PFA Invest (Denmark) Market Value
| PFIKRB Stock | DKK 104.55 0.09 0.09% |
| Symbol | PFA |
Please note, there is a significant difference between PFA Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if PFA Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PFA 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.
PFA 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 PFA 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 PFA Invest.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PFA Invest on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PFA Invest Kreditobligationer or generate 0.0% return on investment in PFA Invest over 30 days. PFA Invest is related to or competes with Nordfyns Bank, Alefarm Brewing, Spar Nord, Prime Office, and Sydbank AS. More
PFA 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 PFA 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 PFA Invest Kreditobligationer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0823 | |||
| Information Ratio | (1.11) | |||
| Maximum Drawdown | 0.4338 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.183 |
PFA Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PFA Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PFA Invest's standard deviation. In reality, there are many statistical measures that can use PFA Invest historical prices to predict the future PFA Invest's volatility.| Risk Adjusted Performance | 0.1517 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | 0.0025 | |||
| Sortino Ratio | (1.26) | |||
| Treynor Ratio | 0.6115 |
PFA Invest Kreditobl Backtested Returns
At this point, PFA Invest is very steady. PFA Invest Kreditobl retains Efficiency (Sharpe Ratio) of 0.31, which implies the firm had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for PFA Invest, which you can use to evaluate the volatility of the company. Please check PFA Invest's market risk adjusted performance of 0.6215, and Downside Deviation of 0.0823 to confirm if the risk estimate we provide is consistent with the expected return of 0.0292%. PFA Invest has a performance score of 24 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0282, which implies not very significant fluctuations relative to the market. As returns on the market increase, PFA Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding PFA Invest is expected to be smaller as well. PFA Invest Kreditobl at this time owns a risk of 0.0931%. Please check PFA Invest Kreditobligationer value at risk, and the relationship between the jensen alpha and skewness , to decide if PFA Invest Kreditobligationer will be following its current price history.
Auto-correlation | 0.22 |
Weak predictability
PFA Invest Kreditobligationer has weak predictability. Overlapping area represents the amount of predictability between PFA Invest time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 PFA Invest Kreditobl price movement. The serial correlation of 0.22 indicates that over 22.0% of current PFA Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PFA Invest Kreditobl lagged returns against current returns
Autocorrelation, which is PFA 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 PFA Invest's stock expected returns. We can calculate the autocorrelation of PFA Invest returns to help us make a trade decision. For example, suppose you find that PFA 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 |
PFA 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 PFA Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PFA Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PFA Invest stock over time.
Current vs Lagged Prices |
| Timeline |
PFA Invest Lagged Returns
When evaluating PFA Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PFA Invest stock have on its future price. PFA 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, PFA Invest autocorrelation shows the relationship between PFA Invest stock current value and its past values and can show if there is a momentum factor associated with investing in PFA Invest Kreditobligationer.
Regressed Prices |
| Timeline |
Pair Trading with PFA 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 PFA 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 PFA Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with PFA Stock
Moving against PFA Stock
| 0.93 | GMAB | Genmab AS | PairCorr |
| 0.92 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.87 | ESG | Ennogie Solar Group | PairCorr |
| 0.86 | VWS | Vestas Wind Systems | PairCorr |
| 0.73 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to PFA 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 PFA 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 PFA 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 PFA Invest Kreditobligationer to buy it.
The correlation of PFA 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 PFA Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PFA Invest Kreditobl 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 PFA 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 PFA Stock
PFA Invest financial ratios help investors to determine whether PFA 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 PFA with respect to the benefits of owning PFA Invest security.