BankInv GloAkColum (Denmark) Market Value
| BAIGACTNA | 142.60 0.60 0.42% |
| Symbol | BankInv |
BankInv GloAkColum '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 BankInv GloAkColum'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 BankInv GloAkColum.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in BankInv GloAkColum on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding BankInv GloAkColum Threadndl or generate 0.0% return on investment in BankInv GloAkColum over 30 days.
BankInv GloAkColum 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 BankInv GloAkColum'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 BankInv GloAkColum Threadndl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8252 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.03 |
BankInv GloAkColum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BankInv GloAkColum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BankInv GloAkColum's standard deviation. In reality, there are many statistical measures that can use BankInv GloAkColum historical prices to predict the future BankInv GloAkColum's volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.1322 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.18) |
BankInv GloAkColum Backtested Returns
Currently, BankInv GloAkColum Threadndl is very steady. BankInv GloAkColum secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for BankInv GloAkColum Threadndl, which you can use to evaluate the volatility of the firm. Please confirm BankInv GloAkColum's Risk Adjusted Performance of 0.0893, mean deviation of 0.5422, and Downside Deviation of 0.8252 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. BankInv GloAkColum has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BankInv GloAkColum are expected to decrease at a much lower rate. During the bear market, BankInv GloAkColum is likely to outperform the market. BankInv GloAkColum right now shows a risk of 0.78%. Please confirm BankInv GloAkColum jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if BankInv GloAkColum will be following its price patterns.
Auto-correlation | 0.85 |
Very good predictability
BankInv GloAkColum Threadndl has very good predictability. Overlapping area represents the amount of predictability between BankInv GloAkColum time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 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 BankInv GloAkColum price movement. The serial correlation of 0.85 indicates that around 85.0% of current BankInv GloAkColum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
BankInv GloAkColum lagged returns against current returns
Autocorrelation, which is BankInv GloAkColum 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 BankInv GloAkColum's stock expected returns. We can calculate the autocorrelation of BankInv GloAkColum returns to help us make a trade decision. For example, suppose you find that BankInv GloAkColum 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 |
BankInv GloAkColum 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 BankInv GloAkColum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BankInv GloAkColum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BankInv GloAkColum stock over time.
Current vs Lagged Prices |
| Timeline |
BankInv GloAkColum Lagged Returns
When evaluating BankInv GloAkColum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BankInv GloAkColum stock have on its future price. BankInv GloAkColum 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, BankInv GloAkColum autocorrelation shows the relationship between BankInv GloAkColum stock current value and its past values and can show if there is a momentum factor associated with investing in BankInv GloAkColum Threadndl.
Regressed Prices |
| Timeline |
Pair Trading with BankInv GloAkColum
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 BankInv GloAkColum 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 BankInv GloAkColum will appreciate offsetting losses from the drop in the long position's value.Moving together with BankInv Stock
Moving against BankInv Stock
| 0.87 | VWS | Vestas Wind Systems | PairCorr |
| 0.86 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.83 | GMAB | Genmab AS | PairCorr |
| 0.59 | CARL-B | Carlsberg AS | PairCorr |
| 0.42 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to BankInv GloAkColum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BankInv GloAkColum 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 BankInv GloAkColum - 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 BankInv GloAkColum Threadndl to buy it.
The correlation of BankInv GloAkColum 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 BankInv GloAkColum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BankInv GloAkColum 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 BankInv GloAkColum 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 BankInv Stock Analysis
When running BankInv GloAkColum's price analysis, check to measure BankInv GloAkColum'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 BankInv GloAkColum is operating at the current time. Most of BankInv GloAkColum's value examination focuses on studying past and present price action to predict the probability of BankInv GloAkColum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BankInv GloAkColum's price. Additionally, you may evaluate how the addition of BankInv GloAkColum to your portfolios can decrease your overall portfolio volatility.