | 1.74 | 0.14 | 0.03 | (1.52) | 2.34 | 4.74 | 10.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DSV Panalpina 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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