Danske Bank Correlations

DNKEY Stock

USD 25.92 0.89 3.32%

The current 90-days correlation between Danske Bank AS and Skandinaviska Enskilda Banken is 0.02 (i.e., Significant 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

Almost no diversification

The correlation between Danske Bank AS and DJI is 0.92 (i.e., Almost no 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.

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 Pink Sheet

0.77	OPHLF	Ono Pharmaceutical	Pair Corr
0.76	SNPHF	Santen Pharmaceutical	Pair Corr
0.81	MZDAF	Mazda Motor	Pair Corr
0.84	BKKPF	Bangkok Bank Public	Pair Corr
0.71	INTC	Intel	Pair Corr
0.88	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.81	CVX	Chevron Corp	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.85	MRK	Merck Company	Pair Corr
0.88	CAT	Caterpillar	Pair Corr

Moving against Danske Pink Sheet

0.78	DSKYF	Daiichi Sankyo	Pair Corr
0.76	MSFT	Microsoft Sell-off Trend	Pair Corr
0.74	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SVKEF	DNBBY	DNBBF	BKRKY	SWDBY	EBKOF	BKRKF	SWDBF	HSNGY	HSNGF
SVKEF		0.8	0.71	0.41	0.9	0.9	-0.22	0.89	0.28	0.05	SVKEF
DNBBY	0.8		0.94	0.2	0.92	0.87	-0.02	0.93	0.14	-0.16	DNBBY
DNBBF	0.71	0.94		0.1	0.84	0.8	0.09	0.84	0.14	-0.12	DNBBF
BKRKY	0.41	0.2	0.1		0.33	0.21	-0.06	0.35	-0.1	-0.56	BKRKY
SWDBY	0.9	0.92	0.84	0.33		0.97	-0.13	0.98	0.13	-0.07	SWDBY
EBKOF	0.9	0.87	0.8	0.21	0.97		-0.2	0.95	0.21	0.08	EBKOF
BKRKF	-0.22	-0.02	0.09	-0.06	-0.13	-0.2		-0.14	-0.21	-0.35	BKRKF
SWDBF	0.89	0.93	0.84	0.35	0.98	0.95	-0.14		0.1	-0.1	SWDBF
HSNGY	0.28	0.14	0.14	-0.1	0.13	0.21	-0.21	0.1		0.32	HSNGY
HSNGF	0.05	-0.16	-0.12	-0.56	-0.07	0.08	-0.35	-0.1	0.32		HSNGF
	SVKEF	DNBBY	DNBBF	BKRKY	SWDBY	EBKOF	BKRKF	SWDBF	HSNGY	HSNGF

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

SWDBF	+ 0.98	SWDBY
EBKOF	+ 0.97	SWDBY
SWDBF	+ 0.95	EBKOF
DNBBF	+ 0.94	DNBBY
SWDBF	+ 0.93	DNBBY
SWDBY	+ 0.92	DNBBY

High negative correlations

HSNGF	- 0.56	BKRKY
HSNGF	- 0.35	BKRKF
BKRKF	- 0.22	SVKEF
HSNGY	- 0.21	BKRKF
BKRKF	- 0.2	EBKOF
HSNGF	- 0.16	DNBBY

Risk-Adjusted Indicators

There is a big difference between Danske Pink Sheet 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
SVKEF	0.64	0.18	0.00	(0.76)	0.00	0.00	3.28	(1.87)	12.51
DNBBY	0.94	0.29	0.18	(2.90)	0.80	(1.06)	2.03	(1.76)	5.02
DNBBF	1.70	0.24	0.07	2.80	2.19	(1.70)	4.50	(4.84)	10.57
BKRKY	1.18	(0.05)	0.00	(0.43)	0.00	0.00	2.79	(2.50)	11.47
SWDBY	1.03	0.28	0.20	0.35	1.07	(1.16)	2.49	(2.05)	6.33
EBKOF	1.33	0.23	0.11	0.44	1.37	(1.59)	3.84	(2.47)	9.27
BKRKF	2.47	0.21	0.00	0.78	0.00	0.00	5.26	(8.70)	47.81
SWDBF	1.60	0.47	0.14	2.46	1.56	(2.33)	4.08	(3.65)	11.27
HSNGY	0.74	0.01	(0.05)	0.54	0.99	(0.87)	1.83	(2.08)	5.21
HSNGF	0.55	(0.07)	0.00	(0.11)	0.00	0.00	0.00	0.00	33.86

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?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

Danske Bank Corporate Management

Stephan Engels	CFO Team	Profile
Johanna Norberg	Member Customers	Profile
Mikael Deigaard	Global Officer	Profile
Karsten Breum	Chief Team	Profile
Frans Woelders	COO Team	Profile
Magnus Agustsson	Chief Team	Profile
Carsten Egeriis	Chief Risk Officer, Member of the Executive Board	Profile

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