Danske Invest Stock Return On Asset
| DKIGLOVO | DKK 87.33 0.13 0.15% |
Danske Invest fundamentals help investors to digest information that contributes to Danske Invest's financial success or failures. It also enables traders to predict the movement of Danske Stock. The fundamental analysis module provides a way to measure Danske Invest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Danske Invest stock.
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Danske Invest Company Return On Asset Analysis
Danske Invest's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Based on the latest financial disclosure, Danske Invest has a Return On Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Return On Asset (which currently averages 0.0) industry. This indicator is about the same for all Denmark stocks average (which is currently at 0.0).
Danske Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Danske Invest's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Danske Invest could also be used in its relative valuation, which is a method of valuing Danske Invest by comparing valuation metrics of similar companies.Danske Invest is currently under evaluation in return on asset category among its peers.
About Danske Invest Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Danske Invest 's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Danske Invest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Danske Invest based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Danske Invest
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 Invest 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 Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with Danske Stock
Moving against Danske Stock
| 0.86 | GMAB | Genmab AS | PairCorr |
| 0.82 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.69 | VWS | Vestas Wind Systems | PairCorr |
| 0.68 | ESG | Ennogie Solar Group | PairCorr |
| 0.58 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to Danske Invest 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 Invest 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 Invest - 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 Invest to buy it.
The correlation of Danske Invest 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 Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Invest 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 Invest 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.Additional Tools for Danske Stock Analysis
When running Danske Invest's price analysis, check to measure Danske Invest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danske Invest is operating at the current time. Most of Danske Invest's value examination focuses on studying past and present price action to predict the probability of Danske Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danske Invest's price. Additionally, you may evaluate how the addition of Danske Invest to your portfolios can decrease your overall portfolio volatility.