Sydbank AS (Denmark) Market Value
| SYDB Stock | DKK 348.20 3.20 0.91% |
| Symbol | Sydbank |
Sydbank AS '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 Sydbank AS'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 Sydbank AS.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sydbank AS on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sydbank AS or generate 0.0% return on investment in Sydbank AS over 30 days. Sydbank AS is related to or competes with Jyske Bank, Tryg AS, FLSmidth, Nordea Bank, and Spar Nord. Sydbank AS, together with its subsidiaries, provides various banking products and services to corporate and retail custo... More
Sydbank AS 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 Sydbank AS'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 Sydbank AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.81 |
Sydbank AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sydbank AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sydbank AS's standard deviation. In reality, there are many statistical measures that can use Sydbank AS historical prices to predict the future Sydbank AS's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1806 |
Sydbank AS Backtested Returns
As of now, Sydbank Stock is very steady. Sydbank AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0338, which indicates the firm had a 0.0338% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sydbank AS, which you can use to evaluate the volatility of the company. Please validate Sydbank AS's Risk Adjusted Performance of 0.0337, semi deviation of 1.34, and Coefficient Of Variation of 2596.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0442%. Sydbank AS has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sydbank AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sydbank AS is expected to be smaller as well. Sydbank AS right now has a risk of 1.31%. Please validate Sydbank AS standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sydbank AS will be following its existing price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Sydbank AS has very weak reverse predictability. Overlapping area represents the amount of predictability between Sydbank AS 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 Sydbank AS price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Sydbank AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 16.72 |
Sydbank AS lagged returns against current returns
Autocorrelation, which is Sydbank AS 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 Sydbank AS's stock expected returns. We can calculate the autocorrelation of Sydbank AS returns to help us make a trade decision. For example, suppose you find that Sydbank AS 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 |
Sydbank AS 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 Sydbank AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sydbank AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sydbank AS stock over time.
Current vs Lagged Prices |
| Timeline |
Sydbank AS Lagged Returns
When evaluating Sydbank AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sydbank AS stock have on its future price. Sydbank AS 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, Sydbank AS autocorrelation shows the relationship between Sydbank AS stock current value and its past values and can show if there is a momentum factor associated with investing in Sydbank AS.
Regressed Prices |
| Timeline |
Pair Trading with Sydbank AS
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 Sydbank AS 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 Sydbank AS will appreciate offsetting losses from the drop in the long position's value.Moving against Sydbank Stock
The ability to find closely correlated positions to Sydbank AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sydbank AS 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 Sydbank AS - 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 Sydbank AS to buy it.
The correlation of Sydbank AS 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 Sydbank AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sydbank AS 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 Sydbank AS 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 Sydbank Stock
Sydbank AS financial ratios help investors to determine whether Sydbank 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 Sydbank with respect to the benefits of owning Sydbank AS security.