Tryg AS (Denmark) Market Value
| TRYG Stock | DKK 161.80 2.30 1.44% |
| Symbol | Tryg |
Tryg 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 Tryg 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 Tryg AS.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Tryg AS on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Tryg AS or generate 0.0% return on investment in Tryg AS over 390 days. Tryg AS is related to or competes with Dataproces Group, CBrain AS, ALK Abell, and ChemoMetec. Tryg AS, together with its subsidiaries, provides insurance products and services for private and corporate customers, a... More
Tryg 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 Tryg 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 Tryg AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7879 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 4.98 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.42 |
Tryg AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tryg AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tryg AS's standard deviation. In reality, there are many statistical measures that can use Tryg AS historical prices to predict the future Tryg AS's volatility.| Risk Adjusted Performance | 0.1429 | |||
| Jensen Alpha | 0.1229 | |||
| Total Risk Alpha | 0.0134 | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | 0.7381 |
Tryg AS Backtested Returns
As of now, Tryg Stock is very steady. Tryg AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tryg AS, which you can use to evaluate the volatility of the company. Please validate Tryg AS's Semi Deviation of 0.5732, coefficient of variation of 540.49, and Risk Adjusted Performance of 0.1429 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Tryg AS has a performance score of 15 on a scale of 0 to 100. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tryg AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tryg AS is expected to be smaller as well. Tryg AS right now has a risk of 0.84%. Please validate Tryg AS downside variance, expected short fall, and the relationship between the potential upside and semi variance , to decide if Tryg AS will be following its existing price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Tryg AS has very weak reverse predictability. Overlapping area represents the amount of predictability between Tryg AS time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Tryg AS price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Tryg AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 52.05 |
Tryg AS lagged returns against current returns
Autocorrelation, which is Tryg 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 Tryg AS's stock expected returns. We can calculate the autocorrelation of Tryg AS returns to help us make a trade decision. For example, suppose you find that Tryg 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 |
Tryg 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 Tryg AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tryg AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tryg AS stock over time.
Current vs Lagged Prices |
| Timeline |
Tryg AS Lagged Returns
When evaluating Tryg AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tryg AS stock have on its future price. Tryg 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, Tryg AS autocorrelation shows the relationship between Tryg AS stock current value and its past values and can show if there is a momentum factor associated with investing in Tryg AS.
Regressed Prices |
| Timeline |
Pair Trading with Tryg 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 Tryg 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 Tryg AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Tryg Stock
Moving against Tryg Stock
| 0.65 | ESG | Ennogie Solar Group | PairCorr |
| 0.43 | CONFRZ | Conferize AS | PairCorr |
| 0.36 | DKIJAP | Investeringsforeningen | PairCorr |
| 0.35 | MONSO | Monsenso AS | PairCorr |
The ability to find closely correlated positions to Tryg 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 Tryg 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 Tryg 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 Tryg AS to buy it.
The correlation of Tryg 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 Tryg AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tryg 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 Tryg 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 Tryg Stock
Tryg AS financial ratios help investors to determine whether Tryg 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 Tryg with respect to the benefits of owning Tryg AS security.