Hvidbjerg Bank (Denmark) Market Value
HVID Stock | DKK 116.00 1.00 0.87% |
Symbol | Hvidbjerg |
Hvidbjerg Bank '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 Hvidbjerg Bank'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 Hvidbjerg Bank.
04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in Hvidbjerg Bank on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding Hvidbjerg Bank or generate 0.0% return on investment in Hvidbjerg Bank over 30 days. Hvidbjerg Bank is related to or competes with Skjern Bank, Lollands Bank, Djurslands Bank, Nordfyns Bank, and Kreditbanken. Hvidbjerg Bank AS provides various banking products and services to private and business customers in Denmark More
Hvidbjerg Bank 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 Hvidbjerg Bank'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 Hvidbjerg Bank upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.4 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 4.48 | |||
Value At Risk | (1.72) | |||
Potential Upside | 1.75 |
Hvidbjerg Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hvidbjerg Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hvidbjerg Bank's standard deviation. In reality, there are many statistical measures that can use Hvidbjerg Bank historical prices to predict the future Hvidbjerg Bank's volatility.Risk Adjusted Performance | 0.0475 | |||
Jensen Alpha | 0.0375 | |||
Total Risk Alpha | (0.07) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.1958 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hvidbjerg Bank'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.
Hvidbjerg Bank Backtested Returns
We consider Hvidbjerg Bank very steady. Hvidbjerg Bank holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hvidbjerg Bank, which you can use to evaluate the volatility of the firm. Please check out Hvidbjerg Bank's Downside Deviation of 1.4, risk adjusted performance of 0.0475, and Market Risk Adjusted Performance of 0.2058 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Hvidbjerg Bank has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hvidbjerg Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hvidbjerg Bank is expected to be smaller as well. Hvidbjerg Bank right now retains a risk of 0.99%. Please check out Hvidbjerg Bank information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hvidbjerg Bank will be following its current trending patterns.
Auto-correlation | 0.72 |
Good predictability
Hvidbjerg Bank has good predictability. Overlapping area represents the amount of predictability between Hvidbjerg Bank time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th of May 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 Hvidbjerg Bank price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hvidbjerg Bank price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.72 | |
Spearman Rank Test | 0.4 | |
Residual Average | 0.0 | |
Price Variance | 0.56 |
Hvidbjerg Bank lagged returns against current returns
Autocorrelation, which is Hvidbjerg Bank 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 Hvidbjerg Bank's stock expected returns. We can calculate the autocorrelation of Hvidbjerg Bank returns to help us make a trade decision. For example, suppose you find that Hvidbjerg Bank 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 |
Hvidbjerg Bank 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 Hvidbjerg Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hvidbjerg Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hvidbjerg Bank stock over time.
Current vs Lagged Prices |
Timeline |
Hvidbjerg Bank Lagged Returns
When evaluating Hvidbjerg Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hvidbjerg Bank stock have on its future price. Hvidbjerg Bank 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, Hvidbjerg Bank autocorrelation shows the relationship between Hvidbjerg Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Hvidbjerg Bank.
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 Hvidbjerg Bank 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, Hvidbjerg Bank's short interest history, or implied volatility extrapolated from Hvidbjerg Bank options trading.
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Try AI Portfolio ArchitectCheck out Hvidbjerg Bank Correlation, Hvidbjerg Bank Volatility and Hvidbjerg Bank Alpha and Beta module to complement your research on Hvidbjerg Bank. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Hvidbjerg Stock analysis
When running Hvidbjerg Bank's price analysis, check to measure Hvidbjerg Bank'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 Hvidbjerg Bank is operating at the current time. Most of Hvidbjerg Bank's value examination focuses on studying past and present price action to predict the probability of Hvidbjerg Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hvidbjerg Bank's price. Additionally, you may evaluate how the addition of Hvidbjerg Bank to your portfolios can decrease your overall portfolio volatility.
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