Sparindex INDEX (Denmark) Fund
| SPIC25KL | DKK 276.00 1.10 0.40% |
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Sparindex INDEX is selling for 276.00 as of the 23rd of April 2024. This is a 0.40 percent increase since the beginning of the trading day. The fund's last reported lowest price was 272.8. Sparindex INDEX has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Sparindex INDEX OMX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of July 2023 and ending today, the 23rd of April 2024. Click here to learn more.
Sparindex Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Sparindex INDEX's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sparindex INDEX or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Commodities Funds (View all Themes) |
| Fund Concentration | Commodities Funds (View all Sectors) |
Sparindex INDEX OMX [SPIC25KL] is traded in Denmark and was established 23rd of April 2024. The fund is not categorized under any group at this time.
Check Sparindex INDEX Probability Of Bankruptcy
Sparindex INDEX Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Sparindex INDEX jumping above the current price in 90 days from now is about 70.58%. The Sparindex INDEX OMX probability density function shows the probability of Sparindex INDEX fund to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Sparindex INDEX OMX has a beta of -0.05. This usually implies as returns on the benchmark increase, returns on holding Sparindex INDEX are expected to decrease at a much lower rate. During a bear market, however, Sparindex INDEX OMX is likely to outperform the market. Additionally, sparindex INDEX OMX has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Sparindex INDEX to move above the current price in 90 days from now is about 70.58 (This Sparindex INDEX OMX probability density function shows the probability of Sparindex Fund to fall within a particular range of prices over 90 days) .
Sparindex INDEX OMX Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sparindex INDEX market risk premium is the additional return an investor will receive from holding Sparindex INDEX long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sparindex INDEX. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Sparindex INDEX's alpha and beta are two of the key measurements used to evaluate Sparindex INDEX's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6156 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.28 | |||
| Risk Adjusted Performance | (0.03) |
Sparindex INDEX OMX Technical Analysis
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The output start index for this execution was zero with a total number of output elements of sixty-one. Sparindex INDEX OMX Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Sparindex INDEX price patterns.
Sparindex INDEX Against Markets
Picking the right benchmark for Sparindex INDEX fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sparindex INDEX fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sparindex INDEX is critical whether you are bullish or bearish towards Sparindex INDEX OMX at a given time. Please also check how Sparindex INDEX's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sparindex INDEX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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How to buy Sparindex Fund?
Before investing in Sparindex INDEX, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Sparindex INDEX. To buy Sparindex INDEX fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Sparindex INDEX. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Sparindex INDEX fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Sparindex INDEX OMX fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Sparindex INDEX OMX fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Sparindex INDEX OMX, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Sparindex INDEX OMX?
The danger of trading Sparindex INDEX OMX is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sparindex INDEX is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sparindex INDEX. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sparindex INDEX OMX is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sparindex INDEX OMX. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Sparindex INDEX OMX information on this page should be used as a complementary analysis to other Sparindex INDEX'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between Sparindex INDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparindex INDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparindex INDEX'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.