Trifork Holding (Denmark) Market Value
| TRIFOR Stock | 72.00 1.00 1.41% |
| Symbol | Trifork |
Trifork Holding '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 Trifork Holding'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 Trifork Holding.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Trifork Holding on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Trifork Holding AG or generate 0.0% return on investment in Trifork Holding over 540 days. Trifork Holding is related to or competes with Netcompany Group, CBrain AS, ALK Abell, Green Hydrogen, and Matas AS. More
Trifork Holding 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 Trifork Holding'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 Trifork Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 2.07 |
Trifork Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trifork Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trifork Holding's standard deviation. In reality, there are many statistical measures that can use Trifork Holding historical prices to predict the future Trifork Holding's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 2.35 |
Trifork Holding AG Backtested Returns
Trifork Holding AG owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of risk over the last 3 months. Trifork Holding AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trifork Holding's Risk Adjusted Performance of (0.18), variance of 3.74, and Coefficient Of Variation of (418.46) to confirm the risk estimate we provide. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trifork Holding are expected to decrease at a much lower rate. During the bear market, Trifork Holding is likely to outperform the market. At this point, Trifork Holding AG has a negative expected return of -0.46%. Please make sure to validate Trifork Holding's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Trifork Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Trifork Holding AG has weak predictability. Overlapping area represents the amount of predictability between Trifork Holding time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Trifork Holding AG price movement. The serial correlation of 0.24 indicates that over 24.0% of current Trifork Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 195.13 |
Trifork Holding AG lagged returns against current returns
Autocorrelation, which is Trifork Holding 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 Trifork Holding's stock expected returns. We can calculate the autocorrelation of Trifork Holding returns to help us make a trade decision. For example, suppose you find that Trifork Holding 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 |
Trifork Holding 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 Trifork Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trifork Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trifork Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Trifork Holding Lagged Returns
When evaluating Trifork Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trifork Holding stock have on its future price. Trifork Holding 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, Trifork Holding autocorrelation shows the relationship between Trifork Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Trifork Holding AG.
Regressed Prices |
| Timeline |
Pair Trading with Trifork Holding
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 Trifork Holding 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 Trifork Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with Trifork Stock
Moving against Trifork Stock
| 0.75 | MAERSK-B | AP Mller | PairCorr |
| 0.74 | MAERSK-A | AP Mller | PairCorr |
| 0.64 | MAJPEN | Maj Invest Pension | PairCorr |
| 0.54 | MAJDKO | Maj Invest | PairCorr |
| 0.53 | DKIGLOVO | Danske Invest | PairCorr |
The ability to find closely correlated positions to Trifork Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trifork Holding 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 Trifork Holding - 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 Trifork Holding AG to buy it.
The correlation of Trifork Holding 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 Trifork Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trifork Holding AG 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 Trifork Holding 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 Trifork Stock
Trifork Holding financial ratios help investors to determine whether Trifork 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 Trifork with respect to the benefits of owning Trifork Holding security.