Jyske Bank Correlations

JYSK Stock

DKK 819.00 5.00 0.61%

The current 90-days correlation between Jyske Bank AS and Sydbank AS is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jyske Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jyske Bank AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jyske Bank Correlation With Market

Weak diversification

The correlation between Jyske Bank AS and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jyske Bank AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jyske Stock

0.86	SYDB	Sydbank AS	Pair Corr
0.75	DANSKE	Danske Bank AS	Pair Corr
0.68	LOLB	Lollands Bank	Pair Corr
0.71	FYNBK	Fynske Bank AS	Pair Corr
0.66	KRE	Kreditbanken AS	Pair Corr

Moving against Jyske Stock

0.33

GRLA

Groenlandsbanken

Pair Corr

Related Correlations Analysis

	SYDB	RILBA	LASP	DJUR	SKJE	SPKSJF	VJBA	GRLA	MNBA	DAB
SYDB		-0.09	0.66	0.82	0.67	-0.1	0.84	-0.22	0.69	0.64	SYDB
RILBA	-0.09		-0.17	-0.32	-0.01	0.49	-0.13	0.18	0.0	-0.12	RILBA
LASP	0.66	-0.17		0.71	0.52	-0.16	0.89	-0.18	0.86	0.91	LASP
DJUR	0.82	-0.32	0.71		0.78	0.02	0.87	-0.42	0.57	0.68	DJUR
SKJE	0.67	-0.01	0.52	0.78		0.39	0.75	-0.38	0.51	0.56	SKJE
SPKSJF	-0.1	0.49	-0.16	0.02	0.39		0.04	-0.29	-0.09	0.01	SPKSJF
VJBA	0.84	-0.13	0.89	0.87	0.75	0.04		-0.38	0.82	0.87	VJBA
GRLA	-0.22	0.18	-0.18	-0.42	-0.38	-0.29	-0.38		-0.06	-0.17	GRLA
MNBA	0.69	0.0	0.86	0.57	0.51	-0.09	0.82	-0.06		0.87	MNBA
DAB	0.64	-0.12	0.91	0.68	0.56	0.01	0.87	-0.17	0.87		DAB
	SYDB	RILBA	LASP	DJUR	SKJE	SPKSJF	VJBA	GRLA	MNBA	DAB

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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

DAB	+ 0.91	LASP
VJBA	+ 0.89	LASP
VJBA	+ 0.87	DJUR
DAB	+ 0.87	VJBA
DAB	+ 0.87	MNBA
MNBA	+ 0.86	LASP

High negative correlations

GRLA	- 0.42	DJUR
GRLA	- 0.38	VJBA
GRLA	- 0.38	SKJE
DJUR	- 0.32	RILBA
GRLA	- 0.29	SPKSJF
GRLA	- 0.22	SYDB

Risk-Adjusted Indicators

There is a big difference between Jyske Stock performing well and Jyske Bank 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 Jyske Bank'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
SYDB	1.18	0.23	0.07	(0.88)	1.29	(1.25)	2.27	(2.54)	8.78
RILBA	0.85	(0.01)	(0.05)	0.06	1.16	(0.82)	1.89	(1.59)	5.97
LASP	1.41	0.30	0.12	(3.27)	1.16	(2.16)	4.84	(2.50)	11.37
DJUR	1.16	0.24	0.09	1.68	1.23	(1.32)	3.40	(2.80)	8.98
SKJE	1.06	(0.03)	(0.02)	0.07	1.48	(1.37)	2.73	(1.75)	11.93
SPKSJF	0.97	(0.03)	0.00	(0.06)	0.00	0.00	1.78	(2.21)	6.87
VJBA	1.34	0.61	0.53	3.58	0.00	(1.73)	1.85	(1.44)	37.44
GRLA	0.44	0.00	(0.10)	0.16	0.52	(0.75)	1.15	(1.14)	3.43
MNBA	0.83	0.02	(0.04)	0.16	0.85	(1.12)	1.80	(1.69)	7.45
DAB	1.17	0.18	0.06	0.65	1.33	(1.42)	4.36	(2.64)	8.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jyske Bank 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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Jyske Bank Corporate Management

Elected by the shareholders, the Jyske Bank's board of directors comprises two types of representatives: Jyske Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jyske. The board's role is to monitor Jyske Bank's management team and ensure that shareholders' interests are well served. Jyske Bank'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, Jyske Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Morten Kristensen	Director Functions	Profile
Trine Nrgaard	Director Sustainability	Profile
Birger Nielsen	Investor Relations Contact Officer	Profile
Peter Schleidt	Member of the Supervisory Board	Profile

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