Spar Nord (Denmark) Market Value
| SPNO Stock | DKK 135.20 1.00 0.73% |
| Symbol | Spar |
Spar Nord '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 Spar Nord'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 Spar Nord.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Spar Nord on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Spar Nord Bank or generate 0.0% return on investment in Spar Nord over 30 days. Spar Nord is related to or competes with Dataproces Group, CBrain AS, ALK Abell, and ChemoMetec. Spar Nord Bank AS provides various banking products and services to retail, business, and public sector customers in Den... More
Spar Nord 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 Spar Nord'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 Spar Nord Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.88 |
Spar Nord Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spar Nord's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spar Nord's standard deviation. In reality, there are many statistical measures that can use Spar Nord historical prices to predict the future Spar Nord's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.0247 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1798 |
Spar Nord Bank Backtested Returns
As of now, Spar Stock is very steady. Spar Nord Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.06, which indicates the firm had a 0.06% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spar Nord Bank, which you can use to evaluate the volatility of the company. Please validate Spar Nord's Semi Deviation of 1.38, coefficient of variation of 1466.4, and Risk Adjusted Performance of 0.0558 to confirm if the risk estimate we provide is consistent with the expected return of 0.0736%. Spar Nord has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spar Nord's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spar Nord is expected to be smaller as well. Spar Nord Bank right now has a risk of 1.23%. Please validate Spar Nord semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Spar Nord will be following its existing price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Spar Nord Bank has very weak reverse predictability. Overlapping area represents the amount of predictability between Spar Nord 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 Spar Nord Bank price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Spar Nord price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Spar Nord Bank lagged returns against current returns
Autocorrelation, which is Spar Nord 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 Spar Nord's stock expected returns. We can calculate the autocorrelation of Spar Nord returns to help us make a trade decision. For example, suppose you find that Spar Nord 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 |
Spar Nord 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 Spar Nord stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spar Nord stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spar Nord stock over time.
Current vs Lagged Prices |
| Timeline |
Spar Nord Lagged Returns
When evaluating Spar Nord's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spar Nord stock have on its future price. Spar Nord 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, Spar Nord autocorrelation shows the relationship between Spar Nord stock current value and its past values and can show if there is a momentum factor associated with investing in Spar Nord Bank.
Regressed Prices |
| Timeline |
Pair Trading with Spar Nord
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 Spar Nord 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 Spar Nord will appreciate offsetting losses from the drop in the long position's value.Moving against Spar Stock
| 0.78 | ESG | Ennogie Solar Group | PairCorr |
| 0.44 | MONSO | Monsenso AS | PairCorr |
| 0.44 | DKIJAP | Investeringsforeningen | PairCorr |
| 0.39 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to Spar Nord could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spar Nord 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 Spar Nord - 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 Spar Nord Bank to buy it.
The correlation of Spar Nord 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 Spar Nord moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spar Nord Bank 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 Spar Nord 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 Spar Stock
Spar Nord financial ratios help investors to determine whether Spar 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 Spar with respect to the benefits of owning Spar Nord security.