SAS AB Related Correlations

SAS-DKK Stock

DKK 0.02 0.0005 3.09%

Generate correlation matrix for SAS AB and other related equities to check the degree to which SAS AB price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for SAS AB. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAS AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy SAS Stock please use our How to buy in SAS Stock guide.

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Please note, there is a significant difference between SAS AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if SAS AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SAS AB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	DANSKE	BAVA	AMBU-B	FLS	ISS
DANSKE		-0.36	-0.23	0.9	-0.66	DANSKE
BAVA	-0.36		0.68	-0.25	0.18	BAVA
AMBU-B	-0.23	0.68		-0.07	0.01	AMBU-B
FLS	0.9	-0.25	-0.07		-0.64	FLS
ISS	-0.66	0.18	0.01	-0.64		ISS
	DANSKE	BAVA	AMBU-B	FLS	ISS

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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

FLS	+ 0.9	DANSKE
AMBU-B	+ 0.68	BAVA
ISS	+ 0.18	BAVA
ISS	+ 0.01	AMBU-B

High negative correlations

ISS	- 0.66	DANSKE
ISS	- 0.64	FLS
BAVA	- 0.36	DANSKE
FLS	- 0.25	BAVA
AMBU-B	- 0.23	DANSKE
FLS	- 0.07	AMBU-B

Risk-Adjusted Indicators

There is a big difference between SAS Stock performing well and SAS AB 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 SAS AB'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DANSKE	0.99	0.22	0.11	(1.22)	0.85	(1.16)	2.59	(1.78)	10.43
BAVA	1.74	(0.02)	0.00	0.11	0.00	0.00	4.10	(3.66)	10.38
AMBU-B	1.58	(0.04)	0.00	0.22	0.00	0.00	3.03	(3.24)	11.60
FLS	1.53	0.52	0.20	(0.50)	1.42	(1.76)	3.37	(2.34)	10.43
ISS	1.08	0.04	(0.02)	(0.47)	1.73	(1.07)	2.21	(1.73)	9.45

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SAS AB Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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