Coloplast A/S Correlations

CLPBF Stock

USD 85.00 1.58 1.89%

The current 90-days correlation between Coloplast A/S and Terumo is -0.05 (i.e., Good diversification). The correlation of Coloplast 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.

Coloplast A/S Correlation With Market

Excellent diversification

The correlation between Coloplast AS and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coloplast AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Coloplast Pink Sheet

0.83	ESLOY	Essilor International Earnings Call Tomorrow	Pair Corr
0.82	ESLOF	EssilorLuxottica Socit	Pair Corr

Moving against Coloplast Pink Sheet

0.69	BRK-B	Berkshire Hathaway	Pair Corr
0.63	ALC	Alcon AG	Pair Corr
0.61	HYMTF	Hyundai Motor	Pair Corr
0.59	BDX	Becton Dickinson Earnings Call Tomorrow	Pair Corr
0.41	SDMHF	Sartorius Stedim Biotech	Pair Corr
0.68	PAA	Plains All American Sell-off Trend	Pair Corr
0.63	DIN	Dine Brands Global	Pair Corr
0.59	TTFNF	TotalEnergies SE	Pair Corr
0.58	WFC	Wells Fargo Aggressive Push	Pair Corr
0.55	MGWFF	Maple Leaf Green	Pair Corr
0.52	GH	Guardant Health	Pair Corr
0.51	EPD	Enterprise Products Earnings Call Today	Pair Corr
0.5	FHRT	First Hartford	Pair Corr
0.78	DRDGF	Drdgold	Pair Corr
0.73	FRFC	First Robinson Financial	Pair Corr
0.72	SPGX	Sustainable Projects	Pair Corr
0.66	DGWPF	Drgerwerk AG	Pair Corr
0.65	BIOA	BioAge Labs	Pair Corr
0.63	BKD	Brookdale Senior Living	Pair Corr

Related Correlations Analysis

	TRUMF	SAUHY	SAUHF	TRUMY	SDMHF	SUVPF	SBHMY	ORINY	WXIBF	KONEF
TRUMF		-0.24	-0.2	0.66	-0.28	-0.42	0.54	-0.51	-0.03	0.0	TRUMF
SAUHY	-0.24		0.79	-0.19	-0.19	0.21	0.1	-0.01	0.42	0.0	SAUHY
SAUHF	-0.2	0.79		-0.33	-0.08	0.26	-0.03	0.15	0.42	0.0	SAUHF
TRUMY	0.66	-0.19	-0.33		-0.26	-0.53	0.82	-0.59	0.15	0.0	TRUMY
SDMHF	-0.28	-0.19	-0.08	-0.26		0.34	-0.56	0.3	-0.11	0.0	SDMHF
SUVPF	-0.42	0.21	0.26	-0.53	0.34		-0.57	0.46	0.05	0.0	SUVPF
SBHMY	0.54	0.1	-0.03	0.82	-0.56	-0.57		-0.57	0.27	0.0	SBHMY
ORINY	-0.51	-0.01	0.15	-0.59	0.3	0.46	-0.57		0.15	0.0	ORINY
WXIBF	-0.03	0.42	0.42	0.15	-0.11	0.05	0.27	0.15		0.0	WXIBF
KONEF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KONEF
	TRUMF	SAUHY	SAUHF	TRUMY	SDMHF	SUVPF	SBHMY	ORINY	WXIBF	KONEF

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

SBHMY	+ 0.82	TRUMY
SAUHF	+ 0.79	SAUHY
TRUMY	+ 0.66	TRUMF
SBHMY	+ 0.54	TRUMF
ORINY	+ 0.46	SUVPF
WXIBF	+ 0.42	SAUHY

High negative correlations

ORINY	- 0.59	TRUMY
ORINY	- 0.57	SBHMY
SBHMY	- 0.57	SUVPF
SBHMY	- 0.56	SDMHF
SUVPF	- 0.53	TRUMY
ORINY	- 0.51	TRUMF

Risk-Adjusted Indicators

There is a big difference between Coloplast Pink Sheet performing well and Coloplast 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 Coloplast 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
TRUMF	4.97	0.06	0.01	0.12	6.86	(5.06)	13.37	(12.22)	31.54
SAUHY	1.48	0.07	0.04	0.11	1.55	(1.86)	4.61	(2.53)	11.19
SAUHF	2.25	0.25	0.06	(4.31)	2.46	(3.48)	6.62	(5.22)	17.00
TRUMY	1.21	(0.39)	0.00	(0.59)	0.00	0.00	1.65	(3.25)	9.19
SDMHF	1.24	(0.11)	0.00	(0.07)	0.00	0.00	3.66	(5.05)	12.88
SUVPF	1.10	0.18	0.03	(0.64)	1.70	(4.71)	2.90	(1.89)	23.44
SBHMY	0.28	(0.15)	0.00	0.92	0.00	0.00	0.00	0.00	6.32
ORINY	1.46	0.10	0.01	0.15	2.43	(6.15)	4.52	(4.51)	19.99
WXIBF	0.83	(0.07)	0.00	(0.20)	0.00	0.00	2.22	(2.17)	9.78
KONEF	0.00	0.00	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 Coloplast 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.

Did you try this?

Run Top Crypto Exchanges Now

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges

All Next

Launch Module

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

2026 Macroaxis LLC