Formuepleje Mix (Denmark) Market Value
| FPIMME Stock | 298.10 4.00 1.36% |
| Symbol | Formuepleje |
Formuepleje Mix '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 Mix'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 Mix.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Formuepleje Mix on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Formuepleje Mix Medium or generate 0.0% return on investment in Formuepleje Mix over 330 days.
Formuepleje Mix 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 Mix'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 Mix Medium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5331 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.9891 |
Formuepleje Mix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formuepleje Mix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formuepleje Mix's standard deviation. In reality, there are many statistical measures that can use Formuepleje Mix historical prices to predict the future Formuepleje Mix's volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.0904 | |||
| Total Risk Alpha | 0.0031 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 3.48 |
Formuepleje Mix Medium Backtested Returns
At this point, Formuepleje Mix is very steady. Formuepleje Mix Medium secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Formuepleje Mix Medium, which you can use to evaluate the volatility of the firm. Please confirm Formuepleje Mix's Coefficient Of Variation of 554.5, mean deviation of 0.413, and Downside Deviation of 0.5331 to check if the risk estimate we provide is consistent with the expected return of 0.0726%. Formuepleje Mix has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0269, which means not very significant fluctuations relative to the market. As returns on the market increase, Formuepleje Mix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formuepleje Mix is expected to be smaller as well. Formuepleje Mix Medium right now shows a risk of 0.59%. Please confirm Formuepleje Mix Medium value at risk, as well as the relationship between the skewness and day typical price , to decide if Formuepleje Mix Medium will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
Formuepleje Mix Medium has good predictability. Overlapping area represents the amount of predictability between Formuepleje Mix time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Formuepleje Mix Medium price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Formuepleje Mix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 27.48 |
Formuepleje Mix Medium lagged returns against current returns
Autocorrelation, which is Formuepleje Mix 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 Mix's stock expected returns. We can calculate the autocorrelation of Formuepleje Mix returns to help us make a trade decision. For example, suppose you find that Formuepleje Mix 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 Mix 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 Mix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formuepleje Mix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formuepleje Mix stock over time.
Current vs Lagged Prices |
| Timeline |
Formuepleje Mix Lagged Returns
When evaluating Formuepleje Mix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formuepleje Mix stock have on its future price. Formuepleje Mix 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 Mix autocorrelation shows the relationship between Formuepleje Mix stock current value and its past values and can show if there is a momentum factor associated with investing in Formuepleje Mix Medium.
Regressed Prices |
| Timeline |
Pair Trading with Formuepleje Mix
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 Mix 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 Mix will appreciate offsetting losses from the drop in the long position's value.Moving together with Formuepleje Stock
Moving against Formuepleje Stock
| 0.86 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.85 | GMAB | Genmab AS | PairCorr |
| 0.79 | VWS | Vestas Wind Systems | PairCorr |
| 0.45 | COLO-B | Coloplast AS | PairCorr |
| 0.42 | CARL-B | Carlsberg AS | PairCorr |
The ability to find closely correlated positions to Formuepleje Mix 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 Mix 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 Mix - 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 Mix Medium to buy it.
The correlation of Formuepleje Mix 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 Mix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formuepleje Mix Medium 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 Mix 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.