Formuepleje Better (Denmark) Market Value
| FPIBWG Stock | DKK 186.10 6.70 3.48% |
| Symbol | Formuepleje |
Please note, there is a significant difference between Formuepleje Better's value and its price as these two are different measures arrived at by different means. Investors typically determine if Formuepleje Better is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formuepleje Better'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.
Formuepleje Better '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 Formuepleje Better'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 Formuepleje Better.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Formuepleje Better on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Formuepleje Better World or generate 0.0% return on investment in Formuepleje Better over 270 days. Formuepleje Better is related to or competes with Jyske Bank, Strategic Investments, Laan Spar, Spar Nord, TROPHY GAMES, and North Media. More
Formuepleje Better 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 Formuepleje Better'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 Formuepleje Better World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7454 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.26 |
Formuepleje Better Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formuepleje Better's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formuepleje Better's standard deviation. In reality, there are many statistical measures that can use Formuepleje Better historical prices to predict the future Formuepleje Better's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.4007 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Formuepleje Better'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.
Formuepleje Better World Backtested Returns
At this point, Formuepleje Better is very steady. Formuepleje Better World secures Sharpe Ratio (or Efficiency) of 0.0429, which denotes the company had a 0.0429% return per unit of risk over the last 3 months. We have found thirty technical indicators for Formuepleje Better World, which you can use to evaluate the volatility of the firm. Please confirm Formuepleje Better's Mean Deviation of 0.5898, downside deviation of 0.7454, and Coefficient Of Variation of 2131.55 to check if the risk estimate we provide is consistent with the expected return of 0.0326%. Formuepleje Better has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0619, which means not very significant fluctuations relative to the market. As returns on the market increase, Formuepleje Better's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formuepleje Better is expected to be smaller as well. Formuepleje Better World right now shows a risk of 0.76%. Please confirm Formuepleje Better World skewness, and the relationship between the value at risk and day median price , to decide if Formuepleje Better World will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Formuepleje Better World has modest predictability. Overlapping area represents the amount of predictability between Formuepleje Better time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Formuepleje Better World price movement. The serial correlation of 0.54 indicates that about 54.0% of current Formuepleje Better price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 19.31 |
Formuepleje Better World lagged returns against current returns
Autocorrelation, which is Formuepleje Better 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 Formuepleje Better's stock expected returns. We can calculate the autocorrelation of Formuepleje Better returns to help us make a trade decision. For example, suppose you find that Formuepleje Better 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 |
Formuepleje Better 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 Formuepleje Better stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formuepleje Better stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formuepleje Better stock over time.
Current vs Lagged Prices |
| Timeline |
Formuepleje Better Lagged Returns
When evaluating Formuepleje Better's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formuepleje Better stock have on its future price. Formuepleje Better 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, Formuepleje Better autocorrelation shows the relationship between Formuepleje Better stock current value and its past values and can show if there is a momentum factor associated with investing in Formuepleje Better World.
Regressed Prices |
| Timeline |
Pair Trading with Formuepleje Better
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 Formuepleje Better 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 Formuepleje Better will appreciate offsetting losses from the drop in the long position's value.Moving together with Formuepleje Stock
Moving against Formuepleje Stock
| 0.73 | GMAB | Genmab AS | PairCorr |
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| 0.55 | VWS | Vestas Wind Systems | PairCorr |
| 0.48 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to Formuepleje Better could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Formuepleje Better 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 Formuepleje Better - 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 Formuepleje Better World to buy it.
The correlation of Formuepleje Better 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 Formuepleje Better moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formuepleje Better World 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 Formuepleje Better 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 Formuepleje Stock
Formuepleje Better financial ratios help investors to determine whether Formuepleje 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 Formuepleje with respect to the benefits of owning Formuepleje Better security.