Sparinv SICAV (Denmark) Market Value
| SSIEUVEURR | EUR 188.75 2.40 1.29% |
| Symbol | Sparinv |
Please note, there is a significant difference between Sparinv SICAV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparinv SICAV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparinv SICAV'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.
Sparinv SICAV '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 Sparinv SICAV'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 Sparinv SICAV.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Sparinv SICAV on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sparinv SICAV or generate 0.0% return on investment in Sparinv SICAV over 90 days. More
Sparinv SICAV 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 Sparinv SICAV'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 Sparinv SICAV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.4 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 0.3716 |
Sparinv SICAV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparinv SICAV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparinv SICAV's standard deviation. In reality, there are many statistical measures that can use Sparinv SICAV historical prices to predict the future Sparinv SICAV's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (1.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sparinv SICAV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sparinv SICAV Backtested Returns
At this point, Sparinv SICAV is out of control. Sparinv SICAV owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0138, which indicates the fund had a 0.0138% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Sparinv SICAV, which you can use to evaluate the volatility of the fund. Please validate Sparinv SICAV's Variance of 0.4648, coefficient of variation of (4,512), and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0095%. The entity has a beta of 0.0165, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparinv SICAV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparinv SICAV is expected to be smaller as well.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Sparinv SICAV has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sparinv SICAV time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Sparinv SICAV price movement. The serial correlation of -0.78 indicates that around 78.0% of current Sparinv SICAV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 5.4 |
Sparinv SICAV lagged returns against current returns
Autocorrelation, which is Sparinv SICAV 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 Sparinv SICAV's fund expected returns. We can calculate the autocorrelation of Sparinv SICAV returns to help us make a trade decision. For example, suppose you find that Sparinv SICAV 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 |
Sparinv SICAV 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 Sparinv SICAV fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparinv SICAV fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparinv SICAV fund over time.
Current vs Lagged Prices |
| Timeline |
Sparinv SICAV Lagged Returns
When evaluating Sparinv SICAV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparinv SICAV fund have on its future price. Sparinv SICAV 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, Sparinv SICAV autocorrelation shows the relationship between Sparinv SICAV fund current value and its past values and can show if there is a momentum factor associated with investing in Sparinv SICAV.
Regressed Prices |
| Timeline |
Pair Trading with Sparinv SICAV
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 Sparinv SICAV 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 Sparinv SICAV will appreciate offsetting losses from the drop in the long position's value.Moving against Sparinv Fund
| 0.7 | JYINOBV | Jyske Invest Nye | PairCorr |
| 0.53 | JYIHRV | Jyske Invest Hjt | PairCorr |
| 0.48 | JYINOB | Jyske Invest Nye | PairCorr |
| 0.46 | JYIVIRK | Jyske Invest Virksom | PairCorr |
| 0.46 | JYILOB | Jyske Invest Lange | PairCorr |
The ability to find closely correlated positions to Sparinv SICAV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparinv SICAV 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 Sparinv SICAV - 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 Sparinv SICAV to buy it.
The correlation of Sparinv SICAV 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 Sparinv SICAV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparinv SICAV 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 Sparinv SICAV 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 Sparinv Fund
Sparinv SICAV financial ratios help investors to determine whether Sparinv 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 Sparinv with respect to the benefits of owning Sparinv SICAV security.
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