Handelsinvest Danske (Denmark) Market Value
| HAIDKOBL | DKK 98.17 0.04 0.04% |
| Symbol | Handelsinvest |
Please note, there is a significant difference between Handelsinvest Danske's value and its price as these two are different measures arrived at by different means. Investors typically determine if Handelsinvest Danske is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Handelsinvest Danske'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.
Handelsinvest Danske '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 Handelsinvest Danske'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 Handelsinvest Danske.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Handelsinvest Danske on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Handelsinvest Danske Obligationer or generate 0.0% return on investment in Handelsinvest Danske over 720 days. Handelsinvest Danske is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Handelsinvest Danske 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 Handelsinvest Danske'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 Handelsinvest Danske Obligationer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0987 | |||
| Information Ratio | (1.03) | |||
| Maximum Drawdown | 0.4719 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.1855 |
Handelsinvest Danske Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Handelsinvest Danske's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Handelsinvest Danske's standard deviation. In reality, there are many statistical measures that can use Handelsinvest Danske historical prices to predict the future Handelsinvest Danske's volatility.| Risk Adjusted Performance | 0.1309 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | 1.0E-4 | |||
| Sortino Ratio | (1.06) | |||
| Treynor Ratio | 0.3889 |
Handelsinvest Danske Backtested Returns
At this point, Handelsinvest Danske is very steady. Handelsinvest Danske holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Handelsinvest Danske, which you can use to evaluate the volatility of the firm. Please check out Handelsinvest Danske's Risk Adjusted Performance of 0.1309, coefficient of variation of 389.77, and Market Risk Adjusted Performance of 0.3989 to validate if the risk estimate we provide is consistent with the expected return of 0.027%. Handelsinvest Danske has a performance score of 20 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0413, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Handelsinvest Danske's returns are expected to increase less than the market. However, during the bear market, the loss of holding Handelsinvest Danske is expected to be smaller as well. Handelsinvest Danske right now retains a risk of 0.1%. Please check out Handelsinvest Danske downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Handelsinvest Danske will be following its current trending patterns.
Auto-correlation | 0.24 |
Weak predictability
Handelsinvest Danske Obligationer has weak predictability. Overlapping area represents the amount of predictability between Handelsinvest Danske time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Handelsinvest Danske price movement. The serial correlation of 0.24 indicates that over 24.0% of current Handelsinvest Danske price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.66 |
Handelsinvest Danske lagged returns against current returns
Autocorrelation, which is Handelsinvest Danske 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 Handelsinvest Danske's stock expected returns. We can calculate the autocorrelation of Handelsinvest Danske returns to help us make a trade decision. For example, suppose you find that Handelsinvest Danske 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 |
Handelsinvest Danske 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 Handelsinvest Danske stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Handelsinvest Danske stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Handelsinvest Danske stock over time.
Current vs Lagged Prices |
| Timeline |
Handelsinvest Danske Lagged Returns
When evaluating Handelsinvest Danske's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Handelsinvest Danske stock have on its future price. Handelsinvest Danske 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, Handelsinvest Danske autocorrelation shows the relationship between Handelsinvest Danske stock current value and its past values and can show if there is a momentum factor associated with investing in Handelsinvest Danske Obligationer.
Regressed Prices |
| Timeline |
Pair Trading with Handelsinvest Danske
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 Handelsinvest Danske 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 Handelsinvest Danske will appreciate offsetting losses from the drop in the long position's value.Moving together with Handelsinvest Stock
Moving against Handelsinvest Stock
| 0.91 | GMAB | Genmab AS | PairCorr |
| 0.88 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.78 | VWS | Vestas Wind Systems | PairCorr |
| 0.78 | ESG | Ennogie Solar Group | PairCorr |
| 0.69 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to Handelsinvest Danske could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Handelsinvest Danske 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 Handelsinvest Danske - 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 Handelsinvest Danske Obligationer to buy it.
The correlation of Handelsinvest Danske 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 Handelsinvest Danske moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Handelsinvest Danske 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 Handelsinvest Danske 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 Handelsinvest Stock
Handelsinvest Danske financial ratios help investors to determine whether Handelsinvest 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 Handelsinvest with respect to the benefits of owning Handelsinvest Danske security.