DANSKE OTC Stock Volatility

DNKEY -  USA Stock  

USD 8.16  0.11  1.37%

DANSKE BANK AS secures Sharpe Ratio (or Efficiency) of -0.0988, which denotes the company had -0.0988% of return per unit of risk over the last 3 months. Macroaxis approach towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. DANSKE BANK AS exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DANSKE BANK AS mean deviation of 1.22 to check the risk estimate we provide.

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DANSKE BANK OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of DANSKE daily returns, and it is calculated using variance and standard deviation. We also use DANSKE's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of DANSKE BANK volatility.

420 Days Market Risk

Not too volatile

Chance of Distress

Close to Average

420 Days Economic Sensitivity

Responds to the market

DANSKE BANK Market Sensitivity And Downside Risk

DANSKE BANK's beta coefficient measures the volatility of DANSKE otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents DANSKE otc stock's returns against your selected market. In other words, DANSKE BANK's beta of 1.24 provides an investor with an approximation of how much risk DANSKE BANK otc stock can potentially add to one of your existing portfolios.
Let's try to break down what DANSKE's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DANSKE BANK will likely underperform.
3 Months Beta |Analyze DANSKE BANK AS Demand Trend
Check current 90 days DANSKE BANK correlation with market (DOW)

DANSKE Beta

    
  1.24  
DANSKE standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.78  
It is essential to understand the difference between upside risk (as represented by DANSKE BANK's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of DANSKE BANK stock's daily returns or price. Since the actual investment returns on holding a position in DANSKE BANK stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in DANSKE BANK.

DANSKE BANK AS OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. DANSKE BANK AS Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

DANSKE BANK Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 1.2445 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, DANSKE BANK will likely underperform.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to DANSKE BANK or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that DANSKE BANK stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a DANSKE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. DANSKE BANK AS is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

DANSKE BANK OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to DANSKE BANK or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that DANSKE BANK stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a DANSKE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of DANSKE BANK is -1012.13. The daily returns are distributed with a variance of 3.17 and standard deviation of 1.78. The mean deviation of DANSKE BANK AS is currently at 1.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.67
α
Alpha over DOW
-0.18
β
Beta against DOW1.24
σ
Overall volatility
1.78
Ir
Information ratio -0.1

DANSKE BANK OTC Stock Return Volatility

DANSKE BANK historical daily return volatility represents how much DANSKE BANK stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company shows 1.7812% volatility of returns over 90 . By contrast, DOW inherits 0.6694% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About DANSKE BANK Volatility

Volatility is a rate at which the price of DANSKE BANK or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of DANSKE BANK may increase or decrease. In other words, similar to DANSKE's beta indicator, it measures the risk of DANSKE BANK and helps estimate the fluctuations that may happen in a short period of time. So if prices of DANSKE BANK fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Danske Bank AS provides various banking products and services to small and medium-sized businesses, corporate, institutional, and personal customers. Danske Bank AS was founded in 1871 and is headquartered in Copenhagen, Denmark. DANSKE BANK is traded on OTC Exchange in the United States.

DANSKE BANK Investment Opportunity

DANSKE BANK AS has a volatility of 1.78 and is 2.66 times more volatile than DOW. 15  of all equities and portfolios are less risky than DANSKE BANK. Compared to the overall equity markets, volatility of historical daily returns of DANSKE BANK AS is lower than 15 () of all global equities and portfolios over the last 90 days. Use DANSKE BANK AS to enhance returns of your portfolios. The otc stock experiences a large bullish trend. Check odds of DANSKE BANK to be traded at $8.98 in 90 days. . Let's try to break down what DANSKE's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DANSKE BANK will likely underperform.

Very weak diversification

The correlation between DANSKE BANK AS and DJI is Very weak diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DANSKE BANK AS and DJI in the same portfolio assuming nothing else is changed.

DANSKE BANK Additional Risk Indicators

The analysis of DANSKE BANK's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in DANSKE BANK's investment and either accepting that risk or mitigating it. Along with some common measures of DANSKE BANK stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.05)
Market Risk Adjusted Performance(0.12)
Mean Deviation1.22
Coefficient Of Variation(1,124)
Standard Deviation1.74
Variance3.04
Information Ratio(0.10)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

DANSKE BANK Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against DANSKE BANK as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. DANSKE BANK's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, DANSKE BANK's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to DANSKE BANK AS.
Continue to 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running DANSKE BANK AS 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 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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The market value of DANSKE BANK AS is measured differently than its book value, which is the value of DANSKE that is recorded on the company's balance sheet. Investors also form their own opinion of DANSKE BANK's value that differs from its market value or its book value, called intrinsic value, which is DANSKE BANK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DANSKE BANK's market value can be influenced by many factors that don't directly affect DANSKE BANK AS underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DANSKE BANK's value and its price as these two are different measures arrived at by different means. Investors typically determine DANSKE BANK value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DANSKE BANK'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.