Danske Bank (Denmark) Price on June 20, 2024
DANSKE Stock | DKK 202.70 1.50 0.75% |
If you're considering investing in Danske Stock, it is important to understand the factors that can impact its price. As of today, the current price of Danske Bank stands at 202.70, as last reported on the 2nd of December, with the highest price reaching 202.70 and the lowest price hitting 200.20 during the day. Danske Bank AS secures Sharpe Ratio (or Efficiency) of -0.0324, which denotes the company had a -0.0324% return per unit of risk over the last 3 months. Danske Bank AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danske Bank's Mean Deviation of 0.8654, standard deviation of 1.12, and Variance of 1.26 to check the risk estimate we provide.
Danske Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Danske |
Sharpe Ratio = -0.0324
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Estimated Market Risk
1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Danske Bank is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Danske Bank by adding Danske Bank to a well-diversified portfolio.
Danske Bank Valuation on June 20, 2024
It is possible to determine the worth of Danske Bank on a given historical date. On June 20, 2024 Danske was worth 199.49 at the beginning of the trading date compared to the closed value of 200.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Danske Bank stock. Still, in general, we apply an absolute valuation method to find Danske Bank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Danske Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Danske Bank's related companies.
Open | High | Low | Close | Volume | |
198.04 | 201.03 | 198.04 | 199.49 | 1,462,611 | |
06/20/2024 | 199.49 | 201.22 | 199.20 | 200.07 | 1,159,127 |
199.78 | 200.45 | 196.78 | 198.14 | 2,293,593 |
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Danske Bank Trading Date Momentum on June 20, 2024
On June 21 2024 Danske Bank AS was traded for 198.14 at the closing time. The highest price during the trading period was 200.45 and the lowest recorded bid was listed for 196.78 . The volume for the day was 2.3 M. This history from June 21, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.96% . The overall trading delta to the current price is 1.06% . |
Danske Bank AS Fundamentals Correlations and Trends
By evaluating Danske Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Danske Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Danske financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Danske Bank Stock history
Danske Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Danske is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Danske Bank AS will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Danske Bank stock prices may prove useful in developing a viable investing in Danske Bank
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 operates under Banking classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 21978 people.
Danske Bank Stock Technical Analysis
Danske 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.
Price Boundaries
Danske Bank Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Danske Bank AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Danske Bank December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Danske Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Danske Bank shares will generate the highest return on investment. By undertsting and applying Danske Bank stock market strength indicators, traders can identify Danske Bank AS entry and exit signals to maximize returns
Danske Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Danske Bank's price direction in advance. Along with the technical and fundamental analysis of Danske Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Danske to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | 0.1668 |
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Volume Indicators |
Complementary Tools for Danske Stock 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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