Skjern Bank (Denmark) Market Value
| SKJE Stock | DKK 177.50 2.50 1.43% |
| Symbol | Skjern |
Skjern 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 Skjern 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 Skjern Bank.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Skjern Bank on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Skjern Bank AS or generate 0.0% return on investment in Skjern Bank over 30 days. Skjern Bank is related to or competes with North Media, Ringkjoebing Landbobank, FOM Technologies, Kreditbanken, Nordea Bank, and Moens Bank. Skjern Bank AS provides financial services to private customers, business and institutional customers, and public compan... More
Skjern 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 Skjern 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 Skjern Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0417 | |||
| Maximum Drawdown | 7.17 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 2.39 |
Skjern Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skjern Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skjern Bank's standard deviation. In reality, there are many statistical measures that can use Skjern Bank historical prices to predict the future Skjern Bank's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.0859 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0442 | |||
| Treynor Ratio | 0.2165 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skjern 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.
Skjern Bank AS Backtested Returns
We consider Skjern Bank very steady. Skjern Bank AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Skjern Bank AS, which you can use to evaluate the volatility of the company. Please validate Skjern Bank's Semi Deviation of 1.04, coefficient of variation of 928.12, and Risk Adjusted Performance of 0.0726 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Skjern Bank has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skjern Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skjern Bank is expected to be smaller as well. Skjern Bank AS right now has a risk of 1.34%. Please validate Skjern Bank total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Skjern Bank will be following its existing price patterns.
Auto-correlation | 0.62 |
Good predictability
Skjern Bank AS has good predictability. Overlapping area represents the amount of predictability between Skjern Bank time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Skjern Bank AS price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Skjern Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.77 |
Skjern Bank AS lagged returns against current returns
Autocorrelation, which is Skjern 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 Skjern Bank's stock expected returns. We can calculate the autocorrelation of Skjern Bank returns to help us make a trade decision. For example, suppose you find that Skjern 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 |
Skjern 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 Skjern Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skjern Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skjern Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Skjern Bank Lagged Returns
When evaluating Skjern Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skjern Bank stock have on its future price. Skjern 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, Skjern Bank autocorrelation shows the relationship between Skjern Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Skjern Bank AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Skjern Bank Correlation, Skjern Bank Volatility and Skjern Bank Alpha and Beta module to complement your research on Skjern Bank. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Skjern Stock analysis
When running Skjern Bank's price analysis, check to measure Skjern 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 Skjern Bank is operating at the current time. Most of Skjern Bank's value examination focuses on studying past and present price action to predict the probability of Skjern 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 Skjern Bank's price. Additionally, you may evaluate how the addition of Skjern Bank to your portfolios can decrease your overall portfolio volatility.
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Skjern Bank 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.