Silkeborg (Denmark) Market Value
| SIF Stock | DKK 35.40 2.40 6.35% |
| Symbol | Silkeborg |
Silkeborg '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 Silkeborg'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 Silkeborg.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Silkeborg on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Silkeborg IF Invest or generate 0.0% return on investment in Silkeborg over 720 days. Silkeborg is related to or competes with PARKEN Sport, Aalborg Boldspilklub, Broendbyernes, Strategic Investments, and SKAKO AS. Silkeborg IF Invest AS operates a football club in Denmark More
Silkeborg 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 Silkeborg'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 Silkeborg IF Invest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.1023 | |||
| Maximum Drawdown | 15.1 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 6.94 |
Silkeborg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silkeborg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silkeborg's standard deviation. In reality, there are many statistical measures that can use Silkeborg historical prices to predict the future Silkeborg's volatility.| Risk Adjusted Performance | 0.0979 | |||
| Jensen Alpha | 0.3501 | |||
| Total Risk Alpha | 0.1269 | |||
| Sortino Ratio | 0.1066 | |||
| Treynor Ratio | 1.12 |
Silkeborg IF Invest Backtested Returns
Silkeborg appears to be very steady, given 3 months investment horizon. Silkeborg IF Invest owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Silkeborg IF Invest, which you can use to evaluate the volatility of the company. Please review Silkeborg's Semi Deviation of 2.05, risk adjusted performance of 0.0979, and Coefficient Of Variation of 802.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silkeborg holds a performance score of 8. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Silkeborg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silkeborg is expected to be smaller as well. Please check Silkeborg's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Silkeborg's existing price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Silkeborg IF Invest has very good predictability. Overlapping area represents the amount of predictability between Silkeborg time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 Silkeborg IF Invest price movement. The serial correlation of 0.85 indicates that around 85.0% of current Silkeborg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 23.2 |
Silkeborg IF Invest lagged returns against current returns
Autocorrelation, which is Silkeborg 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 Silkeborg's stock expected returns. We can calculate the autocorrelation of Silkeborg returns to help us make a trade decision. For example, suppose you find that Silkeborg 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 |
Silkeborg 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 Silkeborg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silkeborg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silkeborg stock over time.
Current vs Lagged Prices |
| Timeline |
Silkeborg Lagged Returns
When evaluating Silkeborg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silkeborg stock have on its future price. Silkeborg 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, Silkeborg autocorrelation shows the relationship between Silkeborg stock current value and its past values and can show if there is a momentum factor associated with investing in Silkeborg IF Invest.
Regressed Prices |
| Timeline |
Pair Trading with Silkeborg
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 Silkeborg 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 Silkeborg will appreciate offsetting losses from the drop in the long position's value.Moving together with Silkeborg Stock
Moving against Silkeborg Stock
| 0.69 | CARL-A | Carlsberg AS | PairCorr |
| 0.64 | ISS | ISS AS | PairCorr |
| 0.61 | VWS | Vestas Wind Systems | PairCorr |
| 0.5 | CARL-B | Carlsberg AS | PairCorr |
The ability to find closely correlated positions to Silkeborg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silkeborg 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 Silkeborg - 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 Silkeborg IF Invest to buy it.
The correlation of Silkeborg 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 Silkeborg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silkeborg IF Invest 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 Silkeborg 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 Silkeborg Stock
Silkeborg financial ratios help investors to determine whether Silkeborg 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 Silkeborg with respect to the benefits of owning Silkeborg security.