Artha Optimum (Denmark) Market Value
| ARAOPT Stock | DKK 6,034 4.00 0.07% |
| Symbol | Artha |
Please note, there is a significant difference between Artha Optimum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Artha Optimum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artha Optimum'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.
Artha Optimum '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 Artha Optimum'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 Artha Optimum.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Artha Optimum on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Artha Optimum AS or generate 0.0% return on investment in Artha Optimum over 30 days. Artha Optimum is related to or competes with Groenlandsbanken, Strategic Investments, Spar Nord, North Media, Fynske Bank, Jyske Bank, and PARKEN Sport. Investeringsselskabet Artha Optimum AS is headquartered in Holte, Capital Region of Denmark, Denmark More
Artha Optimum 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 Artha Optimum'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 Artha Optimum AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2568 | |||
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4417 |
Artha Optimum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artha Optimum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artha Optimum's standard deviation. In reality, there are many statistical measures that can use Artha Optimum historical prices to predict the future Artha Optimum's volatility.| Risk Adjusted Performance | 0.0479 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (1.97) |
Artha Optimum AS Backtested Returns
At this point, Artha Optimum is very steady. Artha Optimum AS secures Sharpe Ratio (or Efficiency) of 0.0836, which signifies that the company had a 0.0836% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Artha Optimum AS, which you can use to evaluate the volatility of the firm. Please confirm Artha Optimum's Risk Adjusted Performance of 0.0479, downside deviation of 0.2568, and Mean Deviation of 0.1925 to double-check if the risk estimate we provide is consistent with the expected return of 0.0212%. Artha Optimum has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0066, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Artha Optimum are expected to decrease at a much lower rate. During the bear market, Artha Optimum is likely to outperform the market. Artha Optimum AS right now shows a risk of 0.25%. Please confirm Artha Optimum AS value at risk, as well as the relationship between the skewness and day typical price , to decide if Artha Optimum AS will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Artha Optimum AS has modest predictability. Overlapping area represents the amount of predictability between Artha Optimum time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Artha Optimum AS price movement. The serial correlation of 0.51 indicates that about 51.0% of current Artha Optimum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 212.12 |
Artha Optimum AS lagged returns against current returns
Autocorrelation, which is Artha Optimum 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 Artha Optimum's stock expected returns. We can calculate the autocorrelation of Artha Optimum returns to help us make a trade decision. For example, suppose you find that Artha Optimum 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 |
Artha Optimum 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 Artha Optimum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artha Optimum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artha Optimum stock over time.
Current vs Lagged Prices |
| Timeline |
Artha Optimum Lagged Returns
When evaluating Artha Optimum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artha Optimum stock have on its future price. Artha Optimum 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, Artha Optimum autocorrelation shows the relationship between Artha Optimum stock current value and its past values and can show if there is a momentum factor associated with investing in Artha Optimum AS.
Regressed Prices |
| Timeline |
Pair Trading with Artha Optimum
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 Artha Optimum 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 Artha Optimum will appreciate offsetting losses from the drop in the long position's value.Moving together with Artha Stock
Moving against Artha Stock
| 0.75 | GMAB | Genmab AS | PairCorr |
| 0.71 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.62 | ESG | Ennogie Solar Group | PairCorr |
| 0.59 | VWS | Vestas Wind Systems | PairCorr |
| 0.54 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to Artha Optimum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artha Optimum 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 Artha Optimum - 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 Artha Optimum AS to buy it.
The correlation of Artha Optimum 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 Artha Optimum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artha Optimum AS 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 Artha Optimum 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 Artha Stock
Artha Optimum financial ratios help investors to determine whether Artha 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 Artha with respect to the benefits of owning Artha Optimum security.