Genmab A/S Correlations

Stocks . Germany . 
Stock . Genmab AS
GE9 Stock  EUR 274.90  0.50  0.18%   
The current 90-days correlation between Genmab A/S and BioNTech SE is 0.5 (i.e., Very weak diversification). The correlation of Genmab 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.

Genmab A/S Correlation With Market

Poor diversification

The correlation between Genmab AS and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genmab AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Genmab 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 Genmab 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 Genmab 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 Genmab AS to buy it.

Moving together with Genmab Stock

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Moving against Genmab Stock

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Related Correlations Analysis

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Be your own money manager

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

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