Nykredit Invest (Denmark) Market Value
| NYIDA Stock | DKK 198.25 0.31 0.16% |
| Symbol | Nykredit |
Please note, there is a significant difference between Nykredit Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nykredit Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nykredit 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.
Nykredit 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 Nykredit 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 Nykredit Invest.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nykredit Invest on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nykredit Invest Danske or generate 0.0% return on investment in Nykredit Invest over 390 days. Nykredit Invest is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Nykredit 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 Nykredit 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 Nykredit Invest Danske upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.43 |
Nykredit Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nykredit Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nykredit Invest's standard deviation. In reality, there are many statistical measures that can use Nykredit Invest historical prices to predict the future Nykredit Invest's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.80) |
Nykredit Invest Danske Backtested Returns
Nykredit Invest Danske has Sharpe Ratio of -0.0927, which conveys that the firm had a -0.0927% return per unit of risk over the last 3 months. Nykredit Invest exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nykredit Invest's Standard Deviation of 0.8148, risk adjusted performance of (0.08), and Mean Deviation of 0.6459 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nykredit Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nykredit Invest is expected to be smaller as well. At this point, Nykredit Invest Danske has a negative expected return of -0.075%. Please make sure to verify Nykredit Invest's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Nykredit Invest Danske performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Nykredit Invest Danske has modest reverse predictability. Overlapping area represents the amount of predictability between Nykredit Invest time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Nykredit Invest Danske price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Nykredit Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 15.24 |
Nykredit Invest Danske lagged returns against current returns
Autocorrelation, which is Nykredit 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 Nykredit Invest's stock expected returns. We can calculate the autocorrelation of Nykredit Invest returns to help us make a trade decision. For example, suppose you find that Nykredit 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 |
Nykredit 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 Nykredit Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nykredit Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nykredit Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Nykredit Invest Lagged Returns
When evaluating Nykredit Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nykredit Invest stock have on its future price. Nykredit 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, Nykredit Invest autocorrelation shows the relationship between Nykredit Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Nykredit Invest Danske.
Regressed Prices |
| Timeline |
Pair Trading with Nykredit 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 Nykredit 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 Nykredit Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with Nykredit Stock
Moving against Nykredit Stock
| 0.7 | MAERSK-B | AP Mller | PairCorr |
| 0.7 | MAERSK-A | AP Mller | PairCorr |
| 0.67 | MAJDKO | Maj Invest | PairCorr |
| 0.67 | MAJPEN | Maj Invest Pension | PairCorr |
| 0.65 | DKIGLOVO | Danske Invest | PairCorr |
The ability to find closely correlated positions to Nykredit 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 Nykredit 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 Nykredit 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 Nykredit Invest Danske to buy it.
The correlation of Nykredit 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 Nykredit Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nykredit Invest Danske 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 Nykredit 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.Other Information on Investing in Nykredit Stock
Nykredit Invest financial ratios help investors to determine whether Nykredit 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 Nykredit with respect to the benefits of owning Nykredit Invest security.