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DFDS AS Backtesting

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DFDS -- Denmark Stock  

DKK 143.00  8.80  5.80%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DFDS AS and determine expected loss or profit from investing in DFDS AS over given investment horizon. Continue to DFDS AS Hype Analysis, DFDS AS Correlation, DFDS AS Valuation, DFDS AS Volatility as well as analyze DFDS AS Alpha and Beta and DFDS AS Performance.
Symbol
Backtest

DFDS AS 'What if' Analysis

0.00
01/04/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/03/2020
0.00
If you would invest  0.00  in DFDS AS on January 4, 2020 and sell it all today you would earn a total of 0.00 from holding DFDS AS or generate 0.0% return on investment in DFDS AS over 90 days. DFDS AS is related to or competes with DSV Panalpina, and . DFDS AS provides ferry shipping services and transport solutions in Europe and Turkey

DFDS AS Upside/Downside Indicators

Information Ratio(0.21)
Maximum Drawdown21.69
Value At Risk(5.95)
Potential Upside2.48

DFDS AS Market Premium Indicators

Risk Adjusted Performance(1.19)
Jensen Alpha(1.14)
Total Risk Alpha(0.76)
Treynor Ratio14.33

DFDS AS Backtested Returns

Macroaxis considers DFDS AS to be very steady. DFDS AS secures Sharpe Ratio (or Efficiency) of -0.3927, which denotes the organization had -0.3927% of return per unit of risk over the last 3 months. Macroaxis approach to predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DFDS AS exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DFDS AS Mean Deviation of 2.15 and Coefficient Of Variation of (319.91) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0772, which denotes to the fact that as returns on market increase, returns on owning DFDS AS are expected to decrease at a much smaller rate. During bear market, DFDS AS is likely to outperform the market. Even though it is essential to pay attention to DFDS AS historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach to predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. DFDS AS exposes twenty-one different technical indicators, which can help you to evaluate its performance. DFDS AS has an expected return of -1.5174%. Please be advised to confirm DFDS AS Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if DFDS AS stock performance from the past will be repeated at some future date.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.94 
correlation synergy

Excellent predictability

DFDS AS has excellent predictability. Overlapping area represents the amount of predictability between DFDS AS time series from 4th of January 2020 to 18th of February 2020 and 18th of February 2020 to 3rd of April 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DFDS AS price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current DFDS AS price fluctuation can be explain by its past prices.
Correlation Coefficient0.94
Spearman Rank Test0.88
Residual Average0.0
Price Variance3142.93

DFDS AS lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

DFDS AS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
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DFDS AS Lagged Returns

 Regressed Prices 
    
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Current Sentiment - DFDS

DFDS AS Investor Sentiment

Most of Macroaxis users are currently bullish on DFDS AS. What is your opinion about investing in DFDS AS? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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DFDS AS Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for DFDS AS and DSV Panalpina AS. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to DFDS AS Hype Analysis, DFDS AS Correlation, DFDS AS Valuation, DFDS AS Volatility as well as analyze DFDS AS Alpha and Beta and DFDS AS Performance. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page