ISS AS (Denmark) Market Value
| ISS Stock | DKK 127.50 0.30 0.23% |
| Symbol | ISS |
ISS AS '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 ISS AS'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 ISS AS.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in ISS AS on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding ISS AS or generate 0.0% return on investment in ISS AS over 90 days. ISS AS is related to or competes with North Media, HH International, Per Aarsleff, First Farms, and RTX AS. ISS AS provides workplace management and facility services More
ISS AS 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 ISS AS'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 ISS AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.99 |
ISS AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISS AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISS AS's standard deviation. In reality, there are many statistical measures that can use ISS AS historical prices to predict the future ISS AS's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1008 |
ISS AS Backtested Returns
As of now, ISS Stock is very steady. ISS AS holds Efficiency (Sharpe) Ratio of 0.0404, which attests that the entity had a 0.0404% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ISS AS, which you can use to evaluate the volatility of the firm. Please check out ISS AS's risk adjusted performance of 0.0337, and Market Risk Adjusted Performance of 0.1108 to validate if the risk estimate we provide is consistent with the expected return of 0.0533%. ISS AS has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ISS AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ISS AS is expected to be smaller as well. ISS AS currently retains a risk of 1.32%. Please check out ISS AS sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if ISS AS will be following its current trending patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
ISS AS has modest reverse predictability. Overlapping area represents the amount of predictability between ISS AS 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 ISS AS price movement. The serial correlation of -0.47 indicates that about 47.0% of current ISS AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 11.14 |
ISS AS lagged returns against current returns
Autocorrelation, which is ISS AS 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 ISS AS's stock expected returns. We can calculate the autocorrelation of ISS AS returns to help us make a trade decision. For example, suppose you find that ISS AS 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 |
ISS AS 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 ISS AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISS AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISS AS stock over time.
Current vs Lagged Prices |
| Timeline |
ISS AS Lagged Returns
When evaluating ISS AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISS AS stock have on its future price. ISS AS 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, ISS AS autocorrelation shows the relationship between ISS AS stock current value and its past values and can show if there is a momentum factor associated with investing in ISS AS.
Regressed Prices |
| Timeline |
Pair Trading with ISS AS
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 ISS AS 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 ISS AS will appreciate offsetting losses from the drop in the long position's value.Moving against ISS Stock
The ability to find closely correlated positions to ISS AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISS AS 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 ISS AS - 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 ISS AS to buy it.
The correlation of ISS AS 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 ISS AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISS 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 ISS AS 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 ISS Stock
ISS AS financial ratios help investors to determine whether ISS 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 ISS with respect to the benefits of owning ISS AS security.