DFDS AS (Denmark) Market Value
| DFDS Stock | DKK 141.30 0.80 0.57% |
| Symbol | DFDS |
DFDS 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 DFDS 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 DFDS AS.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in DFDS AS on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding DFDS AS or generate 0.0% return on investment in DFDS AS over 90 days. DFDS AS is related to or competes with North Media, HH International, Per Aarsleff, First Farms, and RTX AS. DFDS AS provides logistics solutions in Denmark and internationally More
DFDS 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 DFDS 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 DFDS AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.83 |
DFDS AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DFDS AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DFDS AS's standard deviation. In reality, there are many statistical measures that can use DFDS AS historical prices to predict the future DFDS AS's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (3.31) |
DFDS AS Backtested Returns
DFDS AS secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. DFDS AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DFDS AS's Mean Deviation of 1.27, variance of 3.62, and Standard Deviation of 1.9 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, DFDS AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding DFDS AS is expected to be smaller as well. At this point, DFDS AS has a negative expected return of -0.4%. Please make sure to confirm DFDS AS's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if DFDS AS performance from the past will be repeated at some future date.
Auto-correlation | 0.77 |
Good predictability
DFDS AS has good predictability. Overlapping area represents the amount of predictability between DFDS AS time series from 25th of August 2024 to 9th of October 2024 and 9th of October 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 DFDS AS price movement. The serial correlation of 0.77 indicates that around 77.0% of current DFDS AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 111.49 |
DFDS AS lagged returns against current returns
Autocorrelation, which is DFDS 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 DFDS AS's stock expected returns. We can calculate the autocorrelation of DFDS AS returns to help us make a trade decision. For example, suppose you find that DFDS 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 |
DFDS 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 DFDS AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DFDS AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DFDS AS stock over time.
Current vs Lagged Prices |
| Timeline |
DFDS AS Lagged Returns
When evaluating DFDS AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DFDS AS stock have on its future price. DFDS 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, DFDS AS autocorrelation shows the relationship between DFDS AS stock current value and its past values and can show if there is a momentum factor associated with investing in DFDS AS.
Regressed Prices |
| Timeline |
Pair Trading with DFDS 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 DFDS 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 DFDS AS will appreciate offsetting losses from the drop in the long position's value.Moving together with DFDS Stock
Moving against DFDS Stock
The ability to find closely correlated positions to DFDS 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 DFDS 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 DFDS 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 DFDS AS to buy it.
The correlation of DFDS 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 DFDS AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DFDS 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 DFDS 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 DFDS Stock
DFDS AS financial ratios help investors to determine whether DFDS 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 DFDS with respect to the benefits of owning DFDS AS security.