Wealth Invest (Denmark) Market Value
| WEKSTPLSI | DKK 175.00 0.10 0.06% |
| Symbol | Wealth |
Please note, there is a significant difference between Wealth Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wealth Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wealth Invest'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.
Wealth Invest '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 Wealth Invest'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 Wealth Invest.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Wealth Invest on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Wealth Invest AKL or generate 0.0% return on investment in Wealth Invest over 720 days. Wealth Invest is related to or competes with PARKEN Sport, Nordea Bank, and Dataproces Group. More
Wealth Invest 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 Wealth Invest'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 Wealth Invest AKL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.16 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.71 |
Wealth Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealth Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealth Invest's standard deviation. In reality, there are many statistical measures that can use Wealth Invest historical prices to predict the future Wealth Invest's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.0727 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wealth Invest's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wealth Invest AKL Backtested Returns
Wealth Invest AKL shows Sharpe Ratio of -0.12, which attests that the company had a -0.12% return per unit of risk over the last 3 months. Wealth Invest AKL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wealth Invest's Standard Deviation of 1.64, market risk adjusted performance of 0.0827, and Mean Deviation of 1.08 to validate the risk estimate we provide. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wealth Invest are expected to decrease at a much lower rate. During the bear market, Wealth Invest is likely to outperform the market. At this point, Wealth Invest AKL has a negative expected return of -0.19%. Please make sure to check out Wealth Invest's mean deviation, total risk alpha, as well as the relationship between the Total Risk Alpha and rate of daily change , to decide if Wealth Invest AKL performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Wealth Invest AKL has poor reverse predictability. Overlapping area represents the amount of predictability between Wealth Invest time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Wealth Invest AKL price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Wealth Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 16.08 |
Wealth Invest AKL lagged returns against current returns
Autocorrelation, which is Wealth Invest 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 Wealth Invest's stock expected returns. We can calculate the autocorrelation of Wealth Invest returns to help us make a trade decision. For example, suppose you find that Wealth Invest 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 |
Wealth Invest 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 Wealth Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealth Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealth Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Wealth Invest Lagged Returns
When evaluating Wealth Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealth Invest stock have on its future price. Wealth Invest 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, Wealth Invest autocorrelation shows the relationship between Wealth Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Wealth Invest AKL.
Regressed Prices |
| Timeline |
Pair Trading with Wealth Invest
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 Wealth Invest 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 Wealth Invest will appreciate offsetting losses from the drop in the long position's value.Moving against Wealth Stock
The ability to find closely correlated positions to Wealth Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wealth Invest 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 Wealth Invest - 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 Wealth Invest AKL to buy it.
The correlation of Wealth Invest 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 Wealth Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wealth Invest AKL 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 Wealth Invest 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 Wealth Stock
Wealth Invest financial ratios help investors to determine whether Wealth 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 Wealth with respect to the benefits of owning Wealth Invest security.