LUXOR-B (Denmark) Market Value
| LUXOR-B Stock | DKK 560.00 5.00 0.90% |
| Symbol | LUXOR-B |
LUXOR-B '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 LUXOR-B'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 LUXOR-B.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in LUXOR-B on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Investeringsselskabet Luxor AS or generate 0.0% return on investment in LUXOR-B over 30 days. LUXOR-B is related to or competes with Skjern Bank, Groenlandsbanken, Fynske Bank, Lollands Bank, and First Farms. Investeringsselskabet Luxor AS is a principal investment firm More
LUXOR-B 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 LUXOR-B'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 Investeringsselskabet Luxor AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.52 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.6 |
LUXOR-B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LUXOR-B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LUXOR-B's standard deviation. In reality, there are many statistical measures that can use LUXOR-B historical prices to predict the future LUXOR-B's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.09 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.19) |
Investeringsselskabet Backtested Returns
At this point, LUXOR-B is very steady. Investeringsselskabet has Sharpe Ratio of 0.0109, which conveys that the firm had a 0.0109% return per unit of risk over the last 3 months. We have found thirty technical indicators for LUXOR-B, which you can use to evaluate the volatility of the firm. Please verify LUXOR-B's Mean Deviation of 1.43, risk adjusted performance of 0.0292, and Downside Deviation of 3.09 to check out if the risk estimate we provide is consistent with the expected return of 0.0238%. The company secures a Beta (Market Risk) of -0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LUXOR-B are expected to decrease at a much lower rate. During the bear market, LUXOR-B is likely to outperform the market. Investeringsselskabet right now secures a risk of 2.19%. Please verify Investeringsselskabet Luxor AS semi variance, as well as the relationship between the rate of daily change and relative strength index , to decide if Investeringsselskabet Luxor AS will be following its current price movements.
Auto-correlation | 0.94 |
Excellent predictability
Investeringsselskabet Luxor AS has excellent predictability. Overlapping area represents the amount of predictability between LUXOR-B time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Investeringsselskabet price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current LUXOR-B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 190.91 |
Investeringsselskabet lagged returns against current returns
Autocorrelation, which is LUXOR-B 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 LUXOR-B's stock expected returns. We can calculate the autocorrelation of LUXOR-B returns to help us make a trade decision. For example, suppose you find that LUXOR-B 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 |
LUXOR-B 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 LUXOR-B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LUXOR-B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LUXOR-B stock over time.
Current vs Lagged Prices |
| Timeline |
LUXOR-B Lagged Returns
When evaluating LUXOR-B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LUXOR-B stock have on its future price. LUXOR-B 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, LUXOR-B autocorrelation shows the relationship between LUXOR-B stock current value and its past values and can show if there is a momentum factor associated with investing in Investeringsselskabet Luxor AS.
Regressed Prices |
| Timeline |
Pair Trading with LUXOR-B
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 LUXOR-B 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 LUXOR-B will appreciate offsetting losses from the drop in the long position's value.Moving against LUXOR-B Stock
| 0.58 | COLO-B | Coloplast AS | PairCorr |
| 0.46 | PNDORA | Pandora AS | PairCorr |
| 0.45 | NEWCAP | Newcap Holding AS | PairCorr |
| 0.4 | NOVO-B | Novo Nordisk AS | PairCorr |
The ability to find closely correlated positions to LUXOR-B could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LUXOR-B 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 LUXOR-B - 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 Investeringsselskabet Luxor AS to buy it.
The correlation of LUXOR-B 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 LUXOR-B moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investeringsselskabet 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 LUXOR-B 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 LUXOR-B Stock
LUXOR-B financial ratios help investors to determine whether LUXOR-B 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 LUXOR-B with respect to the benefits of owning LUXOR-B security.