Danske Invest (Denmark) Market Value
| DKIEU Stock | DKK 131.45 0.05 0.04% |
| 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.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Danske Invest on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Danske Invest Europa or generate 0.0% return on investment in Danske Invest over 30 days. Danske Invest is related to or competes with Skjern Bank, Fynske Bank, Nordea Bank, Ringkjoebing Landbobank, North Media, Scandinavian Tobacco, and Prime Office. Danske Invest Europa is an equity mutual fund launched and managed by Danske Invest 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 Europa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.26 |
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 | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danske Invest's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Danske Invest Europa Backtested Returns
Danske Invest Europa secures Sharpe Ratio (or Efficiency) of -0.0346, which denotes the company had a -0.0346% return per unit of risk over the last 3 months. Danske Invest Europa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danske Invest's Standard Deviation of 0.7336, mean deviation of 0.5934, and Variance of 0.5381 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.078, 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 Europa has a negative expected return of -0.0252%. Please make sure to confirm Danske Invest's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Danske Invest Europa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Danske Invest Europa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Danske Invest time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Danske Invest Europa price movement. The serial correlation of -0.16 indicates that over 16.0% of current Danske Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Danske Invest Europa 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 Europa.
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 against Danske Stock
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 Europa 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 Europa 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.