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Danske Backtesting

DKI
DKIDK -- Denmark Stock  

DKK 140.95  3.10  2.25%

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

Danske Inv 'What if' Analysis

0.00
01/05/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/04/2020
0.00
If you would invest  0.00  in Danske Inv on January 5, 2020 and sell it all today you would earn a total of 0.00 from holding Danske Inv Danmark Klasse DKK or generate 0.0% return on investment in Danske Inv over 90 days. Danske Inv is related to or competes with DSV Panalpina, Genmab AS, and Sydbank AS.

Danske Inv Upside/Downside Indicators

Information Ratio0.009
Maximum Drawdown28.29
Value At Risk(13.43)
Potential Upside5.23

Danske Inv Market Premium Indicators

Risk Adjusted Performance(0.23)
Jensen Alpha(0.57)
Total Risk Alpha0.2587
Treynor Ratio0.7059

Danske Inv Danmark Backtested Returns

Macroaxis considers Danske Inv to be not too volatile. Danske Inv Danmark secures Sharpe Ratio (or Efficiency) of -0.1802, which denotes the organization had -0.1802% of return per unit of risk over the last 3 months. Macroaxis philosophy towards 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. Danske Inv Danmark Klasse DKK exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Danske Inv Danmark Mean Deviation of 3.44 and Coefficient Of Variation of (1,637) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5115, which denotes to the fact that as returns on market increase, returns on owning Danske Inv are expected to decrease at a much smaller rate. During bear market, Danske Inv is likely to outperform the market. Even though it is essential to pay attention to Danske Inv Danmark historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Danske Inv Danmark Klasse DKK exposes twenty-one different technical indicators, which can help you to evaluate its performance. Danske Inv Danmark has an expected return of -1.2321%. Please be advised to confirm Danske Inv Danmark Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Danske Inv Danmark stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.06 
correlation synergy

Virtually no predictability

Danske Inv Danmark Klasse DKK has virtually no predictability. Overlapping area represents the amount of predictability between Danske Inv time series from 5th of January 2020 to 19th of February 2020 and 19th of February 2020 to 4th 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 Danske Inv Danmark price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Danske Inv price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.2
Residual Average0.0
Price Variance140.24

Danske Inv Danmark lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Danske Inv regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Danske Inv Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - DKIDK

Danske Inv Danmark Investor Sentiment

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

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Danske Inv 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 Danske Inv Hype Analysis, Danske Inv Correlation, Danske Inv Valuation, Danske Inv Volatility as well as analyze Danske Inv Alpha and Beta and Danske Inv Performance. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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