Danske Invest (Denmark) Market Value
| DKIGLOVO | DKK 87.53 0.20 0.23% |
| Symbol | Danske |
Please note, there is a significant difference between Danske Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danske Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danske Invest'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.
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Danske Invest on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Danske Invest or generate 0.0% return on investment in Danske Invest over 30 days. Danske Invest is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1407 | |||
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 0.7135 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2529 |
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 | 0.0952 | |||
| Jensen Alpha | 0.0083 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | 0.2411 |
Danske Invest Backtested Returns
At this stage we consider Danske Stock to be very steady. Danske Invest secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Danske Invest , which you can use to evaluate the volatility of the firm. Please confirm Danske Invest's Coefficient Of Variation of 555.67, mean deviation of 0.1168, and Standard Deviation of 0.1461 to check if the risk estimate we provide is consistent with the expected return of 0.0265%. Danske Invest has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0676, 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. Danske Invest right now shows a risk of 0.15%. Please confirm Danske Invest downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Danske Invest will be following its price patterns.
Auto-correlation | 0.60 |
Good predictability
Danske Invest has good predictability. Overlapping area represents the amount of predictability between Danske Invest time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Danske Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Danske Invest 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 .
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
| 0.86 | GMAB | Genmab AS | PairCorr |
| 0.81 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.71 | VWS | Vestas Wind Systems | PairCorr |
| 0.71 | ESG | Ennogie Solar Group | PairCorr |
| 0.6 | CONFRZ | Conferize AS | 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 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 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.Additional Tools for Danske Stock Analysis
When running Danske Invest's price analysis, check to measure Danske Invest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danske Invest is operating at the current time. Most of Danske Invest's value examination focuses on studying past and present price action to predict the probability of Danske Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danske Invest's price. Additionally, you may evaluate how the addition of Danske Invest to your portfolios can decrease your overall portfolio volatility.