Correlation Between BankInvest Optima and DSV Panalpina

By analyzing existing cross correlation between BankInvest Optima 30 and DSV Panalpina AS you can compare the effects of market volatilities on BankInvest Optima 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 BankInvest Optima with a short position of DSV Panalpina. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Optima and DSV Panalpina.

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Can any of the company-specific risk be diversified away by investing in both BankInvest Optima and DSV Panalpina 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 Optima and DSV Panalpina into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for BankInvest Optima and DSV Panalpina

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Pay attention - limited upside

The 3 months correlation between BankInvest and DSV Panalpina is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Optima 30 KL 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 BankInvest Optima 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 Optima 30 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 BankInvest Optima i.e. BankInvest Optima and DSV Panalpina go up and down completely randomly.

Pair Corralation between BankInvest Optima and DSV Panalpina

If you would invest  59,139  in DSV Panalpina AS on May 6, 2020 and sell it today you would earn a total of  14,681  from holding DSV Panalpina AS or generate 24.82% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns

BankInvest Optima 30 KL  vs.  DSV Panalpina AS

 Performance (%) 
BankInvest Optima 

BankInvest Optima Risk-Adjusted Performance

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

DSV Panalpina Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in DSV Panalpina AS are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Allthough quite conflicting forward indicators, DSV Panalpina disclosed solid returns over the last few months and may actually be approaching a breakup point.

BankInvest Optima and DSV Panalpina Volatility Contrast

DSV Panalpina AS

Pair trading matchups for DSV Panalpina

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