Correlation Between Moens Bank and DSV Panalpina
Can any of the company-specific risk be diversified away by investing in both Moens Bank 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 Moens Bank and DSV Panalpina into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Moens Bank AS and DSV Panalpina AS, you can compare the effects of market volatilities on Moens Bank 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 Moens Bank with a short position of DSV Panalpina. Check out your portfolio center. Please also check ongoing floating volatility patterns of Moens Bank and DSV Panalpina.
Diversification Opportunities for Moens Bank and DSV Panalpina
0.57 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Moens and DSV is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding Moens Bank 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 Moens 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 Moens Bank 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 Moens Bank i.e., Moens Bank and DSV Panalpina go up and down completely randomly.
Pair Corralation between Moens Bank and DSV Panalpina
Assuming the 90 days trading horizon Moens Bank is expected to generate 3.54 times less return on investment than DSV Panalpina. But when comparing it to its historical volatility, Moens Bank AS is 1.6 times less risky than DSV Panalpina. It trades about 0.07 of its potential returns per unit of risk. DSV Panalpina AS is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 131,100 in DSV Panalpina AS on September 10, 2025 and sell it today you would earn a total of 23,900 from holding DSV Panalpina AS or generate 18.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Moens Bank AS vs. DSV Panalpina AS
Performance |
| Timeline |
| Moens Bank AS |
| DSV Panalpina AS |
Moens Bank and DSV Panalpina Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Moens Bank and DSV Panalpina
The main advantage of trading using opposite Moens Bank and DSV Panalpina positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Moens Bank 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.| Moens Bank vs. Lollands Bank | Moens Bank vs. Nordfyns Bank AS | Moens Bank vs. Hvidbjerg Bank | Moens Bank vs. Danske Invest Fjernosten |
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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