Dantax (Denmark) Market Value
| DANT Stock | DKK 406.00 4.00 1.00% |
| Symbol | Dantax |
Dantax '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 Dantax'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 Dantax.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dantax on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dantax or generate 0.0% return on investment in Dantax over 30 days. Dantax is related to or competes with Groenlandsbanken, LUXOR-B, RIAS AS, Lollands Bank, and Brd Klee. Dantax AS designs, develops, produces, and sells audio products under the Scansonic, Raidho, and Harmony brands More
Dantax 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 Dantax'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 Dantax upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.53 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 34.09 | |||
| Value At Risk | (7.26) | |||
| Potential Upside | 6.52 |
Dantax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dantax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dantax's standard deviation. In reality, there are many statistical measures that can use Dantax historical prices to predict the future Dantax's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0939 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0061 | |||
| Treynor Ratio | 0.2909 |
Dantax Backtested Returns
As of now, Dantax Stock is very steady. Dantax secures Sharpe Ratio (or Efficiency) of 0.0317, which denotes the company had a 0.0317% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dantax, which you can use to evaluate the volatility of the firm. Please confirm Dantax's Mean Deviation of 2.74, downside deviation of 6.53, and Coefficient Of Variation of 2598.5 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Dantax has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dantax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dantax is expected to be smaller as well. Dantax right now shows a risk of 4.6%. Please confirm Dantax total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Dantax will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Dantax has poor reverse predictability. Overlapping area represents the amount of predictability between Dantax 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 Dantax price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Dantax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 18.33 |
Dantax lagged returns against current returns
Autocorrelation, which is Dantax 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 Dantax's stock expected returns. We can calculate the autocorrelation of Dantax returns to help us make a trade decision. For example, suppose you find that Dantax 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 |
Dantax 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 Dantax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dantax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dantax stock over time.
Current vs Lagged Prices |
| Timeline |
Dantax Lagged Returns
When evaluating Dantax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dantax stock have on its future price. Dantax 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, Dantax autocorrelation shows the relationship between Dantax stock current value and its past values and can show if there is a momentum factor associated with investing in Dantax.
Regressed Prices |
| Timeline |
Pair Trading with Dantax
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 Dantax 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 Dantax will appreciate offsetting losses from the drop in the long position's value.Moving against Dantax Stock
The ability to find closely correlated positions to Dantax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dantax 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 Dantax - 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 Dantax to buy it.
The correlation of Dantax 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 Dantax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dantax 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 Dantax 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 Dantax Stock
Dantax financial ratios help investors to determine whether Dantax 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 Dantax with respect to the benefits of owning Dantax security.