Sparinvest Mellemlange (Denmark) Market Value
| SPIMLOKLA | DKK 101.70 0.05 0.05% |
| Symbol | Sparinvest |
Please note, there is a significant difference between Sparinvest Mellemlange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparinvest Mellemlange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparinvest Mellemlange'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.
Sparinvest Mellemlange '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 Sparinvest Mellemlange's fund 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 Sparinvest Mellemlange.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Sparinvest Mellemlange on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Sparinvest Mellemlange or generate 0.0% return on investment in Sparinvest Mellemlange over 720 days. More
Sparinvest Mellemlange 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 Sparinvest Mellemlange's fund 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 Sparinvest Mellemlange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1904 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 0.7917 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2966 |
Sparinvest Mellemlange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparinvest Mellemlange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparinvest Mellemlange's standard deviation. In reality, there are many statistical measures that can use Sparinvest Mellemlange historical prices to predict the future Sparinvest Mellemlange's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.0197 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.54) | |||
| Treynor Ratio | (0.72) |
Sparinvest Mellemlange Backtested Returns
As of now, Sparinvest Fund is very steady. Sparinvest Mellemlange owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sparinvest Mellemlange, which you can use to evaluate the volatility of the fund. Please validate Sparinvest Mellemlange's Standard Deviation of 0.1689, risk adjusted performance of 0.0865, and Downside Deviation of 0.1904 to confirm if the risk estimate we provide is consistent with the expected return of 0.0267%. The entity has a beta of -0.0235, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sparinvest Mellemlange are expected to decrease at a much lower rate. During the bear market, Sparinvest Mellemlange is likely to outperform the market.
Auto-correlation | 0.31 |
Below average predictability
Sparinvest Mellemlange has below average predictability. Overlapping area represents the amount of predictability between Sparinvest Mellemlange time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Sparinvest Mellemlange price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Sparinvest Mellemlange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Sparinvest Mellemlange lagged returns against current returns
Autocorrelation, which is Sparinvest Mellemlange fund'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 Sparinvest Mellemlange's fund expected returns. We can calculate the autocorrelation of Sparinvest Mellemlange returns to help us make a trade decision. For example, suppose you find that Sparinvest Mellemlange has exhibited high autocorrelation historically, and you observe that the fund 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 |
Sparinvest Mellemlange 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 Sparinvest Mellemlange fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparinvest Mellemlange fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparinvest Mellemlange fund over time.
Current vs Lagged Prices |
| Timeline |
Sparinvest Mellemlange Lagged Returns
When evaluating Sparinvest Mellemlange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparinvest Mellemlange fund have on its future price. Sparinvest Mellemlange 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, Sparinvest Mellemlange autocorrelation shows the relationship between Sparinvest Mellemlange fund current value and its past values and can show if there is a momentum factor associated with investing in Sparinvest Mellemlange.
Regressed Prices |
| Timeline |
Pair Trading with Sparinvest Mellemlange
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 Sparinvest Mellemlange 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 Sparinvest Mellemlange will appreciate offsetting losses from the drop in the long position's value.Moving together with Sparinvest Fund
| 0.89 | JYIKOB | Jyske Invest Korte | PairCorr |
| 0.63 | JYINOBV | Jyske Invest Nye | PairCorr |
| 0.82 | JYIVIRK | Jyske Invest Virksom | PairCorr |
| 0.93 | JYIHRV | Jyske Invest Hjt | PairCorr |
The ability to find closely correlated positions to Sparinvest Mellemlange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparinvest Mellemlange 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 Sparinvest Mellemlange - 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 Sparinvest Mellemlange to buy it.
The correlation of Sparinvest Mellemlange 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 Sparinvest Mellemlange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparinvest Mellemlange 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 Sparinvest Mellemlange 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 Sparinvest Fund
Sparinvest Mellemlange financial ratios help investors to determine whether Sparinvest Fund 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 Sparinvest with respect to the benefits of owning Sparinvest Mellemlange security.
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