Conferize (Denmark) Market Value
| CONFRZ Stock | DKK 0.01 0.0005 8.33% |
| Symbol | Conferize |
Conferize '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 Conferize'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 Conferize.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Conferize on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Conferize AS or generate 0.0% return on investment in Conferize over 330 days. Conferize is related to or competes with Penneo AS, Hydract AS, and Dataproces Group. Conferize AS develops an online software solution for event and conference market More
Conferize 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 Conferize'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 Conferize AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 40.79 | |||
| Value At Risk | (15.00) | |||
| Potential Upside | 15.0 |
Conferize Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conferize's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conferize's standard deviation. In reality, there are many statistical measures that can use Conferize historical prices to predict the future Conferize's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.76) | |||
| Treynor Ratio | (0.23) |
Conferize AS Backtested Returns
Conferize AS secures Sharpe Ratio (or Efficiency) of -0.0253, which signifies that the company had a -0.0253% return per unit of risk over the last 3 months. Conferize AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conferize's Risk Adjusted Performance of (0.02), standard deviation of 9.24, and Mean Deviation of 6.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.35, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Conferize will likely underperform. At this point, Conferize AS has a negative expected return of -0.23%. Please make sure to confirm Conferize's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Conferize AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Conferize AS has good predictability. Overlapping area represents the amount of predictability between Conferize time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Conferize AS price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Conferize price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conferize AS lagged returns against current returns
Autocorrelation, which is Conferize 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 Conferize's stock expected returns. We can calculate the autocorrelation of Conferize returns to help us make a trade decision. For example, suppose you find that Conferize 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 |
Conferize 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 Conferize stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conferize stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conferize stock over time.
Current vs Lagged Prices |
| Timeline |
Conferize Lagged Returns
When evaluating Conferize's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conferize stock have on its future price. Conferize 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, Conferize autocorrelation shows the relationship between Conferize stock current value and its past values and can show if there is a momentum factor associated with investing in Conferize AS.
Regressed Prices |
| Timeline |
Pair Trading with Conferize
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 Conferize 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 Conferize will appreciate offsetting losses from the drop in the long position's value.Moving together with Conferize Stock
Moving against Conferize Stock
The ability to find closely correlated positions to Conferize could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conferize 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 Conferize - 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 Conferize AS to buy it.
The correlation of Conferize 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 Conferize moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conferize 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 Conferize 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 Conferize Stock
Conferize financial ratios help investors to determine whether Conferize 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 Conferize with respect to the benefits of owning Conferize security.