DNB Global (Ireland) Market Value
| 0P0000PS3V | 761.30 0.00 0.00% |
| Symbol | DNB |
DNB Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to DNB Global's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of DNB Global.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in DNB Global on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding DNB Global Indeks or generate 0.0% return on investment in DNB Global over 30 days.
DNB Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure DNB Global's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess DNB Global Indeks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.622 | |||
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.6 |
DNB Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DNB Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DNB Global's standard deviation. In reality, there are many statistical measures that can use DNB Global historical prices to predict the future DNB Global's volatility.| Risk Adjusted Performance | 0.1457 | |||
| Jensen Alpha | 0.1378 | |||
| Total Risk Alpha | 0.0227 | |||
| Sortino Ratio | 0.0473 | |||
| Treynor Ratio | 2.8 |
DNB Global Indeks Backtested Returns
Currently, DNB Global Indeks is very steady. DNB Global Indeks retains Efficiency (Sharpe Ratio) of 0.21, which denotes the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for DNB Global, which you can use to evaluate the volatility of the entity. Please confirm DNB Global's Market Risk Adjusted Performance of 2.81, downside deviation of 0.622, and Coefficient Of Variation of 526.46 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund owns a Beta (Systematic Risk) of 0.0514, which means not very significant fluctuations relative to the market. As returns on the market increase, DNB Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding DNB Global is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
DNB Global Indeks has very good predictability. Overlapping area represents the amount of predictability between DNB Global time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DNB Global Indeks price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current DNB Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 56.11 |
DNB Global Indeks lagged returns against current returns
Autocorrelation, which is DNB Global fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting DNB Global's fund expected returns. We can calculate the autocorrelation of DNB Global returns to help us make a trade decision. For example, suppose you find that DNB Global has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
DNB Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If DNB Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DNB Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DNB Global fund over time.
Current vs Lagged Prices |
| Timeline |
DNB Global Lagged Returns
When evaluating DNB Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DNB Global fund have on its future price. DNB Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, DNB Global autocorrelation shows the relationship between DNB Global fund current value and its past values and can show if there is a momentum factor associated with investing in DNB Global Indeks.
Regressed Prices |
| Timeline |
Pair Trading with DNB Global
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 DNB Global 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 DNB Global will appreciate offsetting losses from the drop in the long position's value.Moving together with DNB Fund
| 0.95 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
| 0.95 | IE0032578035 | Franklin Floating Rate | PairCorr |
| 0.95 | IE00B000C709 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to DNB Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DNB Global 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 DNB Global - 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 DNB Global Indeks to buy it.
The correlation of DNB Global 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 DNB Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DNB Global Indeks 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 DNB Global 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.| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
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