Risma Systems (Denmark) Market Value
| RISMA Stock | DKK 4.72 0.88 15.71% |
| Symbol | Risma |
Risma Systems '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 Risma Systems' 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 Risma Systems.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Risma Systems on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Risma Systems AS or generate 0.0% return on investment in Risma Systems over 720 days. Risma Systems is related to or competes with Impero AS, MapsPeople, Penneo AS, and Nexcom AS. Risma Systems AS offers a software suite for governance, risk, and compliance activities for private and public sectors ... More
Risma Systems 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 Risma Systems' 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 Risma Systems AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 26.63 | |||
| Value At Risk | (8.27) | |||
| Potential Upside | 6.09 |
Risma Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Risma Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Risma Systems' standard deviation. In reality, there are many statistical measures that can use Risma Systems historical prices to predict the future Risma Systems' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | 0.2733 |
Risma Systems AS Backtested Returns
Risma Systems AS maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Risma Systems AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Risma Systems' Variance of 26.03, risk adjusted performance of (0.11), and Coefficient Of Variation of (661.21) to confirm the risk estimate we provide. The company holds a Beta of -2.86, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Risma Systems are expected to decrease by larger amounts. On the other hand, during market turmoil, Risma Systems is expected to outperform it. At this point, Risma Systems AS has a negative expected return of -0.77%. Please make sure to check Risma Systems' daily balance of power, and the relationship between the skewness and day typical price , to decide if Risma Systems AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Risma Systems AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Risma Systems time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Risma Systems AS price movement. The serial correlation of -0.73 indicates that around 73.0% of current Risma Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Risma Systems AS lagged returns against current returns
Autocorrelation, which is Risma Systems 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 Risma Systems' stock expected returns. We can calculate the autocorrelation of Risma Systems returns to help us make a trade decision. For example, suppose you find that Risma Systems 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 |
Risma Systems 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 Risma Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Risma Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Risma Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Risma Systems Lagged Returns
When evaluating Risma Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Risma Systems stock have on its future price. Risma Systems 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, Risma Systems autocorrelation shows the relationship between Risma Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Risma Systems AS.
Regressed Prices |
| Timeline |
Pair Trading with Risma Systems
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 Risma Systems 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 Risma Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Risma Stock
Moving against Risma Stock
The ability to find closely correlated positions to Risma Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Risma Systems 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 Risma Systems - 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 Risma Systems AS to buy it.
The correlation of Risma Systems 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 Risma Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Risma Systems 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 Risma Systems 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 Risma Stock
Risma Systems financial ratios help investors to determine whether Risma 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 Risma with respect to the benefits of owning Risma Systems security.