Groenlandsbanken (Denmark) Market Value
| GRLA Stock | DKK 690.00 5.00 0.73% |
| Symbol | Groenlandsbanken |
Groenlandsbanken '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 Groenlandsbanken'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 Groenlandsbanken.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Groenlandsbanken on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Groenlandsbanken AS or generate 0.0% return on investment in Groenlandsbanken over 720 days. Groenlandsbanken is related to or competes with Dataproces Group, CBrain AS, ALK Abell, and ChemoMetec. GrnlandsBANKEN AS provides financial services to private customers, business customers, and public institutions in Green... More
Groenlandsbanken 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 Groenlandsbanken'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 Groenlandsbanken AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.52 |
Groenlandsbanken Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Groenlandsbanken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Groenlandsbanken's standard deviation. In reality, there are many statistical measures that can use Groenlandsbanken historical prices to predict the future Groenlandsbanken's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.0625 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (8.94) |
Groenlandsbanken Backtested Returns
As of now, Groenlandsbanken Stock is very steady. Groenlandsbanken holds Efficiency (Sharpe) Ratio of 0.0849, which attests that the entity had a 0.0849% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Groenlandsbanken, which you can use to evaluate the volatility of the firm. Please check out Groenlandsbanken's Risk Adjusted Performance of 0.0604, market risk adjusted performance of (8.93), and Downside Deviation of 1.19 to validate if the risk estimate we provide is consistent with the expected return of 0.0731%. Groenlandsbanken has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0069, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Groenlandsbanken are expected to decrease at a much lower rate. During the bear market, Groenlandsbanken is likely to outperform the market. Groenlandsbanken right now retains a risk of 0.86%. Please check out Groenlandsbanken jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Groenlandsbanken will be following its current trending patterns.
Auto-correlation | 0.42 |
Average predictability
Groenlandsbanken AS has average predictability. Overlapping area represents the amount of predictability between Groenlandsbanken time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Groenlandsbanken price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Groenlandsbanken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 251.97 |
Groenlandsbanken lagged returns against current returns
Autocorrelation, which is Groenlandsbanken 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 Groenlandsbanken's stock expected returns. We can calculate the autocorrelation of Groenlandsbanken returns to help us make a trade decision. For example, suppose you find that Groenlandsbanken 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 |
Groenlandsbanken 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 Groenlandsbanken stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Groenlandsbanken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Groenlandsbanken stock over time.
Current vs Lagged Prices |
| Timeline |
Groenlandsbanken Lagged Returns
When evaluating Groenlandsbanken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Groenlandsbanken stock have on its future price. Groenlandsbanken 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, Groenlandsbanken autocorrelation shows the relationship between Groenlandsbanken stock current value and its past values and can show if there is a momentum factor associated with investing in Groenlandsbanken AS.
Regressed Prices |
| Timeline |
Pair Trading with Groenlandsbanken
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 Groenlandsbanken 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 Groenlandsbanken will appreciate offsetting losses from the drop in the long position's value.Moving against Groenlandsbanken Stock
| 0.66 | ESG | Ennogie Solar Group | PairCorr |
| 0.64 | CONFRZ | Conferize AS | PairCorr |
| 0.6 | MONSO | Monsenso AS | PairCorr |
| 0.32 | DKIJAP | Investeringsforeningen | PairCorr |
The ability to find closely correlated positions to Groenlandsbanken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groenlandsbanken 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 Groenlandsbanken - 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 Groenlandsbanken AS to buy it.
The correlation of Groenlandsbanken 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 Groenlandsbanken moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groenlandsbanken 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 Groenlandsbanken 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 Groenlandsbanken Stock
Groenlandsbanken financial ratios help investors to determine whether Groenlandsbanken 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 Groenlandsbanken with respect to the benefits of owning Groenlandsbanken security.