Ringkjoebing Landbobank (Denmark) Market Value
RILBA Stock | DKK 1,104 11.00 0.93% |
Symbol | Ringkjoebing |
Ringkjoebing Landbobank '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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank.
09/25/2022 |
| 03/18/2024 |
If you would invest 0.00 in Ringkjoebing Landbobank on September 25, 2022 and sell it all today you would earn a total of 0.00 from holding Ringkjoebing Landbobank AS or generate 0.0% return on investment in Ringkjoebing Landbobank over 540 days. Ringkjoebing Landbobank is related to or competes with Kreditbanken, TROPHY GAMES, Danske Andelskassers, and Vestjysk Bank. Ringkjbing Landbobank AS provides various banking products and services in Denmark More
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank'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 Ringkjoebing Landbobank AS upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.0 | |||
Information Ratio | 0.1803 | |||
Maximum Drawdown | 5.34 | |||
Value At Risk | (1.55) | |||
Potential Upside | 2.16 |
Ringkjoebing Landbobank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ringkjoebing Landbobank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ringkjoebing Landbobank's standard deviation. In reality, there are many statistical measures that can use Ringkjoebing Landbobank historical prices to predict the future Ringkjoebing Landbobank's volatility.Risk Adjusted Performance | 0.1965 | |||
Jensen Alpha | 0.3288 | |||
Total Risk Alpha | 0.0973 | |||
Sortino Ratio | 0.2101 | |||
Treynor Ratio | 3.04 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Ringkjoebing Landbobank'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. Please use the tools below to analyze the current value of Ringkjoebing Landbobank in the context of predictive analytics.
Ringkjoebing Landbobank Backtested Returns
Ringkjoebing Landbobank appears to be very steady, given 3 months investment horizon. Ringkjoebing Landbobank maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the firm had 0.3% return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for Ringkjoebing Landbobank, which you can use to evaluate the future volatility of the company. Please evaluate Ringkjoebing Landbobank's Coefficient Of Variation of 329.43, risk adjusted performance of 0.1965, and Semi Deviation of 0.5645 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ringkjoebing Landbobank holds a performance score of 23. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ringkjoebing Landbobank returns are expected to increase less than the market. However, during the bear market, the loss on holding Ringkjoebing Landbobank will be expected to be smaller as well. Although it is vital to follow Ringkjoebing Landbobank current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. Please employ Ringkjoebing Landbobank sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to make a quick decision on whether Ringkjoebing Landbobank historical price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Ringkjoebing Landbobank AS has virtually no predictability. Overlapping area represents the amount of predictability between Ringkjoebing Landbobank time series from 25th of September 2022 to 22nd of June 2023 and 22nd of June 2023 to 18th of March 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 Ringkjoebing Landbobank price movement. The serial correlation of 0.03 indicates that only 3.0% of current Ringkjoebing Landbobank price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.03 | |
Spearman Rank Test | 0.16 | |
Residual Average | 0.0 | |
Price Variance | 5063.04 |
Ringkjoebing Landbobank lagged returns against current returns
Autocorrelation, which is Ringkjoebing Landbobank 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 Ringkjoebing Landbobank's stock expected returns. We can calculate the autocorrelation of Ringkjoebing Landbobank returns to help us make a trade decision. For example, suppose you find that Ringkjoebing Landbobank stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Ringkjoebing Landbobank 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 Ringkjoebing Landbobank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ringkjoebing Landbobank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ringkjoebing Landbobank stock over time.
Current vs Lagged Prices |
Timeline |
Ringkjoebing Landbobank Lagged Returns
When evaluating Ringkjoebing Landbobank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ringkjoebing Landbobank stock have on its future price. Ringkjoebing Landbobank 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, Ringkjoebing Landbobank autocorrelation shows the relationship between Ringkjoebing Landbobank stock current value and its past values and can show if there is a momentum factor associated with investing in Ringkjoebing Landbobank AS.
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 Ringkjoebing Landbobank 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, Ringkjoebing Landbobank's short interest history, or implied volatility extrapolated from Ringkjoebing Landbobank options trading.
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Check out Ringkjoebing Landbobank Correlation, Ringkjoebing Landbobank Volatility and Ringkjoebing Landbobank Alpha and Beta module to complement your research on Ringkjoebing Landbobank. Note that the Ringkjoebing Landbobank information on this page should be used as a complementary analysis to other Ringkjoebing Landbobank'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Ringkjoebing Stock analysis
When running Ringkjoebing Landbobank's price analysis, check to measure Ringkjoebing Landbobank'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 Ringkjoebing Landbobank is operating at the current time. Most of Ringkjoebing Landbobank's value examination focuses on studying past and present price action to predict the probability of Ringkjoebing Landbobank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringkjoebing Landbobank's price. Additionally, you may evaluate how the addition of Ringkjoebing Landbobank to your portfolios can decrease your overall portfolio volatility.
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Ringkjoebing Landbobank 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.