Danish Aerospace (Denmark) Market Value
| DAC Stock | DKK 3.20 0.20 5.88% |
| Symbol | Danish |
Danish Aerospace '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 Danish Aerospace'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 Danish Aerospace.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Danish Aerospace on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Danish Aerospace or generate 0.0% return on investment in Danish Aerospace over 720 days. Danish Aerospace is related to or competes with BioPorto, CBrain AS, Orphazyme, North Media, and Zealand Pharma. Danish Aerospace Company AS designs, develops, and manufactures medical monitoring and exercise equipment worldwide More
Danish Aerospace 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 Danish Aerospace'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 Danish Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.39 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 24.87 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 8.57 |
Danish Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danish Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danish Aerospace's standard deviation. In reality, there are many statistical measures that can use Danish Aerospace historical prices to predict the future Danish Aerospace's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1485 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danish Aerospace'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.
Danish Aerospace Backtested Returns
Danish Aerospace secures Sharpe Ratio (or Efficiency) of -0.0085, which denotes the company had a -0.0085% return per unit of risk over the last 3 months. Danish Aerospace exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danish Aerospace's Downside Deviation of 5.39, mean deviation of 3.59, and Coefficient Of Variation of 7915.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Danish Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danish Aerospace is expected to be smaller as well. Danish Aerospace has an expected return of -0.0398%. Please make sure to confirm Danish Aerospace information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Danish Aerospace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Danish Aerospace has average predictability. Overlapping area represents the amount of predictability between Danish Aerospace time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Danish Aerospace price movement. The serial correlation of 0.49 indicates that about 49.0% of current Danish Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Danish Aerospace lagged returns against current returns
Autocorrelation, which is Danish Aerospace 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 Danish Aerospace's stock expected returns. We can calculate the autocorrelation of Danish Aerospace returns to help us make a trade decision. For example, suppose you find that Danish Aerospace 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 |
Danish Aerospace 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 Danish Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danish Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danish Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Danish Aerospace Lagged Returns
When evaluating Danish Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danish Aerospace stock have on its future price. Danish Aerospace 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, Danish Aerospace autocorrelation shows the relationship between Danish Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Danish Aerospace.
Regressed Prices |
| Timeline |
Pair Trading with Danish Aerospace
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 Danish Aerospace 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 Danish Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving against Danish Stock
| 0.49 | ALK-B | ALK Abell AS | PairCorr |
| 0.41 | NOVO-B | Novo Nordisk AS | PairCorr |
The ability to find closely correlated positions to Danish Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danish Aerospace 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 Danish Aerospace - 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 Danish Aerospace to buy it.
The correlation of Danish Aerospace 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 Danish Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danish Aerospace 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 Danish Aerospace 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 Danish Aerospace Correlation, Danish Aerospace Volatility and Danish Aerospace Alpha and Beta module to complement your research on Danish Aerospace. Note that the Danish Aerospace information on this page should be used as a complementary analysis to other Danish Aerospace's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Danish Stock analysis
When running Danish Aerospace's price analysis, check to measure Danish Aerospace'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 Danish Aerospace is operating at the current time. Most of Danish Aerospace's value examination focuses on studying past and present price action to predict the probability of Danish Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danish Aerospace's price. Additionally, you may evaluate how the addition of Danish Aerospace to your portfolios can decrease your overall portfolio volatility.
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Danish Aerospace 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.