Ringkjoebing Landbobank (Denmark) Market Value
| RILBA Stock | DKK 1,145 9.00 0.78% |
| Symbol | Ringkjoebing |
Ringkjoebing Landbobank '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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ringkjoebing Landbobank on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ringkjoebing Landbobank AS or generate 0.0% return on investment in Ringkjoebing Landbobank over 90 days. Ringkjoebing Landbobank is related to or competes with Sydbank AS, Jyske Bank, Royal Unibrew, and Spar Nord. Ringkjbing Landbobank AS provides various banking products and services in Denmark More
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.65 |
Ringkjoebing Landbobank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringkjoebing Landbobank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ringkjoebing Landbobank's standard deviation. In reality, there are many statistical measures that can use Ringkjoebing Landbobank historical prices to predict the future Ringkjoebing Landbobank's volatility.| Risk Adjusted Performance | 0.04 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1849 |
Ringkjoebing Landbobank Backtested Returns
At this point, Ringkjoebing Landbobank is very steady. Ringkjoebing Landbobank maintains Sharpe Ratio (i.e., Efficiency) of 0.0633, which implies the firm had a 0.0633% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ringkjoebing Landbobank, which you can use to evaluate the volatility of the company. Please check Ringkjoebing Landbobank's Coefficient Of Variation of 2086.14, semi deviation of 1.02, and Risk Adjusted Performance of 0.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0723%. Ringkjoebing Landbobank has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ringkjoebing Landbobank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ringkjoebing Landbobank is expected to be smaller as well. Ringkjoebing Landbobank right now holds a risk of 1.14%. Please check Ringkjoebing Landbobank potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Ringkjoebing Landbobank will be following its historical price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Ringkjoebing Landbobank AS has good reverse predictability. Overlapping area represents the amount of predictability between Ringkjoebing Landbobank 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 Ringkjoebing Landbobank price movement. The serial correlation of -0.51 indicates that about 51.0% of current Ringkjoebing Landbobank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1149.27 |
Ringkjoebing Landbobank lagged returns against current returns
Autocorrelation, which is Ringkjoebing Landbobank 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 Ringkjoebing Landbobank's stock expected returns. We can calculate the autocorrelation of Ringkjoebing Landbobank returns to help us make a trade decision. For example, suppose you find that Ringkjoebing Landbobank 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 |
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ringkjoebing Landbobank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ringkjoebing Landbobank stock over time.
Current vs Lagged Prices |
| Timeline |
Ringkjoebing Landbobank Lagged Returns
When evaluating Ringkjoebing Landbobank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ringkjoebing Landbobank stock have on its future price. Ringkjoebing Landbobank 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, Ringkjoebing Landbobank autocorrelation shows the relationship between Ringkjoebing Landbobank stock current value and its past values and can show if there is a momentum factor associated with investing in Ringkjoebing Landbobank AS.
Regressed Prices |
| Timeline |
Pair Trading with Ringkjoebing Landbobank
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 Ringkjoebing Landbobank 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 Ringkjoebing Landbobank will appreciate offsetting losses from the drop in the long position's value.Moving against Ringkjoebing Stock
| 0.81 | VWS | Vestas Wind Systems | PairCorr |
| 0.62 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.62 | VJBA | Vestjysk Bank AS | PairCorr |
| 0.37 | HLUN-B | H Lundbeck AS | PairCorr |
The ability to find closely correlated positions to Ringkjoebing Landbobank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ringkjoebing Landbobank 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 Ringkjoebing Landbobank - 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 Ringkjoebing Landbobank AS to buy it.
The correlation of Ringkjoebing Landbobank 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 Ringkjoebing Landbobank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ringkjoebing Landbobank 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 Ringkjoebing Landbobank 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 Ringkjoebing Stock
Ringkjoebing Landbobank financial ratios help investors to determine whether Ringkjoebing 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 Ringkjoebing with respect to the benefits of owning Ringkjoebing Landbobank security.