NKT AS Correlations
| NKT Stock | DKK 549.50 5.50 0.99% |
The current 90-days correlation between NKT AS and North Media AS is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NKT AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NKT AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
NKT AS Correlation With Market
Average diversification
The correlation between NKT AS and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NKT AS and DJI in the same portfolio, assuming nothing else is changed.
NKT |
The ability to find closely correlated positions to NKT AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NKT AS 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 NKT AS - 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 NKT AS to buy it.
Moving together with NKT Stock
Moving against NKT Stock
Related Correlations Analysis
| 0.85 | -0.56 | 0.54 | 0.82 | NORTHM | ||
| 0.85 | -0.61 | 0.43 | 0.94 | HH | ||
| -0.56 | -0.61 | -0.37 | -0.62 | PAAL-B | ||
| 0.54 | 0.43 | -0.37 | 0.4 | FFARMS | ||
| 0.82 | 0.94 | -0.62 | 0.4 | RTX | ||
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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
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Risk-Adjusted Indicators
There is a big difference between NKT Stock performing well and NKT AS 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 NKT AS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NORTHM | 1.03 | (0.12) | 0.00 | 0.79 | 0.00 | 1.81 | 6.63 | |||
| HH | 1.01 | (0.31) | 0.00 | (1.13) | 0.00 | 2.36 | 8.25 | |||
| PAAL-B | 1.00 | 0.12 | 0.07 | 0.29 | 0.97 | 1.77 | 4.26 | |||
| FFARMS | 0.76 | (0.11) | 0.00 | (1.19) | 0.00 | 1.39 | 7.47 | |||
| RTX | 1.26 | (0.26) | 0.00 | 4.49 | 0.00 | 2.20 | 8.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NKT AS 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?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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NKT AS Corporate Management
Elected by the shareholders, the NKT AS's board of directors comprises two types of representatives: NKT AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NKT. The board's role is to monitor NKT AS's management team and ensure that shareholders' interests are well served. NKT AS'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, NKT AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anders Jensen | Ex CTO | Profile | |
| Kira Johnson | Ex Officer | Profile | |
| Line Fandrup | Ex CFO | Profile | |
| Claes Westerlind | Ex Karlskrona | Profile | |
| Michael Nielsen | Head of Investor Relations | Profile | |
| Alexander Kara | Pres CEO | Profile | |
| Mika Makela | Ex Cologne | Profile |