Sydinvest Fjernsten (Denmark) Market Value
| SYIFJERADKKA | DKK 332.43 3.59 1.09% |
| Symbol | Sydinvest |
Please note, there is a significant difference between Sydinvest Fjernsten's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sydinvest Fjernsten is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sydinvest Fjernsten'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.
Sydinvest Fjernsten '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 Sydinvest Fjernsten'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 Sydinvest Fjernsten.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Sydinvest Fjernsten on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sydinvest Fjernsten Akkumulerende or generate 0.0% return on investment in Sydinvest Fjernsten over 30 days. Sydinvest Fjernsten is related to or competes with Laan Spar, Danske Andelskassers, Jyske Bank, Ringkjoebing Landbobank, and Vestjysk Bank. More
Sydinvest Fjernsten 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 Sydinvest Fjernsten'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 Sydinvest Fjernsten Akkumulerende upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9865 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.69 |
Sydinvest Fjernsten Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sydinvest Fjernsten's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sydinvest Fjernsten's standard deviation. In reality, there are many statistical measures that can use Sydinvest Fjernsten historical prices to predict the future Sydinvest Fjernsten's volatility.| Risk Adjusted Performance | 0.0695 | |||
| Jensen Alpha | 0.0734 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.8972 |
Sydinvest Fjernsten Backtested Returns
Currently, Sydinvest Fjernsten Akkumulerende is very steady. Sydinvest Fjernsten owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sydinvest Fjernsten Akkumulerende, which you can use to evaluate the volatility of the company. Please validate Sydinvest Fjernsten's Risk Adjusted Performance of 0.0695, semi deviation of 0.8259, and Coefficient Of Variation of 1147.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Sydinvest Fjernsten has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.0938, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sydinvest Fjernsten's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sydinvest Fjernsten is expected to be smaller as well. Sydinvest Fjernsten right now has a risk of 1.06%. Please validate Sydinvest Fjernsten jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Sydinvest Fjernsten will be following its existing price patterns.
Auto-correlation | 0.28 |
Poor predictability
Sydinvest Fjernsten Akkumulerende has poor predictability. Overlapping area represents the amount of predictability between Sydinvest Fjernsten time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Sydinvest Fjernsten price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Sydinvest Fjernsten price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
Sydinvest Fjernsten lagged returns against current returns
Autocorrelation, which is Sydinvest Fjernsten 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 Sydinvest Fjernsten's stock expected returns. We can calculate the autocorrelation of Sydinvest Fjernsten returns to help us make a trade decision. For example, suppose you find that Sydinvest Fjernsten 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 |
Sydinvest Fjernsten 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 Sydinvest Fjernsten stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sydinvest Fjernsten stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sydinvest Fjernsten stock over time.
Current vs Lagged Prices |
| Timeline |
Sydinvest Fjernsten Lagged Returns
When evaluating Sydinvest Fjernsten's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sydinvest Fjernsten stock have on its future price. Sydinvest Fjernsten 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, Sydinvest Fjernsten autocorrelation shows the relationship between Sydinvest Fjernsten stock current value and its past values and can show if there is a momentum factor associated with investing in Sydinvest Fjernsten Akkumulerende.
Regressed Prices |
| Timeline |
Pair Trading with Sydinvest Fjernsten
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 Sydinvest Fjernsten 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 Sydinvest Fjernsten will appreciate offsetting losses from the drop in the long position's value.Moving together with Sydinvest Stock
Moving against Sydinvest Stock
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| 0.61 | COLO-B | Coloplast AS | PairCorr |
| 0.5 | ESG | Ennogie Solar Group | PairCorr |
| 0.47 | VWS | Vestas Wind Systems | PairCorr |
The ability to find closely correlated positions to Sydinvest Fjernsten could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sydinvest Fjernsten 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 Sydinvest Fjernsten - 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 Sydinvest Fjernsten Akkumulerende to buy it.
The correlation of Sydinvest Fjernsten 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 Sydinvest Fjernsten moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sydinvest Fjernsten 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 Sydinvest Fjernsten 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.Additional Tools for Sydinvest Stock Analysis
When running Sydinvest Fjernsten's price analysis, check to measure Sydinvest Fjernsten's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sydinvest Fjernsten is operating at the current time. Most of Sydinvest Fjernsten's value examination focuses on studying past and present price action to predict the probability of Sydinvest Fjernsten's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sydinvest Fjernsten's price. Additionally, you may evaluate how the addition of Sydinvest Fjernsten to your portfolios can decrease your overall portfolio volatility.