Orsted AS Correlations

ORSTED Stock

DKK 393.60 5.10 1.31%

The current 90-days correlation between Orsted AS and Copenhagen Capital AS is -0.23 (i.e., Very good diversification). The correlation of Orsted AS 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.

Orsted AS Correlation With Market

Very good diversification

The correlation between Orsted AS and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orsted AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Orsted 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 Orsted 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 Orsted 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 Orsted AS to buy it.

Moving together with Orsted Stock

0.71

DKIDK

Danske Invest Danmark

Pair Corr

Moving against Orsted Stock

0.75

RILBA

Ringkjoebing Landbobank

Pair Corr

Related Correlations Analysis

	CPHCAP-ST	JDAN	LUXOR-B	FED	PRIMOF	FPILIM	STRINV	SIG
CPHCAP-ST		0.36	0.19	0.32	-0.05	0.49	0.09	-0.07	CPHCAP-ST
JDAN	0.36		0.62	0.48	-0.17	0.59	0.04	-0.4	JDAN
LUXOR-B	0.19	0.62		0.37	0.04	0.46	0.17	-0.23	LUXOR-B
FED	0.32	0.48	0.37		-0.24	0.66	-0.11	-0.27	FED
PRIMOF	-0.05	-0.17	0.04	-0.24		-0.51	0.49	0.37	PRIMOF
FPILIM	0.49	0.59	0.46	0.66	-0.51		-0.24	-0.43	FPILIM
STRINV	0.09	0.04	0.17	-0.11	0.49	-0.24		0.34	STRINV
SIG	-0.07	-0.4	-0.23	-0.27	0.37	-0.43	0.34		SIG
	CPHCAP-ST	JDAN	LUXOR-B	FED	PRIMOF	FPILIM	STRINV	SIG

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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

FPILIM	+ 0.66	FED
LUXOR-B	+ 0.62	JDAN
FPILIM	+ 0.59	JDAN
FPILIM	+ 0.49	CPHCAP-ST
STRINV	+ 0.49	PRIMOF
FED	+ 0.48	JDAN

High negative correlations

FPILIM	- 0.51	PRIMOF
SIG	- 0.43	FPILIM
SIG	- 0.4	JDAN
SIG	- 0.27	FED
STRINV	- 0.24	FPILIM
PRIMOF	- 0.24	FED

Risk-Adjusted Indicators

There is a big difference between Orsted Stock performing well and Orsted 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 Orsted 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
CPHCAP-ST	0.96	(0.09)	0.00	(0.05)	0.00	0.00	2.00	(1.94)	7.82
JDAN	1.10	0.01	(0.06)	0.40	1.55	(1.23)	2.07	(2.15)	9.53
LUXOR-B	1.41	0.01	(0.03)	0.15	1.89	(2.38)	3.60	(3.48)	12.52
FED	0.95	0.01	(0.05)	0.15	1.06	(1.70)	2.59	(2.52)	6.05
PRIMOF	1.06	(0.10)	0.00	(0.35)	0.00	0.00	2.27	(2.22)	9.07
FPILIM	0.57	0.02	(0.03)	0.15	0.52	(0.67)	1.18	(1.00)	4.02
STRINV	1.53	0.08	(0.02)	(0.32)	2.05	(2.89)	2.94	(2.88)	27.71
SIG	0.88	0.01	(0.08)	0.02	1.12	(1.22)	1.91	(1.86)	5.60

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Our tools can tell you how much better you can do entering a position in Orsted 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.

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Orsted AS Corporate Management

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

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