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Fynske Backtesting

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:3em;padding-top: 40px;;'>FYN</div>
FYNBK -- Denmark Stock  

DKK 65.00  1.00  1.52%

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

Fynske Bank 'What if' Analysis

0.00
12/31/2019
No Change 0.00  0.0 
In 3 months and 1 day
03/30/2020
0.00
If you would invest  0.00  in Fynske Bank on December 31, 2019 and sell it all today you would earn a total of 0.00 from holding Fynske Bank AS or generate 0.0% return on investment in Fynske Bank over 90 days. Fynske Bank is related to or competes with Sydbank AS, and . Fynske Bank AS provides various banking products and services in Denmark

Fynske Bank Upside/Downside Indicators

Information Ratio0.0672
Maximum Drawdown17.06
Value At Risk(3.07)
Potential Upside3.18

Fynske Bank Market Premium Indicators

Risk Adjusted Performance(0.30)
Jensen Alpha(0.15)
Total Risk Alpha0.0343
Treynor Ratio(1.61)

Fynske Bank AS Backtested Returns

Macroaxis considers Fynske Bank to be not too volatile. Fynske Bank AS secures Sharpe Ratio (or Efficiency) of -0.1059, which denotes the organization had -0.1059% 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. Fynske Bank AS exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fynske Bank AS Coefficient Of Variation of (1,286) and Mean Deviation of 1.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1225, which denotes to the fact that as returns on market increase, Fynske Bank returns are expected to increase less than the market. However, during bear market, the loss on holding Fynske Bank will be expected to be smaller as well. Even though it is essential to pay attention to Fynske Bank AS 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. Fynske Bank AS exposes twenty-one different technical indicators, which can help you to evaluate its performance. Fynske Bank AS has an expected return of -0.2926%. Please be advised to confirm Fynske Bank AS Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Fynske Bank AS stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.73) 
correlation synergy

Almost perfect reverse predictability

Fynske Bank AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fynske Bank time series from December 31, 2019 to February 14, 2020 and February 14, 2020 to March 30, 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 Fynske Bank AS price movement. The serial correlation of -0.73 indicates that around 73.0% of current Fynske Bank price fluctuation can be explain by its past prices. Given that Fynske Bank AS has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Fynske Bank for similar time interval.
Correlation Coefficient-0.73
Spearman Rank Test-0.81
Residual Average0.0
Price Variance60.41

Fynske Bank AS lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Fynske Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Fynske Bank Lagged Returns

 Regressed Prices 
    
  Timeline 

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Please check Fynske Bank Hype Analysis, Fynske Bank Correlation, Fynske Bank Valuation, Fynske Bank Volatility as well as analyze Fynske Bank Alpha and Beta and Fynske Bank Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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