Vestas Wind Correlations
| VWS Stock | DKK 104.00 4.52 4.54% |
The current 90-days correlation between Vestas Wind Systems and Orsted AS is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vestas Wind moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vestas Wind Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Vestas Wind Correlation With Market
Very good diversification
The correlation between Vestas Wind Systems and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vestas Wind Systems and DJI in the same portfolio, assuming nothing else is changed.
Vestas |
The ability to find closely correlated positions to Vestas Wind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vestas Wind 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 Vestas Wind - 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 Vestas Wind Systems to buy it.
Moving together with Vestas Stock
| 0.82 | CONFRZ | Conferize AS | PairCorr |
| 0.66 | MONSO | Monsenso AS | PairCorr |
| 0.91 | DFDS | DFDS AS | PairCorr |
| 0.88 | ATLA-DKK | PF Atlantic Petroleum | PairCorr |
Moving against Vestas Stock
Related Correlations Analysis
| -0.45 | 0.2 | 0.11 | -0.41 | ORSTED | ||
| -0.45 | 0.34 | -0.57 | 0.15 | DANSKE | ||
| 0.2 | 0.34 | -0.8 | -0.61 | BAVA | ||
| 0.11 | -0.57 | -0.8 | 0.43 | DSV | ||
| -0.41 | 0.15 | -0.61 | 0.43 | MAERSK-B | ||
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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 Vestas Stock performing well and Vestas Wind 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 Vestas Wind'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORSTED | 1.68 | 0.21 | (0.02) | (0.05) | 2.80 | 4.06 | 18.80 | |||
| DANSKE | 0.86 | (0.06) | 0.00 | (1.61) | 0.00 | 1.39 | 5.71 | |||
| BAVA | 2.06 | (0.47) | 0.00 | (1.53) | 0.00 | 3.45 | 21.30 | |||
| DSV | 1.16 | 0.26 | 0.16 | 1.06 | 0.76 | 2.66 | 12.28 | |||
| MAERSK-B | 2.10 | 0.31 | 0.03 | (0.22) | 2.30 | 4.03 | 14.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vestas Wind 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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Vestas Wind Corporate Management
Elected by the shareholders, the Vestas Wind's board of directors comprises two types of representatives: Vestas Wind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vestas. The board's role is to monitor Vestas Wind's management team and ensure that shareholders' interests are well served. Vestas Wind'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, Vestas Wind's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hans Smith | Sr. VP of Investor Relations | Profile | |
| Morten Dyrholm | Communications Marketing | Profile | |
| Mathias Dalsten | VP Relations | Profile | |
| Anders Nielsen | Ex CTO | Profile | |
| Javier Diez | Ex Officer | Profile | |
| Kerstin Knapp | Ex Culture | Profile | |
| Tommy Nielsen | Ex COO | Profile |