BAIGAI (Denmark) Market Value
| BAIGAI Fund | DKK 144.93 0.29 0.20% |
| Symbol | BAIGAI |
Please note, there is a significant difference between BAIGAI's value and its price as these two are different measures arrived at by different means. Investors typically determine if BAIGAI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BAIGAI'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.
BAIGAI '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 BAIGAI'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 BAIGAI.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in BAIGAI on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Investeringsforeningen Bankinvest or generate 0.0% return on investment in BAIGAI over 30 days. BAIGAI is related to or competes with DKIEUHUAKLDKK. More
BAIGAI 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 BAIGAI'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 Investeringsforeningen Bankinvest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.667 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.41 |
BAIGAI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BAIGAI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BAIGAI's standard deviation. In reality, there are many statistical measures that can use BAIGAI historical prices to predict the future BAIGAI's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.0904 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4657 |
Investeringsforeningen Backtested Returns
At this point, BAIGAI is very steady. Investeringsforeningen secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Investeringsforeningen Bankinvest , which you can use to evaluate the volatility of the entity. Please confirm BAIGAI's Coefficient Of Variation of 581.13, semi deviation of 0.5276, and Mean Deviation of 0.5737 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BAIGAI's returns are expected to increase less than the market. However, during the bear market, the loss of holding BAIGAI is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Investeringsforeningen Bankinvest has excellent predictability. Overlapping area represents the amount of predictability between BAIGAI time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Investeringsforeningen price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current BAIGAI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is BAIGAI 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 BAIGAI's fund expected returns. We can calculate the autocorrelation of BAIGAI returns to help us make a trade decision. For example, suppose you find that BAIGAI 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 |
BAIGAI 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 BAIGAI fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BAIGAI fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BAIGAI fund over time.
Current vs Lagged Prices |
| Timeline |
BAIGAI Lagged Returns
When evaluating BAIGAI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BAIGAI fund have on its future price. BAIGAI 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, BAIGAI autocorrelation shows the relationship between BAIGAI fund current value and its past values and can show if there is a momentum factor associated with investing in Investeringsforeningen Bankinvest .
Regressed Prices |
| Timeline |
Pair Trading with BAIGAI
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 BAIGAI 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 BAIGAI will appreciate offsetting losses from the drop in the long position's value.Moving together with BAIGAI Fund
| 0.93 | JYIKOB | Jyske Invest Korte | PairCorr |
| 0.77 | JYIVIRK | Jyske Invest Virksom | PairCorr |
| 0.82 | JYIHRV | Jyske Invest Hjt | PairCorr |
The ability to find closely correlated positions to BAIGAI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BAIGAI 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 BAIGAI - 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 Investeringsforeningen Bankinvest to buy it.
The correlation of BAIGAI 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 BAIGAI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investeringsforeningen 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 BAIGAI 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 BAIGAI Fund
BAIGAI financial ratios help investors to determine whether BAIGAI Fund 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 BAIGAI with respect to the benefits of owning BAIGAI security.
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