Danske Bank AS Market Value
| 23636BAQ2 | 98.09 0.00 0.00% |
| Symbol | Danske |
Please note, there is a significant difference between Danske's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danske is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danske'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.
Danske '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 Danske's bond 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 Danske.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Danske on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Danske Bank AS or generate 0.0% return on investment in Danske over 720 days. Danske is related to or competes with Bridgford Foods, Highway Holdings, SNDL, Village Super, Summit Materials, and Western Acquisition. More
Danske 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 Danske's bond 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 Danske Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.73 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.15 |
Danske Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danske's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danske's standard deviation. In reality, there are many statistical measures that can use Danske historical prices to predict the future Danske's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0577 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.14) |
Danske Bank AS Backtested Returns
Danske Bank AS secures Sharpe Ratio (or Efficiency) of -0.0886, which denotes the bond had a -0.0886% return per unit of risk over the last 3 months. Danske Bank AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danske's Coefficient Of Variation of 5061.16, downside deviation of 1.95, and Mean Deviation of 0.783 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Danske are expected to decrease at a much lower rate. During the bear market, Danske is likely to outperform the market.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Danske Bank AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Danske time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Danske Bank AS price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Danske price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
Danske Bank AS lagged returns against current returns
Autocorrelation, which is Danske bond'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 Danske's bond expected returns. We can calculate the autocorrelation of Danske returns to help us make a trade decision. For example, suppose you find that Danske has exhibited high autocorrelation historically, and you observe that the bond 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 |
Danske 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 Danske bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danske bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danske bond over time.
Current vs Lagged Prices |
| Timeline |
Danske Lagged Returns
When evaluating Danske's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danske bond have on its future price. Danske 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, Danske autocorrelation shows the relationship between Danske bond current value and its past values and can show if there is a momentum factor associated with investing in Danske Bank AS.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Danske Bond
Danske financial ratios help investors to determine whether Danske Bond 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 Danske with respect to the benefits of owning Danske security.