Correlation Between BankInvest Danske and MetLife

By analyzing existing cross correlation between BankInvest Danske Aktier and MetLife you can compare the effects of market volatilities on BankInvest Danske and MetLife 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 BankInvest Danske with a short position of MetLife. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Danske and MetLife.

Specify exactly 2 symbols:

Can any of the company-specific risk be diversified away by investing in both BankInvest Danske and MetLife at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing BankInvest Danske and MetLife into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for BankInvest Danske and MetLife

<div class='circular--portrait-small' style='font-weight: 700;background:#000000;color: #f2f2f2;font-size:0.9em;padding-top: 12px;;'>MET</div>

Pay attention - limited upside

The 3 months correlation between BankInvest and MetLife is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Danske Aktier Akk A and MetLife Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MetLife and BankInvest Danske 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 BankInvest Danske Aktier are associated (or correlated) with MetLife. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MetLife has no effect on the direction of BankInvest Danske i.e. BankInvest Danske and MetLife go up and down completely randomly.

Pair Corralation between BankInvest Danske and MetLife

If you would invest (100.00)  in BankInvest Danske Aktier on April 24, 2020 and sell it today you would earn a total of  100.00  from holding BankInvest Danske Aktier or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns

BankInvest Danske Aktier Akk A  vs.  MetLife Inc

 Performance (%) 
BankInvest Danske 

BankInvest Danske Risk-Adjusted Performance

Over the last 30 days BankInvest Danske Aktier has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BankInvest Danske is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

MetLife Risk-Adjusted Performance

Over the last 30 days MetLife has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's essential indicators remain comparatively unchanging which may send shares a bit higher in June 2020. The late uproar may also be a sign of mid-term up-swing for the firm leadership.

BankInvest Danske and MetLife Volatility Contrast

Check out your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.

Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page