DKIDKA (Denmark) Market Value
| DKIDKA Fund | DKK 1,201 6.06 0.50% |
| Symbol | DKIDKA |
Please note, there is a significant difference between DKIDKA's value and its price as these two are different measures arrived at by different means. Investors typically determine if DKIDKA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DKIDKA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
DKIDKA '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 DKIDKA's fund 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 DKIDKA.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in DKIDKA on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Investeringsforeningen Danske Invest or generate 0.0% return on investment in DKIDKA over 30 days. More
DKIDKA 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 DKIDKA's fund 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 Investeringsforeningen Danske Invest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.23 |
DKIDKA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DKIDKA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DKIDKA's standard deviation. In reality, there are many statistical measures that can use DKIDKA historical prices to predict the future DKIDKA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.55) |
Investeringsforeningen Backtested Returns
Investeringsforeningen secures Sharpe Ratio (or Efficiency) of -0.0649, which denotes the fund had a -0.0649% return per unit of risk over the last 3 months. Investeringsforeningen Danske Invest exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DKIDKA's Coefficient Of Variation of (1,565), variance of 0.662, and Mean Deviation of 0.5772 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, DKIDKA's returns are expected to increase less than the market. However, during the bear market, the loss of holding DKIDKA is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
Investeringsforeningen Danske Invest has poor reverse predictability. Overlapping area represents the amount of predictability between DKIDKA time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Investeringsforeningen price movement. The serial correlation of -0.4 indicates that just about 40.0% of current DKIDKA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 45.16 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is DKIDKA fund'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 DKIDKA's fund expected returns. We can calculate the autocorrelation of DKIDKA returns to help us make a trade decision. For example, suppose you find that DKIDKA has exhibited high autocorrelation historically, and you observe that the fund 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 |
DKIDKA 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 DKIDKA fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DKIDKA fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DKIDKA fund over time.
Current vs Lagged Prices |
| Timeline |
DKIDKA Lagged Returns
When evaluating DKIDKA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DKIDKA fund have on its future price. DKIDKA 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, DKIDKA autocorrelation shows the relationship between DKIDKA fund current value and its past values and can show if there is a momentum factor associated with investing in Investeringsforeningen Danske Invest.
Regressed Prices |
| Timeline |
Pair Trading with DKIDKA
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 DKIDKA 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 DKIDKA will appreciate offsetting losses from the drop in the long position's value.Moving against DKIDKA Fund
| 0.84 | JYIKOB | Jyske Invest Korte | PairCorr |
| 0.68 | MAJVAA | Maj Invest Value | PairCorr |
| 0.64 | JYILOB | Jyske Invest Lange | PairCorr |
| 0.55 | JYIHRV | Jyske Invest Hjt | PairCorr |
| 0.51 | JYIVIRK | Jyske Invest Virksom | PairCorr |
The ability to find closely correlated positions to DKIDKA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DKIDKA 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 DKIDKA - 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 Investeringsforeningen Danske Invest to buy it.
The correlation of DKIDKA 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 DKIDKA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investeringsforeningen 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 DKIDKA 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 DKIDKA Fund
DKIDKA financial ratios help investors to determine whether DKIDKA Fund 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 DKIDKA with respect to the benefits of owning DKIDKA security.
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