Brd Klee (Denmark) Market Value
| KLEE-B Stock | DKK 3,840 20.00 0.52% |
| Symbol | Brd |
Brd Klee '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 Brd Klee'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 Brd Klee.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Brd Klee on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Brd Klee AS or generate 0.0% return on investment in Brd Klee over 90 days. Brd Klee is related to or competes with RIAS AS, LUXOR-B, Glunz Jensen, SKAKO AS, and Dantax. Klee AS operates as an engineering and trading company in Denmark More
Brd Klee 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 Brd Klee'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 Brd Klee AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 3.24 |
Brd Klee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brd Klee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brd Klee's standard deviation. In reality, there are many statistical measures that can use Brd Klee historical prices to predict the future Brd Klee's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.22) |
Brd Klee AS Backtested Returns
Brd Klee AS secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of standard deviation over the last 3 months. Brd Klee AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brd Klee's risk adjusted performance of (0.01), and Mean Deviation of 0.8836 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brd Klee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brd Klee is expected to be smaller as well. At this point, Brd Klee AS has a negative expected return of -0.18%. Please make sure to confirm Brd Klee's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Brd Klee AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Brd Klee AS has poor predictability. Overlapping area represents the amount of predictability between Brd Klee 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 Brd Klee AS price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Brd Klee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 8773.44 |
Brd Klee AS lagged returns against current returns
Autocorrelation, which is Brd Klee 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 Brd Klee's stock expected returns. We can calculate the autocorrelation of Brd Klee returns to help us make a trade decision. For example, suppose you find that Brd Klee 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 |
Brd Klee 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 Brd Klee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brd Klee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brd Klee stock over time.
Current vs Lagged Prices |
| Timeline |
Brd Klee Lagged Returns
When evaluating Brd Klee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brd Klee stock have on its future price. Brd Klee 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, Brd Klee autocorrelation shows the relationship between Brd Klee stock current value and its past values and can show if there is a momentum factor associated with investing in Brd Klee AS.
Regressed Prices |
| Timeline |
Pair Trading with Brd Klee
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 Brd Klee 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 Brd Klee will appreciate offsetting losses from the drop in the long position's value.Moving against Brd Stock
The ability to find closely correlated positions to Brd Klee could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brd Klee 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 Brd Klee - 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 Brd Klee AS to buy it.
The correlation of Brd Klee 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 Brd Klee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brd Klee 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 Brd Klee 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 Brd Stock
Brd Klee financial ratios help investors to determine whether Brd 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 Brd with respect to the benefits of owning Brd Klee security.