Danske Andelskassers Stock Forecast - 8 Period Moving Average
| DAB Stock | DKK 12.75 0.05 0.39% |
The 8 Period Moving Average forecasted value of Danske Andelskassers Bank on the next trading day is expected to be 12.81 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 7.52. Danske Stock Forecast is based on your current time horizon.
Danske |
Danske Andelskassers 8 Period Moving Average Price Forecast For the 24th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of Danske Andelskassers Bank on the next trading day is expected to be 12.81 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.06, and the sum of the absolute errors of 7.52.Please note that although there have been many attempts to predict Danske Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Danske Andelskassers' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Danske Andelskassers Stock Forecast Pattern
| Backtest Danske Andelskassers | Danske Andelskassers Price Prediction | Buy or Sell Advice |
Danske Andelskassers Forecasted Value
In the context of forecasting Danske Andelskassers' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Danske Andelskassers' downside and upside margins for the forecasting period are 11.57 and 14.06, respectively. We have considered Danske Andelskassers' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Danske Andelskassers stock data series using in forecasting. Note that when a statistical model is used to represent Danske Andelskassers stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 100.5318 |
| Bias | Arithmetic mean of the errors | -0.0577 |
| MAD | Mean absolute deviation | 0.1419 |
| MAPE | Mean absolute percentage error | 0.0111 |
| SAE | Sum of the absolute errors | 7.5187 |
Predictive Modules for Danske Andelskassers
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Danske Andelskassers Bank. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Danske Andelskassers
For every potential investor in Danske, whether a beginner or expert, Danske Andelskassers' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Danske Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Danske. Basic forecasting techniques help filter out the noise by identifying Danske Andelskassers' price trends.Danske Andelskassers Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Danske Andelskassers stock to make a market-neutral strategy. Peer analysis of Danske Andelskassers could also be used in its relative valuation, which is a method of valuing Danske Andelskassers by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Danske Andelskassers Bank Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Danske Andelskassers' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Danske Andelskassers' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Danske Andelskassers Market Strength Events
Market strength indicators help investors to evaluate how Danske Andelskassers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Danske Andelskassers shares will generate the highest return on investment. By undertsting and applying Danske Andelskassers stock market strength indicators, traders can identify Danske Andelskassers Bank entry and exit signals to maximize returns.
Danske Andelskassers Risk Indicators
The analysis of Danske Andelskassers' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Danske Andelskassers' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting danske stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8825 | |||
| Semi Deviation | 0.8554 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.55 | |||
| Downside Variance | 1.33 | |||
| Semi Variance | 0.7318 | |||
| Expected Short fall | (1.26) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Danske Andelskassers
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danske Andelskassers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danske Andelskassers will appreciate offsetting losses from the drop in the long position's value.Moving against Danske Stock
| 0.82 | SKJE | Skjern Bank AS | PairCorr |
| 0.74 | TRMD-A | TORM plc | PairCorr |
| 0.7 | VJBA | Vestjysk Bank AS | PairCorr |
| 0.57 | JYSK | Jyske Bank AS | PairCorr |
| 0.52 | NORTHM | North Media AS | PairCorr |
The ability to find closely correlated positions to Danske Andelskassers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danske Andelskassers 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 Danske Andelskassers - 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 Danske Andelskassers Bank to buy it.
The correlation of Danske Andelskassers 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danske Andelskassers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Andelskassers Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Danske Andelskassers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Danske Stock
Danske Andelskassers financial ratios help investors to determine whether Danske Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Danske with respect to the benefits of owning Danske Andelskassers security.