DNORD.CO vs. TYRES.HE
DNORD.CO (Dampskibsselskabet Norden A/S) and TYRES.HE (Nokian Renkaat Oyj) are both stocks. DNORD.CO operates in Marine Shipping (Industrials), while TYRES.HE operates in Auto Parts (Consumer Cyclical). Over the past 10 years, DNORD.CO returned 20.67%/yr vs -4.89%/yr for TYRES.HE. At a 0.29 correlation, their price movements are largely independent.
Performance
DNORD.CO vs. TYRES.HE - Performance Comparison
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Different Trading Currencies
DNORD.CO is traded in DKK, while TYRES.HE is traded in EUR. To make them comparable, the TYRES.HE values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, DNORD.CO achieves a 30.14% return, which is significantly higher than TYRES.HE's 25.88% return. Over the past 10 years, DNORD.CO has outperformed TYRES.HE with an annualized return of 20.67%, while TYRES.HE has yielded a comparatively lower -4.89% annualized return.
DNORD.CO
- 1D
- -0.49%
- 1M
- 1.12%
- YTD
- 30.14%
- 6M
- 27.71%
- 1Y
- 55.51%
- 3Y*
- 2.53%
- 5Y*
- 24.41%
- 10Y*
- 20.67%
TYRES.HE
- 1D
- 3.75%
- 1M
- 10.51%
- YTD
- 25.88%
- 6M
- 36.68%
- 1Y
- 87.14%
- 3Y*
- 17.60%
- 5Y*
- -14.84%
- 10Y*
- -4.89%
DNORD.CO vs. TYRES.HE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNORD.CO Dampskibsselskabet Norden A/S | 30.14% | 23.22% | -29.91% | -10.14% | 213.63% | 61.25% | 5.62% | 17.88% | -20.73% | 5.43% |
TYRES.HE Nokian Renkaat Oyj | 25.88% | 34.38% | -4.88% | -7.51% | -69.95% | 19.86% | 18.01% | 0.59% | -25.55% | 11.29% |
Correlation
The correlation between DNORD.CO and TYRES.HE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.29 |
Over the past year, the correlation between DNORD.CO and TYRES.HE has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
DNORD.CO vs. TYRES.HE — Risk / Return Rank
DNORD.CO
TYRES.HE
DNORD.CO vs. TYRES.HE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dampskibsselskabet Norden A/S (DNORD.CO) and Nokian Renkaat Oyj (TYRES.HE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DNORD.CO | TYRES.HE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 4.05 | -0.72 |
| Martin ratioReturn relative to average drawdown | 9.89 | 10.58 | -0.68 |
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Drawdowns
DNORD.CO vs. TYRES.HE - Drawdown Comparison
The maximum DNORD.CO drawdown since its inception was -87.57%, which is greater than TYRES.HE's maximum drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for DNORD.CO and TYRES.HE.
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Drawdown Indicators
| DNORD.CO | TYRES.HE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -80.17% | -7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -21.74% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -61.21% | -32.35% | -28.86% |
Max Drawdown (5Y)Largest decline over 5 years | -64.28% | -80.17% | +15.89% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -80.17% | +15.89% |
Current DrawdownCurrent decline from peak | -20.46% | -58.01% | +37.55% |
Average DrawdownAverage peak-to-trough decline | -56.73% | -32.77% | -23.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 8.39% | -2.71% |
Volatility
DNORD.CO vs. TYRES.HE - Volatility Comparison
Dampskibsselskabet Norden A/S (DNORD.CO) has a higher volatility of 8.30% compared to Nokian Renkaat Oyj (TYRES.HE) at 7.62%. This indicates that DNORD.CO's price experiences larger fluctuations and is considered to be riskier than TYRES.HE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DNORD.CO | TYRES.HE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 7.62% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 29.83% | 24.74% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.74% | 34.18% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.81% | 41.08% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.93% | 36.36% | +4.57% |
Dividends
DNORD.CO vs. TYRES.HE - Dividend Comparison
DNORD.CO's dividend yield for the trailing twelve months is around 2.47%, more than TYRES.HE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNORD.CO Dampskibsselskabet Norden A/S | 2.47% | 3.17% | 7.53% | 20.25% | 18.66% | 5.41% | 2.28% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% |
TYRES.HE Nokian Renkaat Oyj | 2.16% | 2.64% | 7.48% | 6.66% | 5.74% | 3.60% | 3.96% | 6.16% | 5.82% | 4.05% | 4.23% | 4.38% |
Financials
DNORD.CO vs. TYRES.HE - Financials Comparison
This section allows you to compare key financial metrics between Dampskibsselskabet Norden A/S and Nokian Renkaat Oyj. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
DNORD.CO and TYRES.HE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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