Scandinavian Investment (Denmark) Market Value
| SIG Stock | DKK 3.30 0.08 2.37% |
| Symbol | Scandinavian |
Scandinavian Investment '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 Scandinavian Investment'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 Scandinavian Investment.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Scandinavian Investment on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Scandinavian Investment Group or generate 0.0% return on investment in Scandinavian Investment over 30 days. Scandinavian Investment is related to or competes with North Media, Rovsing AS, Alm Brand, SKAKO AS, and CBrain AS. Scandinavian Investment Group AS invests in real estate properties in Denmark More
Scandinavian Investment 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 Scandinavian Investment'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 Scandinavian Investment Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.48 |
Scandinavian Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandinavian Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandinavian Investment's standard deviation. In reality, there are many statistical measures that can use Scandinavian Investment historical prices to predict the future Scandinavian Investment's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | 0.0454 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.38) |
Scandinavian Investment Backtested Returns
As of now, Scandinavian Stock is slightly risky. Scandinavian Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0137, which indicates the firm had a 0.0137% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Scandinavian Investment Group, which you can use to evaluate the volatility of the company. Please validate Scandinavian Investment's Coefficient Of Variation of 2912.45, risk adjusted performance of 0.0304, and Semi Deviation of 1.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.0182%. Scandinavian Investment has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0911, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scandinavian Investment are expected to decrease at a much lower rate. During the bear market, Scandinavian Investment is likely to outperform the market. Scandinavian Investment right now has a risk of 1.33%. Please validate Scandinavian Investment coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Scandinavian Investment will be following its existing price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Scandinavian Investment Group has modest reverse predictability. Overlapping area represents the amount of predictability between Scandinavian Investment time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Scandinavian Investment price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Scandinavian Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandinavian Investment lagged returns against current returns
Autocorrelation, which is Scandinavian Investment 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 Scandinavian Investment's stock expected returns. We can calculate the autocorrelation of Scandinavian Investment returns to help us make a trade decision. For example, suppose you find that Scandinavian Investment 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 |
Scandinavian Investment 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 Scandinavian Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandinavian Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandinavian Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Scandinavian Investment Lagged Returns
When evaluating Scandinavian Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandinavian Investment stock have on its future price. Scandinavian Investment 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, Scandinavian Investment autocorrelation shows the relationship between Scandinavian Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Scandinavian Investment Group.
Regressed Prices |
| Timeline |
Pair Trading with Scandinavian Investment
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 Scandinavian Investment 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 Scandinavian Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Scandinavian Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandinavian Investment 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 Scandinavian Investment - 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 Scandinavian Investment Group to buy it.
The correlation of Scandinavian Investment 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 Scandinavian Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandinavian Investment 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 Scandinavian Investment 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 Scandinavian Stock
Scandinavian Investment financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Investment security.