Groenlandsbanken Correlations

GRLA Stock

DKK 1,200 100.00 9.09%

The current 90-days correlation between Groenlandsbanken and Kreditbanken AS is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Groenlandsbanken moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groenlandsbanken AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

The ability to find closely correlated positions to Groenlandsbanken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groenlandsbanken 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 Groenlandsbanken - 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 Groenlandsbanken AS to buy it.

Related Correlations Analysis

	KRE	FYNBK	DJUR	MNBA	SKJE	LOLB	DKIMOAK	SPIEMIKL	NYIDAA
KRE		0.75	0.74	0.76	0.77	0.82	0.69	0.74	0.65	KRE
FYNBK	0.75		0.78	0.89	0.78	0.87	0.59	0.56	0.63	FYNBK
DJUR	0.74	0.78		0.72	0.9	0.78	0.61	0.36	0.87	DJUR
MNBA	0.76	0.89	0.72		0.8	0.93	0.7	0.65	0.64	MNBA
SKJE	0.77	0.78	0.9	0.8		0.87	0.72	0.52	0.9	SKJE
LOLB	0.82	0.87	0.78	0.93	0.87		0.72	0.67	0.72	LOLB
DKIMOAK	0.69	0.59	0.61	0.7	0.72	0.72		0.8	0.65	DKIMOAK
SPIEMIKL	0.74	0.56	0.36	0.65	0.52	0.67	0.8		0.38	SPIEMIKL
NYIDAA	0.65	0.63	0.87	0.64	0.9	0.72	0.65	0.38		NYIDAA
	KRE	FYNBK	DJUR	MNBA	SKJE	LOLB	DKIMOAK	SPIEMIKL	NYIDAA

Risk-Adjusted Indicators

There is a big difference between Groenlandsbanken Stock performing well and Groenlandsbanken 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 Groenlandsbanken'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
KRE	1.05	0.16	0.09	0.48	1.06	(1.29)	2.04	(2.03)	8.76
FYNBK	1.36	0.34	0.17	2.12	1.18	(1.76)	4.84	(2.13)	9.91
DJUR	1.21	0.47	0.29	1.44	0.71	(1.43)	3.53	(1.79)	8.98
MNBA	1.10	0.17	0.10	0.35	1.08	(1.36)	2.81	(1.70)	8.93
SKJE	1.18	0.42	0.23	2.86	1.03	(1.56)	3.28	(1.46)	11.93
LOLB	1.09	0.20	0.10	1.00	0.99	(1.42)	3.23	(1.90)	5.74
DKIMOAK	0.33	0.04	(0.08)	(2.68)	0.37	(0.36)	0.85	(0.71)	2.48
SPIEMIKL	0.66	0.09	0.03	0.61	0.75	(0.75)	1.63	(1.29)	5.27
NYIDAA	0.56	0.11	0.06	1.48	0.52	(0.65)	1.28	(0.71)	3.73

Be your own money manager

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