Danske Bank As Stock Market Value
| DNKEY Stock | USD 13.98 0.35 2.44% |
| Symbol | Danske |
Danske Bank '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 Bank's pink sheet 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 Bank.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Danske Bank on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Danske Bank AS or generate 0.0% return on investment in Danske Bank over 90 days. Danske Bank is related to or competes with Israel Discount, Baraboo Bancorporation, Schweizerische Nationalbank, Jyske Bank, and Absa Group. Danske Bank AS provides various banking products and services to corporate, institutional, and international clients More
Danske Bank 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 Bank's pink sheet 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 Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.08 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 1.99 |
Danske Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danske Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danske Bank's standard deviation. In reality, there are many statistical measures that can use Danske Bank historical prices to predict the future Danske Bank's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (3.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danske Bank'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 Bank AS Backtested Returns
Danske Bank AS 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 Bank AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danske Bank's Standard Deviation of 1.41, mean deviation of 1.12, and Variance of 1.97 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0387, which means not very significant fluctuations relative to the market. As returns on the market increase, Danske Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danske Bank is expected to be smaller as well. At this point, Danske Bank AS has a negative expected return of -0.15%. Please make sure to confirm Danske Bank's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Danske Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Danske Bank AS has very weak predictability. Overlapping area represents the amount of predictability between Danske Bank time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Bank AS price movement. The serial correlation of 0.19 indicates that over 19.0% of current Danske Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Danske Bank AS lagged returns against current returns
Autocorrelation, which is Danske Bank pink sheet'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 Bank's pink sheet expected returns. We can calculate the autocorrelation of Danske Bank returns to help us make a trade decision. For example, suppose you find that Danske Bank has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Bank 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 Bank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danske Bank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danske Bank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Danske Bank Lagged Returns
When evaluating Danske Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danske Bank pink sheet have on its future price. Danske Bank 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 Bank autocorrelation shows the relationship between Danske Bank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Danske Bank AS.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Danske Pink Sheet Analysis
When running Danske Bank's price analysis, check to measure Danske Bank'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 Bank is operating at the current time. Most of Danske Bank's value examination focuses on studying past and present price action to predict the probability of Danske Bank'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 Bank's price. Additionally, you may evaluate how the addition of Danske Bank to your portfolios can decrease your overall portfolio volatility.