DKINVO (Denmark) Market Value
| DKINVO Stock | DKK 113.35 0.25 0.22% |
| Symbol | DKINVO |
Please note, there is a significant difference between DKINVO's value and its price as these two are different measures arrived at by different means. Investors typically determine if DKINVO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DKINVO'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.
DKINVO '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 DKINVO'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 DKINVO.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in DKINVO on May 4, 2022 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 DKINVO over 720 days. DKINVO is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
DKINVO 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 DKINVO'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.
| Downside Deviation | 0.1083 | |||
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.7713 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1939 |
DKINVO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DKINVO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DKINVO's standard deviation. In reality, there are many statistical measures that can use DKINVO historical prices to predict the future DKINVO's volatility.| Risk Adjusted Performance | 0.0255 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DKINVO'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
We consider DKINVO very steady. Investeringsforeningen secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Investeringsforeningen Danske Invest, which you can use to evaluate the volatility of the firm. Please confirm DKINVO's Downside Deviation of 0.1083, mean deviation of 0.0785, and Standard Deviation of 0.1118 to check if the risk estimate we provide is consistent with the expected return of 0.0142%. DKINVO has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0413, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DKINVO are expected to decrease at a much lower rate. During the bear market, DKINVO is likely to outperform the market. Investeringsforeningen right now shows a risk of 0.12%. Please confirm Investeringsforeningen sortino ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to decide if Investeringsforeningen will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Investeringsforeningen Danske Invest has virtually no predictability. Overlapping area represents the amount of predictability between DKINVO time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 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 Investeringsforeningen price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current DKINVO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is DKINVO 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 DKINVO's stock expected returns. We can calculate the autocorrelation of DKINVO returns to help us make a trade decision. For example, suppose you find that DKINVO 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 |
DKINVO 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 DKINVO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DKINVO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DKINVO stock over time.
Current vs Lagged Prices |
| Timeline |
DKINVO Lagged Returns
When evaluating DKINVO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DKINVO stock have on its future price. DKINVO 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, DKINVO autocorrelation shows the relationship between DKINVO 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 DKINVO 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, DKINVO's short interest history, or implied volatility extrapolated from DKINVO options trading.
Pair Trading with DKINVO
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 DKINVO 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 DKINVO will appreciate offsetting losses from the drop in the long position's value.Moving together with DKINVO Stock
| 0.69 | NOVO-B | Novo Nordisk AS | PairCorr |
Moving against DKINVO Stock
| 0.7 | MAERSK-B | AP Mller | PairCorr |
| 0.66 | SPENN | SPENN Technology | PairCorr |
| 0.61 | MAERSK-A | AP Mller | PairCorr |
| 0.5 | DSV | DSV Panalpina AS Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to DKINVO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DKINVO 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 DKINVO - 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 DKINVO 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 DKINVO 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 DKINVO 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 DKINVO Correlation, DKINVO Volatility and DKINVO Alpha and Beta module to complement your research on DKINVO. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for DKINVO Stock analysis
When running DKINVO's price analysis, check to measure DKINVO'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 DKINVO is operating at the current time. Most of DKINVO's value examination focuses on studying past and present price action to predict the probability of DKINVO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DKINVO's price. Additionally, you may evaluate how the addition of DKINVO to your portfolios can decrease your overall portfolio volatility.
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DKINVO 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.