Sydinvest Mellemlange (Denmark) Market Value
| SYIMOADKKA | DKK 104.69 0.06 0.06% |
| Symbol | Sydinvest |
Please note, there is a significant difference between Sydinvest Mellemlange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sydinvest Mellemlange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sydinvest 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.
Sydinvest 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 Sydinvest Mellemlange'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 Mellemlange.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sydinvest Mellemlange on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sydinvest Mellemlange Obligationer or generate 0.0% return on investment in Sydinvest Mellemlange over 60 days. Sydinvest Mellemlange is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Sydinvest 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 Sydinvest Mellemlange'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 Mellemlange Obligationer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0996 | |||
| Information Ratio | (1.14) | |||
| Maximum Drawdown | 0.3557 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1639 |
Sydinvest Mellemlange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sydinvest Mellemlange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sydinvest Mellemlange's standard deviation. In reality, there are many statistical measures that can use Sydinvest Mellemlange historical prices to predict the future Sydinvest Mellemlange's volatility.| Risk Adjusted Performance | 0.1664 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | 0.0046 | |||
| Sortino Ratio | (0.98) | |||
| Treynor Ratio | 0.545 |
Sydinvest Mellemlange Backtested Returns
At this point, Sydinvest Mellemlange is very steady. Sydinvest Mellemlange owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the firm had a 0.31% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Sydinvest Mellemlange Obligationer, which you can use to evaluate the volatility of the company. Please validate Sydinvest Mellemlange's Downside Deviation of 0.0996, standard deviation of 0.0857, and Risk Adjusted Performance of 0.1664 to confirm if the risk estimate we provide is consistent with the expected return of 0.0273%. Sydinvest Mellemlange has a performance score of 24 on a scale of 0 to 100. The entity has a beta of 0.0321, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sydinvest Mellemlange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sydinvest Mellemlange is expected to be smaller as well. Sydinvest Mellemlange right now has a risk of 0.087%. Please validate Sydinvest Mellemlange downside variance, and the relationship between the sortino ratio and daily balance of power , to decide if Sydinvest Mellemlange will be following its existing price patterns.
Auto-correlation | 0.43 |
Average predictability
Sydinvest Mellemlange Obligationer has average predictability. Overlapping area represents the amount of predictability between Sydinvest Mellemlange time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Sydinvest Mellemlange price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Sydinvest Mellemlange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Sydinvest Mellemlange lagged returns against current returns
Autocorrelation, which is Sydinvest Mellemlange 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 Mellemlange's stock expected returns. We can calculate the autocorrelation of Sydinvest Mellemlange returns to help us make a trade decision. For example, suppose you find that Sydinvest Mellemlange 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 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 Sydinvest Mellemlange stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sydinvest Mellemlange stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sydinvest Mellemlange stock over time.
Current vs Lagged Prices |
| Timeline |
Sydinvest Mellemlange Lagged Returns
When evaluating Sydinvest Mellemlange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sydinvest Mellemlange stock have on its future price. Sydinvest 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, Sydinvest Mellemlange autocorrelation shows the relationship between Sydinvest Mellemlange stock current value and its past values and can show if there is a momentum factor associated with investing in Sydinvest Mellemlange Obligationer.
Regressed Prices |
| Timeline |
Pair Trading with Sydinvest 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 Sydinvest 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 Sydinvest Mellemlange will appreciate offsetting losses from the drop in the long position's value.Moving together with Sydinvest Stock
Moving against Sydinvest Stock
| 0.93 | GMAB | Genmab AS | PairCorr |
| 0.9 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.82 | ESG | Ennogie Solar Group | PairCorr |
| 0.81 | VWS | Vestas Wind Systems | PairCorr |
| 0.74 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to Sydinvest 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 Sydinvest 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 Sydinvest 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 Sydinvest Mellemlange Obligationer to buy it.
The correlation of Sydinvest 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 Sydinvest Mellemlange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sydinvest 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 Sydinvest 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 Sydinvest Stock
Sydinvest Mellemlange financial ratios help investors to determine whether Sydinvest 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 Sydinvest with respect to the benefits of owning Sydinvest Mellemlange security.