Nnit AS Correlations

NNIT Stock

DKK 49.60 0.50 1.00%

The current 90-days correlation between Nnit AS and Columbus AS is -0.04 (i.e., Good 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

Good diversification

The correlation between Nnit AS and DJI is -0.14 (i.e., Good 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.

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 together with Nnit Stock

0.75	NOVO-B	Novo Nordisk AS	Pair Corr
0.77	PNDORA	Pandora AS	Pair Corr

Moving against Nnit Stock

0.9	VWS	Vestas Wind Systems	Pair Corr
0.62	DSV	DSV Panalpina AS	Pair Corr
0.6	NDA-DK	Nordea Bank Abp	Pair Corr
0.55	ISS	ISS AS	Pair Corr
0.53	CARL-B	Carlsberg AS	Pair Corr
0.41	MAERSK-A	AP Mller	Pair Corr
0.4	MAERSK-B	AP Mller	Pair Corr

Related Correlations Analysis

	COLUM	TRIFOR	SOLAR-B	BO	DATA	RTX	WIRTEK	ASTK	IMPERO	KONSOL
COLUM		-0.29	0.63	-0.32	0.76	-0.17	0.59	-0.23	0.07	-0.15	COLUM
TRIFOR	-0.29		-0.61	0.4	-0.01	-0.12	-0.13	0.33	0.05	-0.54	TRIFOR
SOLAR-B	0.63	-0.61		-0.46	0.45	-0.01	0.54	-0.44	0.29	0.17	SOLAR-B
BO	-0.32	0.4	-0.46		-0.16	0.01	-0.43	0.58	-0.19	-0.14	BO
DATA	0.76	-0.01	0.45	-0.16		-0.48	0.38	-0.14	0.24	-0.4	DATA
RTX	-0.17	-0.12	-0.01	0.01	-0.48		0.04	0.29	-0.17	0.28	RTX
WIRTEK	0.59	-0.13	0.54	-0.43	0.38	0.04		-0.13	0.28	-0.25	WIRTEK
ASTK	-0.23	0.33	-0.44	0.58	-0.14	0.29	-0.13		-0.03	-0.51	ASTK
IMPERO	0.07	0.05	0.29	-0.19	0.24	-0.17	0.28	-0.03		-0.29	IMPERO
KONSOL	-0.15	-0.54	0.17	-0.14	-0.4	0.28	-0.25	-0.51	-0.29		KONSOL
	COLUM	TRIFOR	SOLAR-B	BO	DATA	RTX	WIRTEK	ASTK	IMPERO	KONSOL

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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

DATA	+ 0.76	COLUM
SOLAR-B	+ 0.63	COLUM
WIRTEK	+ 0.59	COLUM
ASTK	+ 0.58	BO
WIRTEK	+ 0.54	SOLAR-B
DATA	+ 0.45	SOLAR-B

High negative correlations

SOLAR-B	- 0.61	TRIFOR
KONSOL	- 0.54	TRIFOR
KONSOL	- 0.51	ASTK
RTX	- 0.48	DATA
BO	- 0.46	SOLAR-B
ASTK	- 0.44	SOLAR-B

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	0.80	(0.04)	0.00	4.15	0.00	0.00	1.65	(1.84)	5.17
TRIFOR	1.26	0.15	0.04	(2.98)	1.38	(1.43)	3.31	(2.34)	9.34
SOLAR-B	1.25	(0.05)	0.00	(0.28)	0.00	0.00	2.14	(2.48)	6.32
BO	1.80	(0.03)	(0.02)	0.02	2.50	(1.95)	4.37	(3.83)	10.36
DATA	1.98	(0.27)	0.00	(0.28)	0.00	0.00	4.01	(4.07)	10.29
RTX	1.29	0.28	0.09	(0.41)	1.35	(1.62)	3.37	(2.21)	9.29
WIRTEK	2.60	(0.03)	0.00	0.12	0.00	0.00	7.14	(6.11)	23.44
ASTK	4.51	1.49	0.37	0.59	2.72	(7.25)	8.33	(4.35)	96.97
IMPERO	3.84	(0.05)	0.00	0.04	4.49	(5.65)	8.59	(8.63)	30.11
KONSOL	2.10	(0.02)	0.00	1.89	0.00	0.00	5.15	(4.70)	15.19

Nnit AS Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nnit AS stock to make a market-neutral strategy. Peer analysis of Nnit AS could also be used in its relative valuation, which is a method of valuing Nnit AS by comparing valuation metrics with similar companies.

Columbus AS Trifork Holding AG Solar AS Bang Olufsen Dataproces Group AS RTX AS Wirtek AS Asetek AS Impero AS Konsolidator AS American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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.

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