Nykredit Invest (Denmark) Market Value
| NYIDA Stock | DKK 196.50 1.58 0.81% |
| Symbol | Nykredit |
Please note, there is a significant difference between Nykredit Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nykredit Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nykredit Invest'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.
Nykredit Invest '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 Nykredit Invest'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 Nykredit Invest.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Nykredit Invest on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Nykredit Invest Danske or generate 0.0% return on investment in Nykredit Invest over 30 days. Nykredit Invest is related to or competes with Novo Nordisk, Nordea Bank, DSV Panalpina, AP Mller, AP Mller, Orsted AS, and Vestas Wind. More
Nykredit Invest 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 Nykredit Invest'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 Nykredit Invest Danske upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.23 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.03 |
Nykredit Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nykredit Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nykredit Invest's standard deviation. In reality, there are many statistical measures that can use Nykredit Invest historical prices to predict the future Nykredit Invest's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nykredit Invest'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.
Nykredit Invest Danske Backtested Returns
Nykredit Invest Danske has Sharpe Ratio of -0.0527, which conveys that the firm had a -0.0527% return per unit of risk over the last 3 months. Nykredit Invest exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nykredit Invest's Standard Deviation of 1.01, mean deviation of 0.5841, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nykredit Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nykredit Invest is expected to be smaller as well. Nykredit Invest Danske has an expected return of -0.0537%. Please make sure to verify Nykredit Invest Danske maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Nykredit Invest Danske performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Nykredit Invest Danske has good reverse predictability. Overlapping area represents the amount of predictability between Nykredit Invest time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Nykredit Invest Danske price movement. The serial correlation of -0.51 indicates that about 51.0% of current Nykredit Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Nykredit Invest Danske lagged returns against current returns
Autocorrelation, which is Nykredit Invest 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 Nykredit Invest's stock expected returns. We can calculate the autocorrelation of Nykredit Invest returns to help us make a trade decision. For example, suppose you find that Nykredit Invest 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 |
Nykredit Invest 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 Nykredit Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nykredit Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nykredit Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Nykredit Invest Lagged Returns
When evaluating Nykredit Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nykredit Invest stock have on its future price. Nykredit Invest 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, Nykredit Invest autocorrelation shows the relationship between Nykredit Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Nykredit Invest Danske.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Nykredit Invest Correlation, Nykredit Invest Volatility and Nykredit Invest Alpha and Beta module to complement your research on Nykredit Invest. Note that the Nykredit Invest Danske information on this page should be used as a complementary analysis to other Nykredit Invest'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Nykredit Stock analysis
When running Nykredit Invest's price analysis, check to measure Nykredit Invest'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 Nykredit Invest is operating at the current time. Most of Nykredit Invest's value examination focuses on studying past and present price action to predict the probability of Nykredit Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nykredit Invest's price. Additionally, you may evaluate how the addition of Nykredit Invest to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Nykredit Invest 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.