TYRES.HE vs. NKT.CO
TYRES.HE (Nokian Renkaat Oyj) and NKT.CO (NKT A/S) are both stocks. TYRES.HE operates in Auto Parts (Consumer Cyclical), while NKT.CO operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, TYRES.HE returned -5.35%/yr vs 22.37%/yr for NKT.CO. At a 0.35 correlation, their price movements are largely independent.
Performance
TYRES.HE vs. NKT.CO - Performance Comparison
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Different Trading Currencies
TYRES.HE is traded in EUR, while NKT.CO is traded in DKK. To make them comparable, the NKT.CO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TYRES.HE achieves a 22.59% return, which is significantly lower than NKT.CO's 30.49% return. Over the past 10 years, TYRES.HE has underperformed NKT.CO with an annualized return of -5.35%, while NKT.CO has yielded a comparatively higher 22.37% annualized return.
TYRES.HE
- 1D
- 1.07%
- 1M
- 10.89%
- YTD
- 22.59%
- 6M
- 34.84%
- 1Y
- 81.30%
- 3Y*
- 16.59%
- 5Y*
- -15.46%
- 10Y*
- -5.35%
NKT.CO
- 1D
- 1.41%
- 1M
- 9.60%
- YTD
- 30.49%
- 6M
- 35.05%
- 1Y
- 99.14%
- 3Y*
- 38.27%
- 5Y*
- 31.44%
- 10Y*
- 22.37%
TYRES.HE vs. NKT.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYRES.HE Nokian Renkaat Oyj | 22.59% | 34.20% | -4.95% | -7.82% | -69.93% | 19.89% | 18.55% | 0.52% | -25.71% | 11.05% |
NKT.CO NKT A/S | 30.49% | 55.10% | 10.54% | 29.13% | 23.64% | 16.72% | 91.86% | 80.25% | -68.64% | 20.55% |
Correlation
The correlation between TYRES.HE and NKT.CO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.35 |
The correlation between TYRES.HE and NKT.CO shifts across timeframes, from 0.24 (3 years) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TYRES.HE vs. NKT.CO — Risk / Return Rank
TYRES.HE
NKT.CO
TYRES.HE vs. NKT.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nokian Renkaat Oyj (TYRES.HE) and NKT A/S (NKT.CO). 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.
| TYRES.HE | NKT.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 8.71 | -4.94 |
| Martin ratioReturn relative to average drawdown | 9.74 | 23.59 | -13.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYRES.HE | NKT.CO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.75 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.87 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.15 | 0.56 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.24 | +0.11 |
Drawdowns
TYRES.HE vs. NKT.CO - Drawdown Comparison
The maximum TYRES.HE drawdown since its inception was -80.25%, smaller than the maximum NKT.CO drawdown of -85.98%. Use the drawdown chart below to compare losses from any high point for TYRES.HE and NKT.CO.
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Drawdown Indicators
| TYRES.HE | NKT.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.25% | -85.98% | +5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -21.79% | -11.64% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -32.46% | -34.35% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -80.25% | -34.35% | -45.90% |
Max Drawdown (10Y)Largest decline over 10 years | -80.25% | -74.47% | -5.78% |
Current DrawdownCurrent decline from peak | -59.30% | -6.27% | -53.03% |
Average DrawdownAverage peak-to-trough decline | -29.01% | -32.90% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.40% | 4.84% | +3.56% |
Volatility
TYRES.HE vs. NKT.CO - Volatility Comparison
The current volatility for Nokian Renkaat Oyj (TYRES.HE) is 7.00%, while NKT A/S (NKT.CO) has a volatility of 11.19%. This indicates that TYRES.HE experiences smaller price fluctuations and is considered to be less risky than NKT.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYRES.HE | NKT.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 11.19% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 23.52% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.77% | 37.30% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.02% | 36.22% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 40.14% | -3.78% |
Dividends
TYRES.HE vs. NKT.CO - Dividend Comparison
TYRES.HE's dividend yield for the trailing twelve months is around 2.21%, while NKT.CO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKT.CO NKT A/S | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.96% | 0.80% | 1.12% |
TYRES.HE Nokian Renkaat Oyj | 2.21% | 2.64% | 7.49% | 6.66% | 5.74% | 3.60% | 3.96% | 6.16% | 5.82% | 4.05% | 4.23% | 4.38% |
Financials
TYRES.HE vs. NKT.CO - Financials Comparison
This section allows you to compare key financial metrics between Nokian Renkaat Oyj and NKT A/S. 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
TYRES.HE and NKT.CO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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