Accunia Invest (Denmark) Market Value
| ACACIGDKK | DKK 988.60 2.50 0.25% |
| Symbol | Accunia |
Please note, there is a significant difference between Accunia Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accunia Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accunia Invest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Accunia Invest '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 Accunia Invest's stock 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 Accunia Invest.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Accunia Invest on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Accunia Invest EUR or generate 0.0% return on investment in Accunia Invest over 540 days. Accunia Invest is related to or competes with Groenlandsbanken, North Media, Danske Andelskassers, Strategic Investments, and Jyske Bank. More
Accunia Invest 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 Accunia Invest's stock 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 Accunia Invest EUR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5268 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.21 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.519 |
Accunia Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accunia Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accunia Invest's standard deviation. In reality, there are many statistical measures that can use Accunia Invest historical prices to predict the future Accunia Invest's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.15) |
Accunia Invest EUR Backtested Returns
Accunia Invest EUR secures Sharpe Ratio (or Efficiency) of -0.0072, which signifies that the company had a -0.0072% return per unit of standard deviation over the last 3 months. Accunia Invest EUR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accunia Invest's mean deviation of 0.2796, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0616, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accunia Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accunia Invest is expected to be smaller as well. At this point, Accunia Invest EUR has a negative expected return of -0.0028%. Please make sure to confirm Accunia Invest's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if Accunia Invest EUR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Accunia Invest EUR has insignificant predictability. Overlapping area represents the amount of predictability between Accunia Invest time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Accunia Invest EUR price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Accunia Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 17.95 |
Accunia Invest EUR lagged returns against current returns
Autocorrelation, which is Accunia Invest stock'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 Accunia Invest's stock expected returns. We can calculate the autocorrelation of Accunia Invest returns to help us make a trade decision. For example, suppose you find that Accunia Invest has exhibited high autocorrelation historically, and you observe that the stock 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 |
Accunia Invest 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 Accunia Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accunia Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accunia Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Accunia Invest Lagged Returns
When evaluating Accunia Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accunia Invest stock have on its future price. Accunia Invest 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, Accunia Invest autocorrelation shows the relationship between Accunia Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Accunia Invest EUR.
Regressed Prices |
| Timeline |
Pair Trading with Accunia 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 Accunia 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 Accunia Invest will appreciate offsetting losses from the drop in the long position's value.Moving against Accunia Stock
The ability to find closely correlated positions to Accunia 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 Accunia 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 Accunia 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 Accunia Invest EUR to buy it.
The correlation of Accunia 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 Accunia Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accunia Invest EUR 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 Accunia 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.Other Information on Investing in Accunia Stock
Accunia Invest financial ratios help investors to determine whether Accunia 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 Accunia with respect to the benefits of owning Accunia Invest security.