Danske Invest (Denmark) Market Value
| DKIDK Stock | DKK 142.10 0.21 0.15% |
| Symbol | Danske |
Danske Invest '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 Invest'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 Danske Invest.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Danske Invest on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Danske Invest Danmark or generate 0.0% return on investment in Danske Invest over 30 days. Danske Invest is related to or competes with Lollands Bank, Skjern Bank, Scandinavian Tobacco, Fynske Bank, Alefarm Brewing, and Danske Andelskassers. Investeringsforeningen Danske Invest - Danmark KL is an open-ended equity mutual fund launched by Danske Invest Manageme... More
Danske Invest 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 Invest'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 Danske Invest Danmark upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.23 |
Danske Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danske Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danske Invest's standard deviation. In reality, there are many statistical measures that can use Danske Invest historical prices to predict the future Danske Invest's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.36) |
Danske Invest Danmark Backtested Returns
Danske Invest Danmark secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Danske Invest Danmark exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danske Invest's Variance of 0.5688, standard deviation of 0.7542, and Mean Deviation of 0.5788 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0677, which means not very significant fluctuations relative to the market. As returns on the market increase, Danske Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danske Invest is expected to be smaller as well. At this point, Danske Invest Danmark has a negative expected return of -0.0822%. Please make sure to confirm Danske Invest's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Danske Invest Danmark performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Danske Invest Danmark has good reverse predictability. Overlapping area represents the amount of predictability between Danske Invest 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 Danske Invest Danmark price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Danske Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Danske Invest Danmark lagged returns against current returns
Autocorrelation, which is Danske Invest 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 Invest's stock expected returns. We can calculate the autocorrelation of Danske Invest returns to help us make a trade decision. For example, suppose you find that Danske Invest 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 Invest 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 Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danske Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danske Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Danske Invest Lagged Returns
When evaluating Danske Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danske Invest stock have on its future price. Danske Invest 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 Invest autocorrelation shows the relationship between Danske Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Danske Invest Danmark.
Regressed Prices |
| Timeline |
Pair Trading with Danske Invest
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 Invest 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 Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with Danske Stock
Moving against Danske Stock
| 0.67 | MAERSK-B | AP Mller | PairCorr |
| 0.67 | MAERSK-A | AP Mller | PairCorr |
| 0.58 | MAJDKO | Maj Invest | PairCorr |
| 0.58 | MAJPEN | Maj Invest Pension | PairCorr |
| 0.56 | DKIGLOVO | Danske Invest | PairCorr |
The ability to find closely correlated positions to Danske Invest 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 Invest 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 Invest - 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 Invest Danmark to buy it.
The correlation of Danske Invest 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 Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Invest Danmark 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 Invest 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 Invest 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 Invest security.