DKINYM (Denmark) Market Value
| DKINYM Fund | DKK 203.69 0.72 0.35% |
| Symbol | DKINYM |
Please note, there is a significant difference between DKINYM's value and its price as these two are different measures arrived at by different means. Investors typically determine if DKINYM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DKINYM'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.
DKINYM '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 DKINYM'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 DKINYM.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in DKINYM on October 28, 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 DKINYM over 30 days. More
DKINYM 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 DKINYM'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.
| Downside Deviation | 0.8203 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.43 |
DKINYM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DKINYM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DKINYM's standard deviation. In reality, there are many statistical measures that can use DKINYM historical prices to predict the future DKINYM's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 0.0603 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3262 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DKINYM'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.
Investeringsforeningen Backtested Returns
At this point, DKINYM is very steady. Investeringsforeningen secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Investeringsforeningen Danske Invest, which you can use to evaluate the volatility of the entity. Please confirm DKINYM's Mean Deviation of 0.6277, coefficient of variation of 785.98, and Semi Deviation of 0.6916 to check if the risk estimate we provide is consistent with the expected return of 0.0994%. The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, DKINYM's returns are expected to increase less than the market. However, during the bear market, the loss of holding DKINYM is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Investeringsforeningen Danske Invest has good predictability. Overlapping area represents the amount of predictability between DKINYM time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Investeringsforeningen price movement. The serial correlation of 0.77 indicates that around 77.0% of current DKINYM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is DKINYM 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 DKINYM's fund expected returns. We can calculate the autocorrelation of DKINYM returns to help us make a trade decision. For example, suppose you find that DKINYM 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 |
DKINYM 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 DKINYM fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DKINYM fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DKINYM fund over time.
Current vs Lagged Prices |
| Timeline |
DKINYM Lagged Returns
When evaluating DKINYM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DKINYM fund have on its future price. DKINYM 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, DKINYM autocorrelation shows the relationship between DKINYM 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 DKINYM
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 DKINYM 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 DKINYM will appreciate offsetting losses from the drop in the long position's value.Moving together with DKINYM Fund
| 0.71 | JYIKOB | Jyske Invest Korte | PairCorr |
| 0.71 | JYIVIRK | Jyske Invest Virksom | PairCorr |
| 0.77 | JYIHRV | Jyske Invest Hjt | PairCorr |
The ability to find closely correlated positions to DKINYM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DKINYM 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 DKINYM - 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 DKINYM 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 DKINYM 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 DKINYM 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 DKINYM Fund
DKINYM financial ratios help investors to determine whether DKINYM 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 DKINYM with respect to the benefits of owning DKINYM security.
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