C WorldWide (Denmark) Market Value
| CWIEMMKL | DKK 317.80 1.60 0.51% |
| Symbol | CWIEMMKL |
Please note, there is a significant difference between C WorldWide's value and its price as these two are different measures arrived at by different means. Investors typically determine if C WorldWide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, C WorldWide'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.
C WorldWide '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 C WorldWide'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 C WorldWide.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in C WorldWide on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding C WorldWide Emerging or generate 0.0% return on investment in C WorldWide over 30 days. C WorldWide is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. C WorldWide Emerging Markets KL is an open ended equity fund of funds launched by Carnegie Kapitalforvaltning AS More
C WorldWide 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 C WorldWide'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 C WorldWide Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8469 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.31 |
C WorldWide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for C WorldWide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C WorldWide's standard deviation. In reality, there are many statistical measures that can use C WorldWide historical prices to predict the future C WorldWide's volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.046 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3222 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of C WorldWide'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.
C WorldWide Emerging Backtested Returns
We consider C WorldWide very steady. C WorldWide Emerging secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for C WorldWide Emerging, which you can use to evaluate the volatility of the entity. Please confirm C WorldWide's Market Risk Adjusted Performance of 0.3322, mean deviation of 0.5207, and Coefficient Of Variation of 1039.44 to double-check if the risk estimate we provide is consistent with the expected return of 0.0737%. C WorldWide has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, C WorldWide's returns are expected to increase less than the market. However, during the bear market, the loss of holding C WorldWide is expected to be smaller as well. C WorldWide Emerging today shows a risk of 0.73%. Please confirm C WorldWide Emerging expected short fall, and the relationship between the value at risk and rate of daily change , to decide if C WorldWide Emerging will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
C WorldWide Emerging has insignificant reverse predictability. Overlapping area represents the amount of predictability between C WorldWide time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 C WorldWide Emerging price movement. The serial correlation of -0.15 indicates that less than 15.0% of current C WorldWide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 12.03 |
C WorldWide Emerging lagged returns against current returns
Autocorrelation, which is C WorldWide 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 C WorldWide's stock expected returns. We can calculate the autocorrelation of C WorldWide returns to help us make a trade decision. For example, suppose you find that C WorldWide 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 |
C WorldWide 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 C WorldWide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C WorldWide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C WorldWide stock over time.
Current vs Lagged Prices |
| Timeline |
C WorldWide Lagged Returns
When evaluating C WorldWide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C WorldWide stock have on its future price. C WorldWide 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, C WorldWide autocorrelation shows the relationship between C WorldWide stock current value and its past values and can show if there is a momentum factor associated with investing in C WorldWide Emerging.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards C WorldWide in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, C WorldWide's short interest history, or implied volatility extrapolated from C WorldWide options trading.
Pair Trading with C WorldWide
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 C WorldWide 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 C WorldWide will appreciate offsetting losses from the drop in the long position's value.Moving together with CWIEMMKL Stock
| 0.84 | NOVO-B | Novo Nordisk AS | PairCorr |
Moving against CWIEMMKL Stock
| 0.87 | MAERSK-B | AP Mller | PairCorr |
| 0.83 | SPENN | SPENN Technology | PairCorr |
| 0.82 | MAERSK-A | AP Mller | PairCorr |
| 0.7 | DSV | DSV Panalpina AS Earnings Call Tomorrow | PairCorr |
| 0.48 | VWS | Vestas Wind Systems | PairCorr |
The ability to find closely correlated positions to C WorldWide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace C WorldWide 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 C WorldWide - 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 C WorldWide Emerging to buy it.
The correlation of C WorldWide 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 C WorldWide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if C WorldWide Emerging 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 C WorldWide 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 C WorldWide Correlation, C WorldWide Volatility and C WorldWide Alpha and Beta module to complement your research on C WorldWide. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for CWIEMMKL Stock analysis
When running C WorldWide's price analysis, check to measure C WorldWide'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 C WorldWide is operating at the current time. Most of C WorldWide's value examination focuses on studying past and present price action to predict the probability of C WorldWide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move C WorldWide's price. Additionally, you may evaluate how the addition of C WorldWide to your portfolios can decrease your overall portfolio volatility.
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C WorldWide 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.