Pandora A/S Correlations

3P7 Stock

EUR 170.20 1.70 1.01%

The current 90-days correlation between Pandora A/S and Compagnie Financire Richemont is -0.14 (i.e., Good diversification). The correlation of Pandora A/S 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Pandora A/S Correlation With Market

Average diversification

The correlation between Pandora AS and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pandora AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Pandora A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pandora A/S 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 Pandora A/S - 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 Pandora AS to buy it.

Moving together with Pandora Stock

0.63	HMI	Herms International Socit	Pair Corr
0.76	TM2	Sydbank AS	Pair Corr
0.65	92I	ROMERIKE SPAREBANK	Pair Corr
0.66	BFP	BBVA Banco Frances	Pair Corr
0.66	UFH	US Foods Holding	Pair Corr
0.62	M5V	EHEALTH	Pair Corr
0.66	CEK	CEOTRONICS	Pair Corr
0.71	HDFA	HDFC Bank Limited	Pair Corr
0.61	NH5	NH HOTEL GROUP	Pair Corr
0.67	NY70	MOLSON RS BEVERAGE	Pair Corr
0.69	ENR	Siemens Energy AG	Pair Corr
0.72	H0O	REVO INSURANCE SPA	Pair Corr
0.63	NSE	Nomura Holdings	Pair Corr
0.82	APC	Apple Inc	Pair Corr
0.63	SK3	Smurfit Kappa Group	Pair Corr

Moving against Pandora Stock

0.6	UHRA	Swatch Group	Pair Corr
0.41	YHA	Yamaha Split	Pair Corr
0.51	VAR1	Varta AG	Pair Corr
0.44	XYTA	CHINA HUARONG ENERHD	Pair Corr

Related Correlations Analysis

	MOHF	MOH	MOH	HMI	DIO0	DIO	UHRA	RIT1	PPXB
MOHF		0.93	0.94	0.69	0.91	0.91	0.4	0.63	0.86	MOHF
MOH	0.93		0.98	0.65	0.89	0.92	0.44	0.52	0.83	MOH
MOH	0.94	0.98		0.72	0.9	0.93	0.42	0.59	0.84	MOH
HMI	0.69	0.65	0.72		0.6	0.58	0.05	0.8	0.53	HMI
DIO0	0.91	0.89	0.9	0.6		0.97	0.49	0.6	0.88	DIO0
DIO	0.91	0.92	0.93	0.58	0.97		0.52	0.59	0.89	DIO
UHRA	0.4	0.44	0.42	0.05	0.49	0.52		0.31	0.49	UHRA
RIT1	0.63	0.52	0.59	0.8	0.6	0.59	0.31		0.55	RIT1
PPXB	0.86	0.83	0.84	0.53	0.88	0.89	0.49	0.55		PPXB
	MOHF	MOH	MOH	HMI	DIO0	DIO	UHRA	RIT1	PPXB

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Risk-Adjusted Indicators

There is a big difference between Pandora Stock performing well and Pandora A/S 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 Pandora A/S'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
MOHF	1.93	0.08	0.03	0.25	2.10	(2.56)	5.22	(3.31)	18.78
MOH	1.50	0.09	0.04	(63.20)	1.86	(1.75)	3.18	(3.07)	16.73
MOH	1.43	0.11	0.05	0.87	1.72	(1.51)	3.40	(3.47)	14.19
HMI	1.46	0.28	0.16	3.58	1.36	(1.74)	3.81	(2.53)	15.68
DIO0	1.69	0.07	0.02	0.21	1.96	(2.15)	3.80	(3.45)	14.76
DIO	1.52	0.04	0.01	0.11	1.85	(1.85)	4.30	(3.04)	14.55
UHRA	1.87	0.07	0.01	0.41	2.69	(3.33)	6.67	(5.26)	19.77
RIT1	2.27	0.26	0.08	1.28	2.37	(2.95)	6.67	(4.73)	15.45
PPXB	2.38	0.03	0.01	0.06	2.71	(2.86)	4.55	(5.45)	21.29

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Our tools can tell you how much better you can do entering a position in Pandora A/S 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.

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Pandora A/S Corporate Management

Elected by the shareholders, the Pandora A/S's board of directors comprises two types of representatives: Pandora A/S inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pandora. The board's role is to monitor Pandora A/S's management team and ensure that shareholders' interests are well served. Pandora A/S'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, Pandora A/S's outside directors are responsible for providing unbiased perspectives on the board's policies.

Peter Mark	Managing CEE	Profile
Jeremy Schwartz	Advisor	Profile
John Backman	Tax Relations	Profile
David Walmsley	Chief Officer	Profile
Per Enevoldsen	Founder CoOwner	Profile

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