Formuepleje Globale (Denmark) Market Value
| FPIGAA Stock | DKK 143.45 0.55 0.38% |
| Symbol | Formuepleje |
Please note, there is a significant difference between Formuepleje Globale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Formuepleje Globale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formuepleje Globale'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.
Formuepleje Globale '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 Formuepleje Globale'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 Formuepleje Globale.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Formuepleje Globale on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Formuepleje Globale Aktier or generate 0.0% return on investment in Formuepleje Globale over 60 days. Formuepleje Globale is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Formuepleje Globale 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 Formuepleje Globale'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 Formuepleje Globale Aktier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6324 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.9543 |
Formuepleje Globale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formuepleje Globale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formuepleje Globale's standard deviation. In reality, there are many statistical measures that can use Formuepleje Globale historical prices to predict the future Formuepleje Globale's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.0723 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (14.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Formuepleje Globale'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.
Formuepleje Globale Backtested Returns
We consider Formuepleje Globale very steady. Formuepleje Globale secures Sharpe Ratio (or Efficiency) of 0.0952, which denotes the company had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formuepleje Globale Aktier, which you can use to evaluate the volatility of the firm. Please confirm Formuepleje Globale's Downside Deviation of 0.6324, mean deviation of 0.4302, and Coefficient Of Variation of 703.12 to check if the risk estimate we provide is consistent with the expected return of 0.0528%. Formuepleje Globale has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0048, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formuepleje Globale are expected to decrease at a much lower rate. During the bear market, Formuepleje Globale is likely to outperform the market. Formuepleje Globale right now shows a risk of 0.55%. Please confirm Formuepleje Globale sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Formuepleje Globale will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Formuepleje Globale Aktier has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Formuepleje Globale time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 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 Formuepleje Globale price movement. The serial correlation of -0.75 indicates that around 75.0% of current Formuepleje Globale price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Formuepleje Globale lagged returns against current returns
Autocorrelation, which is Formuepleje Globale 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 Formuepleje Globale's stock expected returns. We can calculate the autocorrelation of Formuepleje Globale returns to help us make a trade decision. For example, suppose you find that Formuepleje Globale 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 |
Formuepleje Globale 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 Formuepleje Globale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formuepleje Globale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formuepleje Globale stock over time.
Current vs Lagged Prices |
| Timeline |
Formuepleje Globale Lagged Returns
When evaluating Formuepleje Globale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formuepleje Globale stock have on its future price. Formuepleje Globale 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, Formuepleje Globale autocorrelation shows the relationship between Formuepleje Globale stock current value and its past values and can show if there is a momentum factor associated with investing in Formuepleje Globale Aktier.
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 Formuepleje Globale 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, Formuepleje Globale's short interest history, or implied volatility extrapolated from Formuepleje Globale options trading.
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Try AI Portfolio ArchitectCheck out Formuepleje Globale Correlation, Formuepleje Globale Volatility and Formuepleje Globale Alpha and Beta module to complement your research on Formuepleje Globale. Note that the Formuepleje Globale information on this page should be used as a complementary analysis to other Formuepleje Globale'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Formuepleje Stock analysis
When running Formuepleje Globale's price analysis, check to measure Formuepleje Globale'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 Formuepleje Globale is operating at the current time. Most of Formuepleje Globale's value examination focuses on studying past and present price action to predict the probability of Formuepleje Globale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formuepleje Globale's price. Additionally, you may evaluate how the addition of Formuepleje Globale to your portfolios can decrease your overall portfolio volatility.
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Formuepleje Globale 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.