Nnit AS Correlations
| NNIT Stock | DKK 43.15 0.70 1.60% |
The current 90-days correlation between Nnit AS and Columbus AS is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nnit AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nnit AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nnit AS Correlation With Market
Excellent diversification
The correlation between Nnit AS and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nnit AS and DJI in the same portfolio, assuming nothing else is changed.
Nnit |
The ability to find closely correlated positions to Nnit 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 Nnit 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 Nnit 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 Nnit AS to buy it.
Moving against Nnit Stock
| 0.88 | MAJGANF | Maj Invest Glob | PairCorr |
| 0.85 | JYSK | Jyske Bank AS | PairCorr |
| 0.76 | SPG | SP Group AS | PairCorr |
| 0.75 | KRE | Kreditbanken AS | PairCorr |
| 0.75 | LSIGAB | Ln Spar Invest | PairCorr |
| 0.74 | GERHSP | German High Street | PairCorr |
| 0.74 | GRLA | Groenlandsbanken | PairCorr |
| 0.74 | DKIGLOVO | Danske Invest | PairCorr |
| 0.74 | NDA-DK | Nordea Bank Abp | PairCorr |
| 0.69 | DONKEY | Donkeyrepublic Holding | PairCorr |
| 0.68 | ORSTED | Orsted AS | PairCorr |
| 0.67 | SYVFVOAKKA | Sydinv Formue Vkstori | PairCorr |
| 0.64 | MAERSK-A | AP Mller | PairCorr |
| 0.64 | MAERSK-B | AP Mller | PairCorr |
| 0.64 | SOLAR-B | Solar AS | PairCorr |
| 0.62 | CPHCAP-ST | Copenhagen Capital | PairCorr |
| 0.61 | LOLB | Lollands Bank | PairCorr |
| 0.61 | DFDS | DFDS AS Earnings Call This Week | PairCorr |
| 0.6 | DKIMDA | Danske Invest Mix | PairCorr |
| 0.54 | ALEFRM | Alefarm Brewing AS | PairCorr |
| 0.51 | LASP | Laan Spar Bank | PairCorr |
| 0.5 | KLEE-B | Brd Klee AS | PairCorr |
| 0.48 | DNORD | Dampskibsselskabet | PairCorr |
| 0.4 | ROCK-A | ROCKWOOL International | PairCorr |
| 0.4 | RBLN-B | Roblon AS | PairCorr |
| 0.91 | GYLD-B | Gyldendal AS | PairCorr |
| 0.9 | AGF-B | AGF AS | PairCorr |
| 0.87 | FOBANK | FOBANK | PairCorr |
| 0.87 | CARL-B | Carlsberg AS | PairCorr |
| 0.87 | PARKEN | PARKEN Sport Enterta | PairCorr |
| 0.87 | ISS | ISS AS Earnings Call This Week | PairCorr |
| 0.85 | STG | Scandinavian Tobacco | PairCorr |
| 0.83 | FASTPC | Fastpasscorp AS | PairCorr |
| 0.82 | FLUG-B | Flgger group AS | PairCorr |
| 0.81 | COIMRA | Coop Opsparing Moderat | PairCorr |
| 0.81 | WEISTA | Wealth Invest Strategi | PairCorr |
| 0.77 | TIV | Tivoli AS | PairCorr |
Related Correlations Analysis
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 Nnit Stock performing well and Nnit 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 Nnit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COLUM | 0.90 | 0.05 | (0.01) | (0.70) | 1.13 | 1.68 | 6.68 | |||
| TRIFOR | 1.33 | 0.05 | (0.01) | (0.67) | 1.66 | 3.46 | 8.92 | |||
| SOLAR-B | 1.39 | 0.02 | 0.00 | 0.09 | 2.34 | 3.79 | 16.09 | |||
| BO | 1.58 | (0.38) | 0.00 | 1.73 | 0.00 | 3.26 | 16.86 | |||
| DATA | 2.46 | (0.31) | 0.00 | (0.27) | 0.00 | 4.18 | 15.00 | |||
| RTX | 1.47 | (0.08) | 0.00 | (0.14) | 0.00 | 3.37 | 10.00 | |||
| WIRTEK | 3.39 | 0.12 | 0.00 | (0.04) | 4.43 | 7.44 | 23.44 | |||
| ASTK | 3.00 | 1.27 | 0.60 | 1.17 | 0.63 | 2.40 | 96.97 | |||
| IMPERO | 3.29 | 0.16 | 0.04 | 0.20 | 3.29 | 8.59 | 30.11 | |||
| KONSOL | 2.28 | 0.00 | (0.01) | 0.07 | 2.48 | 5.41 | 13.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nnit 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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Nnit AS Corporate Management
Elected by the shareholders, the Nnit AS's board of directors comprises two types of representatives: Nnit AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nnit. The board's role is to monitor Nnit AS's management team and ensure that shareholders' interests are well served. Nnit 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, Nnit AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pernille Fabricius | Transformation Strategy | Profile | |
| Camilla Mohl | Communications People | Profile | |
| Carsten Ringius | Ex CFO | Profile | |
| Kasper Andersen | VP Solutions | Profile | |
| Par Fors | Pres CEO | Profile |