Danske Bank Correlations
| 0NVC Stock | 323.90 9.90 3.15% |
The current 90-days correlation between Danske Bank AS and Reliance Industries Limited is 0.15 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Danske Bank Correlation With Market
Very poor diversification
The correlation between Danske Bank AS and DJI is 0.81 (i.e., Very poor 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.
Danske |
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 Stock
| 0.86 | BC94 | Samsung Electronics | PairCorr |
| 0.86 | SMSN | Samsung Electronics | PairCorr |
| 0.86 | SMSD | Samsung Electronics | PairCorr |
| 0.86 | TYT | Toyota Motor Corp | PairCorr |
| 0.86 | 0LCV | Taiwan Semiconductor | PairCorr |
| 0.79 | KAP | National Atomic | PairCorr |
| 0.91 | 0R6R | Axfood AB | PairCorr |
| 0.79 | 0NY8 | Veolia Environnement | PairCorr |
| 0.75 | AEP | Anglo-Eastern Plantations | PairCorr |
| 0.82 | 0QHL | Corbion NV | PairCorr |
| 0.9 | YU | Yu Group PLC | PairCorr |
| 0.85 | WVIA | Winvia Entertainment PLC | PairCorr |
| 0.74 | GTE | Gran Tierra Energy | PairCorr |
| 0.67 | SFOR | S4 Capital PLC | PairCorr |
| 0.87 | 0NX1 | Aalberts Industries | PairCorr |
| 0.66 | 0QO2 | Burkhalter Holding | PairCorr |
| 0.87 | 0QGU | CNH Industrial NV | PairCorr |
| 0.78 | 0J76 | Huntington Ingalls | PairCorr |
| 0.78 | SRES | Sunrise Resources Plc | PairCorr |
| 0.84 | S32 | South32 | PairCorr |
| 0.85 | 0RP8 | Liechtensteinische | PairCorr |
| 0.86 | 0NR4 | Wacker Chemie ON Earnings Call This Week | PairCorr |
| 0.65 | SBRE | Sabre Insurance Group Earnings Call This Week | PairCorr |
| 0.91 | 0IF3 | Eastman Chemical | PairCorr |
| 0.89 | BRFI | BlackRock Frontiers | PairCorr |
| 0.69 | NRR | NewRiver REIT plc | PairCorr |
| 0.67 | TGA | Thungela Resources | PairCorr |
| 0.74 | 0HRZ | Cabot Oil Gas | PairCorr |
| 0.81 | 0HOU | BorgWarner | PairCorr |
| 0.65 | 0A7X | Virtu Financial, | PairCorr |
| 0.67 | EJFI | EJF Investments | PairCorr |
| 0.91 | VOD | Vodafone Group PLC | PairCorr |
Moving against Danske Stock
| 0.78 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.56 | RIGD | Reliance Industries | PairCorr |
| 0.34 | 0HC8 | Roularta Media Group | PairCorr |
Related Correlations Analysis
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 Danske Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BC94 | 2.21 | 1.01 | 0.32 | (2.76) | 2.20 | 5.77 | 17.17 | |||
| SMSD | 2.16 | 0.84 | 0.23 | (1.89) | 2.52 | 5.44 | 19.04 | |||
| SMSN | 2.34 | 1.01 | 0.31 | (3.50) | 2.38 | 6.03 | 17.42 | |||
| TYT | 1.39 | 0.18 | 0.06 | 21.99 | 1.68 | 3.26 | 10.55 | |||
| GTCO | 3.36 | 0.72 | 0.15 | 90.07 | 3.55 | 8.83 | 23.09 | |||
| 0LCV | 1.70 | 0.34 | 0.16 | 1.63 | 1.72 | 4.00 | 10.72 | |||
| RIGD | 1.09 | (0.28) | 0.00 | (2.26) | 0.00 | 1.43 | 7.77 | |||
| 0RUK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.Did you try this?
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Danske Bank Corporate Management
Elected by the shareholders, the Danske Bank's board of directors comprises two types of representatives: Danske Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danske. The board's role is to monitor Danske Bank's management team and ensure that shareholders' interests are well served. Danske Bank'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, Danske Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johanna Norberg | Member Customers | Profile | |
| Mikael Deigaard | Global Officer | Profile | |
| Jakob Nrgaard | Executive Banking | Profile | |
| Magnus Agustsson | Chief Team | Profile | |
| Carl Alpen | Head Team | Profile | |
| Christian Bornfeld | Financial Cus | Profile | |
| Torgny Krook | Global Clients | Profile |