Trifork Holding Correlations
| TRIFOR Stock | 78.90 0.50 0.64% |
The current 90-days correlation between Trifork Holding AG and Novo Nordisk AS is 0.03 (i.e., Significant diversification). The correlation of Trifork Holding 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.
Trifork Holding Correlation With Market
Good diversification
The correlation between Trifork Holding AG and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trifork Holding AG and DJI in the same portfolio, assuming nothing else is changed.
Trifork |
The ability to find closely correlated positions to Trifork Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trifork Holding 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 Trifork Holding - 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 Trifork Holding AG to buy it.
Moving against Trifork Stock
| 0.53 | MAJPEN | Maj Invest Pension | PairCorr |
| 0.46 | MAJDKO | Maj Invest | PairCorr |
| 0.43 | ORSTED | Orsted AS Earnings Call This Week | PairCorr |
| 0.42 | MONSO | Monsenso AS | PairCorr |
| 0.4 | MAERSK-B | AP Mller Earnings Call This Week | PairCorr |
| 0.38 | MAERSK-A | AP Mller Earnings Call This Week | PairCorr |
| 0.35 | DSV | DSV Panalpina AS Earnings Call Tomorrow | PairCorr |
| 0.32 | NOVO-B | Novo Nordisk AS Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Trifork Stock performing well and Trifork Holding 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 Trifork Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOVO-B | 2.26 | (0.32) | 0.00 | (0.51) | 0.00 | 4.03 | 24.75 | |||
| NDA-DK | 0.77 | 0.08 | 0.01 | 1.83 | 1.07 | 1.67 | 4.45 | |||
| DSV | 0.78 | (0.09) | 0.00 | (1.47) | 0.00 | 1.94 | 4.12 | |||
| MAERSK-B | 1.88 | (0.06) | 0.00 | 0.17 | 0.00 | 3.40 | 11.67 | |||
| MAERSK-A | 1.78 | (0.03) | 0.00 | 0.12 | 0.00 | 3.62 | 10.88 | |||
| ORSTED | 2.19 | (0.57) | 0.00 | 0.57 | 0.00 | 3.63 | 15.51 | |||
| VWS | 2.62 | (0.20) | 0.00 | 0.30 | 0.00 | 4.54 | 15.44 | |||
| GMAB | 1.55 | (0.08) | 0.00 | 0.57 | 0.00 | 2.58 | 13.76 | |||
| COLO-B | 0.96 | (0.11) | 0.00 | (0.15) | 0.00 | 1.93 | 6.72 | |||
| CARL-B | 1.16 | 0.02 | (0.03) | (1.74) | 1.48 | 2.08 | 6.97 |
Be your own money manager
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Trifork Holding Corporate Management
Elected by the shareholders, the Trifork Holding's board of directors comprises two types of representatives: Trifork Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trifork. The board's role is to monitor Trifork Holding's management team and ensure that shareholders' interests are well served. Trifork Holding'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, Trifork Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Rorsgaard | Chief Officer | Profile | |
| Dan Dysli | Head Relations | Profile | |
| Jesper Care | Chief CEO | Profile | |
| Jorn Larsen | Founder CEO | Profile | |
| Kristian WulfAndersen | Chief Officer | Profile |