Danske Bank Current Asset vs. Current Valuation
| DNKEY Stock | USD 13.94 0.58 3.99% |
For Danske Bank profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Danske Bank to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Danske Bank AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Danske Bank's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Danske Bank AS over time as well as its relative position and ranking within its peers.
Danske |
Danske Bank AS Current Valuation vs. Current Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Danske Bank's current stock value. Our valuation model uses many indicators to compare Danske Bank value to that of its competitors to determine the firm's financial worth. Danske Bank AS is one of the top stocks in current asset category among related companies. It is rated as one of the top companies in current valuation category among related companies reporting about 0.87 of Current Valuation per Current Asset. The ratio of Current Asset to Current Valuation for Danske Bank AS is roughly 1.15 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Danske Bank by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Danske Bank's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Danske Bank's earnings, one of the primary drivers of an investment's value.Danske Current Valuation vs. Current Asset
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Danske Bank |
| = | 1.08 T |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Danske Bank |
| = | 937.68 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Danske Current Valuation vs Competition
Danske Bank AS is rated as one of the top companies in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Financials industry is currently estimated at about 938.63 Billion. Danske Bank totals roughly 937.68 Billion in current valuation claiming about 100% of equities under Financials industry.
Danske Bank Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Danske Bank, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Danske Bank will eventually generate negative long term returns. The profitability progress is the general direction of Danske Bank's change in net profit over the period of time. It can combine multiple indicators of Danske Bank, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Danske Bank AS provides various banking products and services to corporate, institutional, and international clients. Danske Bank AS was founded in 1871 and is headquartered in Copenhagen, Denmark. DANSKE BANK operates under BanksRegional classification in the United States and is traded on OTC Exchange. It employs 21663 people.
Danske Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Danske Bank. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Danske Bank position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Danske Bank's important profitability drivers and their relationship over time.
Use Danske Bank in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danske Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danske Bank will appreciate offsetting losses from the drop in the long position's value.Danske Bank Pair Trading
Danske Bank AS Pair Trading Analysis
The ability to find closely correlated positions to Danske Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danske Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danske Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danske Bank AS to buy it.
The correlation of Danske Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danske Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danske Bank AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Danske Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Danske Bank position
In addition to having Danske Bank in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Market ETFs Thematic Idea Now
Broad Market ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Market ETFs theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Market ETFs Theme or any other thematic opportunities.
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Check out Investing Opportunities. Note that the Danske Bank AS information on this page should be used as a complementary analysis to other Danske Bank'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Danske Pink Sheet analysis
When running Danske Bank's price analysis, check to measure Danske 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 Danske Bank is operating at the current time. Most of Danske Bank's value examination focuses on studying past and present price action to predict the probability of Danske 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 Danske Bank's price. Additionally, you may evaluate how the addition of Danske Bank to your portfolios can decrease your overall portfolio volatility.
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To fully project Danske Bank's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Danske Bank AS at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Danske Bank's income statement, its balance sheet, and the statement of cash flows.