DFDS A/S Correlations

0RB3 Stock

106.05 0.85 0.81%

The current 90-days correlation between DFDS A/S and Fannie Mae is 0.02 (i.e., Significant diversification). The correlation of DFDS A/S 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.

DFDS A/S Correlation With Market

Almost no diversification

The correlation between DFDS AS and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DFDS AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DFDS A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DFDS A/S 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 DFDS A/S - 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 DFDS AS to buy it.

Moving together with DFDS Stock

0.79	BC94	Samsung Electronics	Pair Corr
0.79	SMSN	Samsung Electronics	Pair Corr
0.79	SMSD	Samsung Electronics	Pair Corr
0.85	TYT	Toyota Motor Corp	Pair Corr
0.61	SBID	State Bank	Pair Corr

Moving against DFDS Stock

0.57	0R15	SoftBank Group Corp Earnings Call This Week	Pair Corr
0.53	RIGD	Reliance Industries	Pair Corr

Related Correlations Analysis

	TYT	0R15	0L2T	0R1E	0LCV	0QYR	0IL0	0RIH	0R2V
TYT		-0.8	-0.38	-0.75	0.84	0.63	-0.23	0.62	-0.61	TYT
0R15	-0.8		0.23	0.85	-0.81	-0.8	0.65	-0.53	0.66	0R15
0L2T	-0.38	0.23		0.03	-0.38	0.0	-0.13	-0.31	0.5	0L2T
0R1E	-0.75	0.85	0.03		-0.78	-0.75	0.59	-0.53	0.41	0R1E
0LCV	0.84	-0.81	-0.38	-0.78		0.69	-0.26	0.75	-0.61	0LCV
0QYR	0.63	-0.8	0.0	-0.75	0.69		-0.69	0.35	-0.37	0QYR
0IL0	-0.23	0.65	-0.13	0.59	-0.26	-0.69		0.0	0.26	0IL0
0RIH	0.62	-0.53	-0.31	-0.53	0.75	0.35	0.0		-0.4	0RIH
0R2V	-0.61	0.66	0.5	0.41	-0.61	-0.37	0.26	-0.4		0R2V
	TYT	0R15	0L2T	0R1E	0LCV	0QYR	0IL0	0RIH	0R2V

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

0R1E	+ 0.85	0R15
0LCV	+ 0.84	TYT
0RIH	+ 0.75	0LCV
0QYR	+ 0.69	0LCV
0R2V	+ 0.66	0R15
0IL0	+ 0.65	0R15

High negative correlations

0LCV	- 0.81	0R15
0QYR	- 0.8	0R15
0R15	- 0.8	TYT
0LCV	- 0.78	0R1E
0QYR	- 0.75	0R1E
0R1E	- 0.75	TYT

Risk-Adjusted Indicators

There is a big difference between DFDS Stock performing well and DFDS A/S 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 DFDS A/S'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
TYT	1.25	0.25	0.09	1.50	1.26	(1.58)	3.26	(2.29)	10.55
0R15	6.35	(0.99)	0.00	(0.88)	0.00	0.00	10.41	(9.95)	109.63
0L2T	4.27	1.65	0.37	(10.40)	2.91	(5.27)	12.21	(5.30)	26.07
0R1E	2.64	(0.47)	0.00	0.78	0.00	0.00	4.85	(6.87)	21.82
0LCV	1.74	0.29	0.14	0.36	1.98	(1.94)	4.78	(3.58)	10.72
0QYR	3.14	0.42	0.11	0.34	3.72	(3.27)	8.87	(7.43)	18.17
0IL0	3.51	(0.12)	0.00	(0.16)	0.00	0.00	7.46	(8.54)	21.91
0RIH	1.52	0.14	0.06	0.30	1.72	(1.65)	3.93	(2.57)	13.64
0R2V	0.98	(0.05)	(0.07)	(0.01)	1.26	(1.05)	2.27	(2.03)	5.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in DFDS A/S 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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DFDS A/S Corporate Management

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

Helle Jensen	Secretary	Profile
AnneChristine Ahrenkiel	Executive Officer	Profile
SophieKim Chapman	Head Decarbonization	Profile
Niklas Andersson	Executive Division	Profile

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