Broedrene (Denmark) Market Value
| AOJ-B Stock | 81.20 3.80 4.91% |
| Symbol | Broedrene |
Broedrene '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 Broedrene'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 Broedrene.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Broedrene on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Broedrene AO Johansen or generate 0.0% return on investment in Broedrene over 720 days. Broedrene is related to or competes with North Media, Solar AS, Per Aarsleff, HusCompagniet, and Dampskibsselskabet. More
Broedrene 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 Broedrene'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 Broedrene AO Johansen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 2.01 |
Broedrene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broedrene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broedrene's standard deviation. In reality, there are many statistical measures that can use Broedrene historical prices to predict the future Broedrene's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.55) |
Broedrene AO Johansen Backtested Returns
Broedrene AO Johansen secures Sharpe Ratio (or Efficiency) of -0.0273, which signifies that the company had a -0.0273% return per unit of risk over the last 3 months. Broedrene AO Johansen exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Broedrene's Risk Adjusted Performance of (0.04), standard deviation of 1.47, and Mean Deviation of 1.18 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Broedrene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Broedrene is expected to be smaller as well. At this point, Broedrene AO Johansen has a negative expected return of -0.0433%. Please make sure to confirm Broedrene's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Broedrene AO Johansen performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Broedrene AO Johansen has modest reverse predictability. Overlapping area represents the amount of predictability between Broedrene time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Broedrene AO Johansen price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Broedrene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 40.07 |
Broedrene AO Johansen lagged returns against current returns
Autocorrelation, which is Broedrene 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 Broedrene's stock expected returns. We can calculate the autocorrelation of Broedrene returns to help us make a trade decision. For example, suppose you find that Broedrene 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 |
Broedrene 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 Broedrene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broedrene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broedrene stock over time.
Current vs Lagged Prices |
| Timeline |
Broedrene Lagged Returns
When evaluating Broedrene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broedrene stock have on its future price. Broedrene 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, Broedrene autocorrelation shows the relationship between Broedrene stock current value and its past values and can show if there is a momentum factor associated with investing in Broedrene AO Johansen.
Regressed Prices |
| Timeline |
Pair Trading with Broedrene
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 Broedrene 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 Broedrene will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Broedrene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broedrene 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 Broedrene - 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 Broedrene AO Johansen to buy it.
The correlation of Broedrene 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 Broedrene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broedrene AO Johansen 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 Broedrene 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 Broedrene Stock
Broedrene financial ratios help investors to determine whether Broedrene 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 Broedrene with respect to the benefits of owning Broedrene security.