Demant AS (Denmark) Market Value
| DEMANT Stock | DKK 269.80 1.80 0.66% |
| Symbol | Demant |
Demant AS '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 Demant AS'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 Demant AS.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Demant AS on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Demant AS or generate 0.0% return on investment in Demant AS over 570 days. Demant AS is related to or competes with GN Store, Ambu AS, ISS AS, and ROCKWOOL International. Demant AS, a hearing healthcare company, develops, manufactures, and sells products and equipment to enhance peoples hea... More
Demant AS 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 Demant AS'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 Demant AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.74 |
Demant AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Demant AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Demant AS's standard deviation. In reality, there are many statistical measures that can use Demant AS historical prices to predict the future Demant AS's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.11) |
Demant AS Backtested Returns
Demant AS secures Sharpe Ratio (or Efficiency) of -0.0522, which denotes the company had a -0.0522% return per unit of risk over the last 3 months. Demant AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Demant AS's Mean Deviation of 1.27, variance of 2.81, and Standard Deviation of 1.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Demant AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Demant AS is expected to be smaller as well. At this point, Demant AS has a negative expected return of -0.0871%. Please make sure to confirm Demant AS's treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if Demant AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Demant AS has poor reverse predictability. Overlapping area represents the amount of predictability between Demant AS time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Demant AS price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Demant AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1224.48 |
Demant AS lagged returns against current returns
Autocorrelation, which is Demant AS 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 Demant AS's stock expected returns. We can calculate the autocorrelation of Demant AS returns to help us make a trade decision. For example, suppose you find that Demant AS 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 |
Demant AS 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 Demant AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Demant AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Demant AS stock over time.
Current vs Lagged Prices |
| Timeline |
Demant AS Lagged Returns
When evaluating Demant AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Demant AS stock have on its future price. Demant AS 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, Demant AS autocorrelation shows the relationship between Demant AS stock current value and its past values and can show if there is a momentum factor associated with investing in Demant AS.
Regressed Prices |
| Timeline |
Pair Trading with Demant AS
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 Demant AS 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 Demant AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Demant Stock
Moving against Demant Stock
| 0.69 | DSV | DSV Panalpina AS | PairCorr |
| 0.52 | ISS | ISS AS | PairCorr |
| 0.51 | MAERSK-B | AP Mller | PairCorr |
| 0.49 | MAERSK-A | AP Mller | PairCorr |
The ability to find closely correlated positions to Demant AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Demant AS 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 Demant AS - 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 Demant AS to buy it.
The correlation of Demant AS 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 Demant AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Demant 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 Demant AS 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 Demant Stock
Demant AS financial ratios help investors to determine whether Demant 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 Demant with respect to the benefits of owning Demant AS security.