Correlation Between Jyske Bank and DBS Group
Can any of the company-specific risk be diversified away by investing in both Jyske Bank and DBS Group at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Jyske Bank and DBS Group into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Jyske Bank AS and DBS Group Holdings, you can compare the effects of market volatilities on Jyske Bank and DBS Group and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Jyske Bank with a short position of DBS Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jyske Bank and DBS Group.
Diversification Opportunities for Jyske Bank and DBS Group
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Jyske and DBS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Jyske Bank AS and DBS Group Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DBS Group Holdings and Jyske Bank is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Jyske Bank AS are associated (or correlated) with DBS Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DBS Group Holdings has no effect on the direction of Jyske Bank i.e., Jyske Bank and DBS Group go up and down completely randomly.
Pair Corralation between Jyske Bank and DBS Group
If you would invest 1,429 in Jyske Bank AS on October 9, 2024 and sell it today you would earn a total of 0.00 from holding Jyske Bank AS or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jyske Bank AS vs. DBS Group Holdings
Performance |
| Timeline |
| Jyske Bank AS |
| DBS Group Holdings |
Jyske Bank and DBS Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jyske Bank and DBS Group
The main advantage of trading using opposite Jyske Bank and DBS Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jyske Bank position performs unexpectedly, DBS Group can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DBS Group will offset losses from the drop in DBS Group's long position.| Jyske Bank vs. Baraboo Bancorporation | Jyske Bank vs. Schweizerische Nationalbank | Jyske Bank vs. Danske Bank AS | Jyske Bank vs. Absa Group Limited |
| DBS Group vs. United Overseas Bank | DBS Group vs. KBC Groep NV | DBS Group vs. Overseas Chinese Banking | DBS Group vs. China Minsh |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |