Correlation Between Genmab AS and DSV Panalpina
Can any of the company-specific risk be diversified away by investing in both Genmab AS and DSV Panalpina 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 Genmab AS and DSV Panalpina into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Genmab AS and DSV Panalpina AS, you can compare the effects of market volatilities on Genmab AS and DSV Panalpina 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 Genmab AS with a short position of DSV Panalpina. Check out your portfolio center. Please also check ongoing floating volatility patterns of Genmab AS and DSV Panalpina.
Diversification Opportunities for Genmab AS and DSV Panalpina
0.1 | Correlation Coefficient |
Average diversification
The 3 months correlation between Genmab and DSV is 0.1. Overlapping area represents the amount of risk that can be diversified away by holding Genmab AS and DSV Panalpina AS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DSV Panalpina AS and Genmab AS 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 Genmab AS are associated (or correlated) with DSV Panalpina. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DSV Panalpina AS has no effect on the direction of Genmab AS i.e., Genmab AS and DSV Panalpina go up and down completely randomly.
Pair Corralation between Genmab AS and DSV Panalpina
Assuming the 90 days trading horizon Genmab AS is expected to generate 0.98 times more return on investment than DSV Panalpina. However, Genmab AS is 1.02 times less risky than DSV Panalpina. It trades about 0.16 of its potential returns per unit of risk. DSV Panalpina AS is currently generating about 0.13 per unit of risk. If you would invest 173,900 in Genmab AS on September 6, 2025 and sell it today you would earn a total of 32,300 from holding Genmab AS or generate 18.57% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Genmab AS vs. DSV Panalpina AS
Performance |
| Timeline |
| Genmab AS |
| DSV Panalpina AS |
Genmab AS and DSV Panalpina Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Genmab AS and DSV Panalpina
The main advantage of trading using opposite Genmab AS and DSV Panalpina positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Genmab AS position performs unexpectedly, DSV Panalpina 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 DSV Panalpina will offset losses from the drop in DSV Panalpina's long position.| Genmab AS vs. PARKEN Sport Entertainment | Genmab AS vs. Nordea Bank Abp | Genmab AS vs. Skjern Bank AS | Genmab AS vs. Djurslands Bank |
| DSV Panalpina vs. Nordinvestments AS | DSV Panalpina vs. Djurslands Bank | DSV Panalpina vs. Prime Office AS | DSV Panalpina vs. Moens Bank AS |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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