Fynske Bank (Denmark) Market Value
| FYNBK Stock | DKK 141.00 1.00 0.71% |
| Symbol | Fynske |
Fynske 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 Fynske Bank'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 Fynske Bank.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Fynske Bank on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Fynske Bank AS or generate 0.0% return on investment in Fynske Bank over 360 days. Fynske Bank is related to or competes with Sydbank AS, Jyske Bank, Alm Brand, and Nordea Bank. Fynske Bank AS provides various banking products and services in Denmark More
Fynske 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 Fynske Bank'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 Fynske Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.05 |
Fynske Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fynske Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fynske Bank's standard deviation. In reality, there are many statistical measures that can use Fynske Bank historical prices to predict the future Fynske Bank's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.36) |
Fynske Bank AS Backtested Returns
Fynske Bank AS secures Sharpe Ratio (or Efficiency) of -0.081, which denotes the company had a -0.081% return per unit of risk over the last 3 months. Fynske Bank AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fynske Bank's Mean Deviation of 0.9985, standard deviation of 1.31, and Variance of 1.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fynske Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fynske Bank is expected to be smaller as well. At this point, Fynske Bank AS has a negative expected return of -0.11%. Please make sure to confirm Fynske Bank's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Fynske Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Fynske Bank AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fynske Bank time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Fynske Bank AS price movement. The serial correlation of -0.73 indicates that around 73.0% of current Fynske Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 21.52 |
Fynske Bank AS lagged returns against current returns
Autocorrelation, which is Fynske Bank 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 Fynske Bank's stock expected returns. We can calculate the autocorrelation of Fynske Bank returns to help us make a trade decision. For example, suppose you find that Fynske Bank 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 |
Fynske 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 Fynske Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fynske Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fynske Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Fynske Bank Lagged Returns
When evaluating Fynske Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fynske Bank stock have on its future price. Fynske 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, Fynske Bank autocorrelation shows the relationship between Fynske Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Fynske Bank AS.
Regressed Prices |
| Timeline |
Pair Trading with Fynske Bank
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 Fynske Bank 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 Fynske Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Fynske Stock
| 0.88 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.85 | VJBA | Vestjysk Bank AS | PairCorr |
| 0.81 | VWS | Vestas Wind Systems | PairCorr |
Moving against Fynske Stock
The ability to find closely correlated positions to Fynske Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fynske Bank 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 Fynske Bank - 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 Fynske Bank AS to buy it.
The correlation of Fynske Bank 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 Fynske Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fynske Bank AS 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 Fynske Bank 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 Fynske Stock
Fynske Bank financial ratios help investors to determine whether Fynske 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 Fynske with respect to the benefits of owning Fynske Bank security.