Danske Andelskassers (Denmark) Market Value
| DAB Stock | DKK 12.75 0.05 0.39% |
| Symbol | Danske |
Danske Andelskassers '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 Danske Andelskassers' 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 Danske Andelskassers.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Danske Andelskassers on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Danske Andelskassers Bank or generate 0.0% return on investment in Danske Andelskassers over 270 days. Danske Andelskassers is related to or competes with Spar Nord, Sydbank AS, Jyske Bank, Dampskibsselskabet, and Matas AS. Danske Andelskassers Bank AS provides various banking products and services to private, small and medium-sized business,... More
Danske Andelskassers 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 Danske Andelskassers' 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 Danske Andelskassers Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.97 |
Danske Andelskassers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danske Andelskassers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danske Andelskassers' standard deviation. In reality, there are many statistical measures that can use Danske Andelskassers historical prices to predict the future Danske Andelskassers' volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.0933 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (2.80) |
Danske Andelskassers Bank Backtested Returns
As of now, Danske Stock is not too volatile. Danske Andelskassers Bank secures Sharpe Ratio (or Efficiency) of 0.0851, which denotes the company had a 0.0851% return per unit of risk over the last 3 months. We have found thirty technical indicators for Danske Andelskassers Bank, which you can use to evaluate the volatility of the firm. Please confirm Danske Andelskassers' Coefficient Of Variation of 1252.0, mean deviation of 0.8825, and Downside Deviation of 1.15 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Danske Andelskassers has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0319, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Danske Andelskassers are expected to decrease at a much lower rate. During the bear market, Danske Andelskassers is likely to outperform the market. Danske Andelskassers Bank right now shows a risk of 1.24%. Please confirm Danske Andelskassers Bank total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Danske Andelskassers Bank will be following its price patterns.
Auto-correlation | 0.52 |
Modest predictability
Danske Andelskassers Bank has modest predictability. Overlapping area represents the amount of predictability between Danske Andelskassers time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Danske Andelskassers Bank price movement. The serial correlation of 0.52 indicates that about 52.0% of current Danske Andelskassers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Danske Andelskassers Bank lagged returns against current returns
Autocorrelation, which is Danske Andelskassers 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 Danske Andelskassers' stock expected returns. We can calculate the autocorrelation of Danske Andelskassers returns to help us make a trade decision. For example, suppose you find that Danske Andelskassers 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 |
Danske Andelskassers 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 Danske Andelskassers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danske Andelskassers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danske Andelskassers stock over time.
Current vs Lagged Prices |
| Timeline |
Danske Andelskassers Lagged Returns
When evaluating Danske Andelskassers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danske Andelskassers stock have on its future price. Danske Andelskassers 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, Danske Andelskassers autocorrelation shows the relationship between Danske Andelskassers stock current value and its past values and can show if there is a momentum factor associated with investing in Danske Andelskassers Bank.
Regressed Prices |
| Timeline |
Pair Trading with Danske Andelskassers
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 Danske Andelskassers 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 Danske Andelskassers will appreciate offsetting losses from the drop in the long position's value.Moving against Danske Stock
| 0.82 | SKJE | Skjern Bank AS | PairCorr |
| 0.74 | TRMD-A | TORM plc | PairCorr |
| 0.7 | VJBA | Vestjysk Bank AS | PairCorr |
| 0.57 | JYSK | Jyske Bank AS | PairCorr |
| 0.52 | NORTHM | North Media AS | PairCorr |
The ability to find closely correlated positions to Danske Andelskassers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danske Andelskassers 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 Danske Andelskassers - 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 Danske Andelskassers Bank to buy it.
The correlation of Danske Andelskassers 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 Danske Andelskassers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Andelskassers Bank 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 Danske Andelskassers 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 Danske Stock
Danske Andelskassers financial ratios help investors to determine whether Danske 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 Danske with respect to the benefits of owning Danske Andelskassers security.