PF BankNordik Correlations
| BNORDIK-CSE | DKK 164.00 1.00 0.61% |
The current 90-days correlation between PF BankNordik and Skjern Bank AS is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PF BankNordik moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PF BankNordik moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PF BankNordik Correlation With Market
Significant diversification
The correlation between PF BankNordik and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PF BankNordik and DJI in the same portfolio, assuming nothing else is changed.
BNORDIK-CSE |
The ability to find closely correlated positions to PF BankNordik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PF BankNordik 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 PF BankNordik - 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 PF BankNordik to buy it.
Moving together with BNORDIK-CSE Stock
Moving against BNORDIK-CSE Stock
| 0.89 | NLFSK | Nilfisk Holding AS | PairCorr |
| 0.83 | JYSK | Jyske Bank AS | PairCorr |
| 0.81 | VJBA | Vestjysk Bank AS | PairCorr |
| 0.81 | SKJE | Skjern Bank AS | PairCorr |
| 0.8 | ALK-B | ALK Abell AS | PairCorr |
| 0.46 | DAC | Danish Aerospace | PairCorr |
Related Correlations Analysis
| -0.42 | 0.87 | 0.82 | 0.41 | VJBA | ||
| -0.42 | -0.63 | -0.68 | 0.11 | SPNO | ||
| 0.87 | -0.63 | 0.86 | 0.37 | SKJE | ||
| 0.82 | -0.68 | 0.86 | 0.41 | RTX | ||
| 0.41 | 0.11 | 0.37 | 0.41 | LOLB | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between BNORDIK-CSE Stock performing well and PF BankNordik 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 PF BankNordik'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VJBA | 0.60 | (0.07) | 0.00 | 0.83 | 0.00 | 1.19 | 4.00 | |||
| SPNO | 0.92 | 0.11 | (0.02) | (1.03) | 1.37 | 2.11 | 6.37 | |||
| SKJE | 0.95 | (0.34) | 0.00 | (1.79) | 0.00 | 1.50 | 6.63 | |||
| RTX | 1.25 | (0.40) | 0.00 | (8.78) | 0.00 | 2.00 | 11.21 | |||
| LOLB | 1.05 | (0.06) | 0.00 | 0.41 | 0.00 | 2.68 | 7.18 |
PF BankNordik 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 PF BankNordik stock to make a market-neutral strategy. Peer analysis of PF BankNordik could also be used in its relative valuation, which is a method of valuing PF BankNordik by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PF BankNordik Corporate Management
Elected by the shareholders, the PF BankNordik's board of directors comprises two types of representatives: PF BankNordik inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BNORDIK-CSE. The board's role is to monitor PF BankNordik's management team and ensure that shareholders' interests are well served. PF BankNordik'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, PF BankNordik's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cecil Weihe | Head Controlling | Profile | |
| Rune Norregaard | Fin, Services | Profile | |
| Carl Olsen | Investor Mang | Profile | |
| Klaus Waidtlw | Head Trading | Profile | |
| Niels Joensen | Head Banking | Profile | |
| Arni Ellefsen | CEO Board | Profile | |
| Turio Arge | Head EVP | Profile |