Jyske Invest (Denmark) Market Value
| JYINOBV Stock | DKK 117.15 0.35 0.30% |
| Symbol | Jyske |
Please note, there is a significant difference between Jyske Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jyske Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jyske Invest'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.
Jyske Invest '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 Jyske Invest'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 Jyske Invest.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Jyske Invest on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jyske Invest Nye or generate 0.0% return on investment in Jyske Invest over 180 days. Jyske Invest is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Jyske Invest 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 Jyske Invest'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 Jyske Invest Nye upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2614 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.45 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.5633 |
Jyske Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jyske Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jyske Invest's standard deviation. In reality, there are many statistical measures that can use Jyske Invest historical prices to predict the future Jyske Invest's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0192 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.348 |
Jyske Invest Nye Backtested Returns
At this stage we consider Jyske Stock to be very steady. Jyske Invest Nye holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jyske Invest Nye, which you can use to evaluate the volatility of the firm. Please check out Jyske Invest's Market Risk Adjusted Performance of 0.358, downside deviation of 0.2614, and Risk Adjusted Performance of 0.0769 to validate if the risk estimate we provide is consistent with the expected return of 0.0431%. Jyske Invest has a performance score of 10 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0839, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jyske Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jyske Invest is expected to be smaller as well. Jyske Invest Nye right now retains a risk of 0.33%. Please check out Jyske Invest value at risk, as well as the relationship between the skewness and day typical price , to decide if Jyske Invest will be following its current trending patterns.
Auto-correlation | 0.19 |
Very weak predictability
Jyske Invest Nye has very weak predictability. Overlapping area represents the amount of predictability between Jyske Invest time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Jyske Invest Nye price movement. The serial correlation of 0.19 indicates that over 19.0% of current Jyske Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Jyske Invest Nye lagged returns against current returns
Autocorrelation, which is Jyske Invest 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 Jyske Invest's stock expected returns. We can calculate the autocorrelation of Jyske Invest returns to help us make a trade decision. For example, suppose you find that Jyske Invest 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 |
Jyske Invest 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 Jyske Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jyske Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jyske Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Jyske Invest Lagged Returns
When evaluating Jyske Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jyske Invest stock have on its future price. Jyske Invest 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, Jyske Invest autocorrelation shows the relationship between Jyske Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Jyske Invest Nye.
Regressed Prices |
| Timeline |
Pair Trading with Jyske Invest
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 Jyske Invest 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 Jyske Invest will appreciate offsetting losses from the drop in the long position's value.Moving against Jyske Stock
The ability to find closely correlated positions to Jyske Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jyske Invest 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 Jyske Invest - 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 Jyske Invest Nye to buy it.
The correlation of Jyske Invest 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 Jyske Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jyske Invest Nye 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 Jyske Invest 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.Additional Tools for Jyske Stock Analysis
When running Jyske Invest's price analysis, check to measure Jyske Invest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jyske Invest is operating at the current time. Most of Jyske Invest's value examination focuses on studying past and present price action to predict the probability of Jyske Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jyske Invest's price. Additionally, you may evaluate how the addition of Jyske Invest to your portfolios can decrease your overall portfolio volatility.