DNB Bank Correlations

DNBBF Stock

USD 29.16 0.22 0.75%

The current 90-days correlation between DNB Bank ASA and Erste Group Bank is 0.24 (i.e., Modest diversification). The correlation of DNB 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.

DNB Bank Correlation With Market

Significant diversification

The correlation between DNB Bank ASA and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DNB Bank ASA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DNB 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 DNB 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 DNB 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 DNB Bank ASA to buy it.

Moving together with DNB Pink Sheet

0.64

BNPQY

BNP Paribas SA

Pair Corr

Moving against DNB Pink Sheet

0.43	HDB	HDFC Bank Limited	Pair Corr
0.39	CIHKY	China Merchants Bank Normal Trading	Pair Corr
0.38	HYMTF	Hyundai Motor	Pair Corr
0.37	FITBP	Fifth Third Bancorp	Pair Corr
0.32	BBDC4	Banco Bradesco SA	Pair Corr
0.52	CYPS	Cyclo3pss	Pair Corr
0.38	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.54	SMGKF	Smiths Group plc	Pair Corr
0.46	EFTR	Effector Therapeutics	Pair Corr
0.35	ADC	Agree Realty	Pair Corr
0.31	KYOCF	Kyocera	Pair Corr

Related Correlations Analysis

	EBKOF	UOVEF	DNKEY	DNSKF	SVKEF	JPSTF	UOVEY	SWDBY	CRZBF	CRZBY
EBKOF		0.27	0.94	0.64	0.33	0.77	0.02	0.91	0.69	0.91	EBKOF
UOVEF	0.27		0.26	0.07	0.03	0.33	0.26	0.28	0.24	0.31	UOVEF
DNKEY	0.94	0.26		0.63	0.32	0.63	-0.1	0.91	0.58	0.89	DNKEY
DNSKF	0.64	0.07	0.63		0.66	0.53	0.26	0.74	0.55	0.51	DNSKF
SVKEF	0.33	0.03	0.32	0.66		0.13	0.3	0.42	0.32	0.23	SVKEF
JPSTF	0.77	0.33	0.63	0.53	0.13		0.32	0.71	0.74	0.78	JPSTF
UOVEY	0.02	0.26	-0.1	0.26	0.3	0.32		0.2	0.32	0.08	UOVEY
SWDBY	0.91	0.28	0.91	0.74	0.42	0.71	0.2		0.58	0.84	SWDBY
CRZBF	0.69	0.24	0.58	0.55	0.32	0.74	0.32	0.58		0.69	CRZBF
CRZBY	0.91	0.31	0.89	0.51	0.23	0.78	0.08	0.84	0.69		CRZBY
	EBKOF	UOVEF	DNKEY	DNSKF	SVKEF	JPSTF	UOVEY	SWDBY	CRZBF	CRZBY

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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

DNKEY	+ 0.94	EBKOF
SWDBY	+ 0.91	EBKOF
CRZBY	+ 0.91	EBKOF
SWDBY	+ 0.91	DNKEY
CRZBY	+ 0.89	DNKEY
CRZBY	+ 0.84	SWDBY

High negative correlations

UOVEY

- 0.1

DNKEY

Risk-Adjusted Indicators

There is a big difference between DNB Pink Sheet performing well and DNB 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 DNB 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
EBKOF	1.25	0.29	0.10	4.71	1.42	(1.52)	4.11	(2.52)	9.88
UOVEF	1.47	(0.05)	0.00	(0.21)	0.00	0.00	6.80	(7.90)	17.74
DNKEY	0.95	0.17	0.11	0.31	1.04	(1.02)	2.16	(1.72)	5.55
DNSKF	0.73	0.32	0.00	(28.58)	0.00	0.00	0.42	0.00	12.79
SVKEF	0.55	0.16	0.00	(1.09)	0.00	0.00	0.21	0.00	11.83
JPSTF	2.09	0.32	0.04	0.52	2.62	(8.96)	8.99	(7.62)	34.61
UOVEY	0.50	(0.01)	(0.07)	0.04	0.76	(0.49)	0.92	(0.99)	3.79
SWDBY	0.83	0.18	0.16	0.34	0.75	(0.95)	2.15	(1.80)	4.77
CRZBF	1.10	0.15	0.02	0.33	1.58	(4.25)	3.71	(3.12)	16.91
CRZBY	1.44	0.16	0.09	0.23	1.64	(1.55)	3.41	(2.79)	9.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in DNB 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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DNB Bank Corporate Management

Kjerstin Braathen	Group Officer	Profile
Harald SerckHanssen	Group Banking	Profile
Thomas Midteide	Group Sustainability	Profile
Maria Loevold	Group Services	Profile
Mirella Grant	Group Officer	Profile
Ingjerd Spiten	Group Banking	Profile
Ida Lerner	Chief Officer	Profile

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