Broendbyernes (Denmark) Market Value
| BIF Stock | DKK 0.52 0.01 1.96% |
| Symbol | Broendbyernes |
Broendbyernes '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 Broendbyernes' 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 Broendbyernes.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Broendbyernes on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Broendbyernes IF Fodbold or generate 0.0% return on investment in Broendbyernes over 30 days. Broendbyernes is related to or competes with Matas AS, CBrain AS, Alm Brand, Netcompany Group, and Tryg AS. Brndbyernes IF Fodbold AS operates the Brndbyernes Idrtsforening football club in Denmark More
Broendbyernes 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 Broendbyernes' 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 Broendbyernes IF Fodbold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.7 |
Broendbyernes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broendbyernes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broendbyernes' standard deviation. In reality, there are many statistical measures that can use Broendbyernes historical prices to predict the future Broendbyernes' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.47) |
Broendbyernes IF Fodbold Backtested Returns
Broendbyernes IF Fodbold secures Sharpe Ratio (or Efficiency) of -0.0991, which signifies that the company had a -0.0991% return per unit of risk over the last 3 months. Broendbyernes IF Fodbold exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Broendbyernes' Risk Adjusted Performance of (0.06), mean deviation of 1.73, and Standard Deviation of 2.21 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Broendbyernes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Broendbyernes is expected to be smaller as well. At this point, Broendbyernes IF Fodbold has a negative expected return of -0.22%. Please make sure to confirm Broendbyernes' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Broendbyernes IF Fodbold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Broendbyernes IF Fodbold has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Broendbyernes 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 Broendbyernes IF Fodbold price movement. The serial correlation of -0.76 indicates that around 76.0% of current Broendbyernes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Broendbyernes IF Fodbold lagged returns against current returns
Autocorrelation, which is Broendbyernes 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 Broendbyernes' stock expected returns. We can calculate the autocorrelation of Broendbyernes returns to help us make a trade decision. For example, suppose you find that Broendbyernes 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 |
Broendbyernes 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 Broendbyernes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broendbyernes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broendbyernes stock over time.
Current vs Lagged Prices |
| Timeline |
Broendbyernes Lagged Returns
When evaluating Broendbyernes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broendbyernes stock have on its future price. Broendbyernes 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, Broendbyernes autocorrelation shows the relationship between Broendbyernes stock current value and its past values and can show if there is a momentum factor associated with investing in Broendbyernes IF Fodbold.
Regressed Prices |
| Timeline |
Pair Trading with Broendbyernes
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 Broendbyernes 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 Broendbyernes will appreciate offsetting losses from the drop in the long position's value.Moving together with Broendbyernes Stock
Moving against Broendbyernes Stock
| 0.83 | DSV | DSV Panalpina AS | PairCorr |
| 0.56 | ISS | ISS AS | PairCorr |
| 0.46 | MAERSK-B | AP Mller | PairCorr |
| 0.43 | MAERSK-A | AP Mller | PairCorr |
| 0.4 | NDA-DK | Nordea Bank Abp | PairCorr |
The ability to find closely correlated positions to Broendbyernes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broendbyernes 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 Broendbyernes - 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 Broendbyernes IF Fodbold to buy it.
The correlation of Broendbyernes 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 Broendbyernes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broendbyernes IF Fodbold 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 Broendbyernes 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 Broendbyernes Stock
Broendbyernes financial ratios help investors to determine whether Broendbyernes 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 Broendbyernes with respect to the benefits of owning Broendbyernes security.