Harboes Bryggeri (Denmark) Market Value
| HARB-B Stock | DKK 162.50 0.50 0.31% |
| Symbol | Harboes |
Harboes Bryggeri '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 Harboes Bryggeri'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 Harboes Bryggeri.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Harboes Bryggeri on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Harboes Bryggeri AS or generate 0.0% return on investment in Harboes Bryggeri over 90 days. Harboes Bryggeri is related to or competes with Royal Unibrew, Matas AS, Nnit AS, DFDS AS, and NKT AS. Harboes Bryggeri AS produces and markets beverages and malt-based ingredients More
Harboes Bryggeri 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 Harboes Bryggeri'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 Harboes Bryggeri AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.8 |
Harboes Bryggeri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harboes Bryggeri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harboes Bryggeri's standard deviation. In reality, there are many statistical measures that can use Harboes Bryggeri historical prices to predict the future Harboes Bryggeri's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.34) |
Harboes Bryggeri Backtested Returns
Harboes Bryggeri holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Harboes Bryggeri exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harboes Bryggeri's Standard Deviation of 3.4, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.33) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. Harboes Bryggeri returns are very sensitive to returns on the market. As the market goes up or down, Harboes Bryggeri is expected to follow. At this point, Harboes Bryggeri has a negative expected return of -0.53%. Please make sure to check out Harboes Bryggeri's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Harboes Bryggeri performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Harboes Bryggeri AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Harboes Bryggeri time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Harboes Bryggeri price movement. The serial correlation of -0.16 indicates that over 16.0% of current Harboes Bryggeri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 93.05 |
Harboes Bryggeri lagged returns against current returns
Autocorrelation, which is Harboes Bryggeri 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 Harboes Bryggeri's stock expected returns. We can calculate the autocorrelation of Harboes Bryggeri returns to help us make a trade decision. For example, suppose you find that Harboes Bryggeri 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 |
Harboes Bryggeri 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 Harboes Bryggeri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harboes Bryggeri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harboes Bryggeri stock over time.
Current vs Lagged Prices |
| Timeline |
Harboes Bryggeri Lagged Returns
When evaluating Harboes Bryggeri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harboes Bryggeri stock have on its future price. Harboes Bryggeri 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, Harboes Bryggeri autocorrelation shows the relationship between Harboes Bryggeri stock current value and its past values and can show if there is a momentum factor associated with investing in Harboes Bryggeri AS.
Regressed Prices |
| Timeline |
Pair Trading with Harboes Bryggeri
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 Harboes Bryggeri 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 Harboes Bryggeri will appreciate offsetting losses from the drop in the long position's value.Moving together with Harboes Stock
Moving against Harboes Stock
The ability to find closely correlated positions to Harboes Bryggeri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harboes Bryggeri 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 Harboes Bryggeri - 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 Harboes Bryggeri AS to buy it.
The correlation of Harboes Bryggeri 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 Harboes Bryggeri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harboes Bryggeri 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 Harboes Bryggeri 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 Harboes Stock
Harboes Bryggeri financial ratios help investors to determine whether Harboes 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 Harboes with respect to the benefits of owning Harboes Bryggeri security.