Conferize (Denmark) Market Value
| CONFRZ Stock | DKK 0.02 0 5.26% |
| Symbol | Conferize |
Conferize '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 Conferize'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 Conferize.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Conferize on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Conferize AS or generate 0.0% return on investment in Conferize over 720 days. Conferize is related to or competes with CBrain AS, BioPorto, and GomSpace Group. Conferize AS develops an online software solution for event and conference market More
Conferize 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 Conferize'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 Conferize AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 34.66 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 13.16 |
Conferize Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conferize's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conferize's standard deviation. In reality, there are many statistical measures that can use Conferize historical prices to predict the future Conferize's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (4.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conferize'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.
Conferize AS Backtested Returns
Conferize AS secures Sharpe Ratio (or Efficiency) of -0.0036, which signifies that the company had a -0.0036% return per unit of risk over the last 3 months. Conferize AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conferize's Standard Deviation of 6.94, risk adjusted performance of (0.01), and Mean Deviation of 4.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0654, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Conferize's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conferize is expected to be smaller as well. Conferize AS has an expected return of -0.0247%. Please make sure to confirm Conferize AS potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Conferize AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Conferize AS has excellent predictability. Overlapping area represents the amount of predictability between Conferize time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Conferize AS price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Conferize price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conferize AS lagged returns against current returns
Autocorrelation, which is Conferize 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 Conferize's stock expected returns. We can calculate the autocorrelation of Conferize returns to help us make a trade decision. For example, suppose you find that Conferize 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 |
Conferize 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 Conferize stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conferize stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conferize stock over time.
Current vs Lagged Prices |
| Timeline |
Conferize Lagged Returns
When evaluating Conferize's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conferize stock have on its future price. Conferize 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, Conferize autocorrelation shows the relationship between Conferize stock current value and its past values and can show if there is a momentum factor associated with investing in Conferize AS.
Regressed Prices |
| Timeline |
Pair Trading with Conferize
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 Conferize 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 Conferize will appreciate offsetting losses from the drop in the long position's value.Moving against Conferize Stock
| 0.65 | CARL-B | Carlsberg AS Earnings Call This Week | PairCorr |
| 0.48 | ACT | DecideAct AS | PairCorr |
| 0.42 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to Conferize could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conferize 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 Conferize - 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 Conferize AS to buy it.
The correlation of Conferize 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 Conferize moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conferize 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 Conferize 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.Check out Conferize Correlation, Conferize Volatility and Conferize Alpha and Beta module to complement your research on Conferize. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Conferize Stock analysis
When running Conferize's price analysis, check to measure Conferize's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Conferize is operating at the current time. Most of Conferize's value examination focuses on studying past and present price action to predict the probability of Conferize's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conferize's price. Additionally, you may evaluate how the addition of Conferize to your portfolios can decrease your overall portfolio volatility.
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Conferize technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.