AP Mller Correlations
| MAERSK-A | DKK 10,120 590.00 6.19% |
The correlation of AP Mller is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AP Mller moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AP Mller moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between AP Mller and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AP Mller and NYA in the same portfolio, assuming nothing else is changed.
MAERSK-A |
The ability to find closely correlated positions to AP Mller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AP Mller 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 AP Mller - 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 AP Mller to buy it.
Moving together with MAERSK-A Stock
Moving against MAERSK-A Stock
| 0.95 | COLO-B | Coloplast AS | PairCorr |
| 0.86 | NOVO-B | Novo Nordisk AS Earnings Call This Week | PairCorr |
| 0.69 | DANSKE | Danske Bank AS Earnings Call This Week | PairCorr |
| 0.57 | JYSK | Jyske Bank AS | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between MAERSK-A Stock performing well and AP Mller 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 AP Mller'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in AP Mller 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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
AP Mller Corporate Management
Elected by the shareholders, the AP Mller's board of directors comprises two types of representatives: AP Mller inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MAERSK-A. The board's role is to monitor AP Mller's management team and ensure that shareholders' interests are well served. AP Mller'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, AP Mller's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Caroline Pontoppidan | Gen VP | Profile | |
| Susana Elvira | Chief Officer | Profile | |
| LarsErik Brenoe | Ex VP | Profile | |
| Signe Wagner | Head Relations | Profile | |
| Sarah Spray | Head Relations | Profile | |
| Soren Skou | CEO CEO | Profile | |
| Patrick Jany | CFO VP | Profile |
Already Invested in AP Mller ?
The danger of trading AP Mller is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AP Mller is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AP Mller. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AP Mller is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in AP Mller . Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for MAERSK-A Stock analysis
When running AP Mller's price analysis, check to measure AP Mller's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AP Mller is operating at the current time. Most of AP Mller's value examination focuses on studying past and present price action to predict the probability of AP Mller's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Mller's price. Additionally, you may evaluate how the addition of AP Mller to your portfolios can decrease your overall portfolio volatility.
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