DKIDIO (Denmark) Market Value
| DKIDIO Stock | DKK 81.46 0.31 0.38% |
| Symbol | DKIDIO |
Please note, there is a significant difference between DKIDIO's value and its price as these two are different measures arrived at by different means. Investors typically determine if DKIDIO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DKIDIO'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.
DKIDIO '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 DKIDIO'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 DKIDIO.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in DKIDIO on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Investeringsforeningen Danske Invest or generate 0.0% return on investment in DKIDIO over 30 days. DKIDIO is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
DKIDIO 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 DKIDIO'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 Investeringsforeningen Danske Invest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4575 |
DKIDIO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DKIDIO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DKIDIO's standard deviation. In reality, there are many statistical measures that can use DKIDIO historical prices to predict the future DKIDIO's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DKIDIO'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.
Investeringsforeningen Backtested Returns
Investeringsforeningen secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Investeringsforeningen Danske Invest exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DKIDIO's Variance of 0.2833, coefficient of variation of (855.07), and Mean Deviation of 0.2832 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0493, which means not very significant fluctuations relative to the market. As returns on the market increase, DKIDIO's returns are expected to increase less than the market. However, during the bear market, the loss of holding DKIDIO is expected to be smaller as well. Investeringsforeningen has an expected return of -0.0786%. Please make sure to confirm Investeringsforeningen skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Investeringsforeningen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Investeringsforeningen Danske Invest has below average predictability. Overlapping area represents the amount of predictability between DKIDIO time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Investeringsforeningen price movement. The serial correlation of 0.39 indicates that just about 39.0% of current DKIDIO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is DKIDIO 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 DKIDIO's stock expected returns. We can calculate the autocorrelation of DKIDIO returns to help us make a trade decision. For example, suppose you find that DKIDIO 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 |
DKIDIO 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 DKIDIO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DKIDIO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DKIDIO stock over time.
Current vs Lagged Prices |
| Timeline |
DKIDIO Lagged Returns
When evaluating DKIDIO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DKIDIO stock have on its future price. DKIDIO 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, DKIDIO autocorrelation shows the relationship between DKIDIO stock current value and its past values and can show if there is a momentum factor associated with investing in Investeringsforeningen Danske Invest.
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 DKIDIO 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, DKIDIO's short interest history, or implied volatility extrapolated from DKIDIO options trading.
Pair Trading with DKIDIO
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 DKIDIO 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 DKIDIO will appreciate offsetting losses from the drop in the long position's value.Moving together with DKIDIO Stock
| 0.63 | DSV | DSV Panalpina AS | PairCorr |
| 0.62 | MAERSK-B | AP Mller Earnings Call This Week | PairCorr |
| 0.64 | MAERSK-A | AP Mller | PairCorr |
Moving against DKIDIO Stock
| 0.69 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.69 | CARL-B | Carlsberg AS Earnings Call This Week | PairCorr |
| 0.66 | DKINYM | Investeringsforeningen | PairCorr |
| 0.63 | COLO-B | Coloplast AS | PairCorr |
The ability to find closely correlated positions to DKIDIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DKIDIO 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 DKIDIO - 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 Investeringsforeningen Danske Invest to buy it.
The correlation of DKIDIO 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 DKIDIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investeringsforeningen 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 DKIDIO 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 DKIDIO Correlation, DKIDIO Volatility and DKIDIO Alpha and Beta module to complement your research on DKIDIO. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for DKIDIO Stock analysis
When running DKIDIO's price analysis, check to measure DKIDIO'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 DKIDIO is operating at the current time. Most of DKIDIO's value examination focuses on studying past and present price action to predict the probability of DKIDIO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DKIDIO's price. Additionally, you may evaluate how the addition of DKIDIO to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
DKIDIO 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.