Othania Invest (Denmark) Market Value
| 0P0001D7HZ | 5,434 67.29 1.22% |
| Symbol | Othania |
Othania Invest '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 Othania Invest's fund 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 Othania Invest.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Othania Invest on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Othania Invest or generate 0.0% return on investment in Othania Invest over 30 days.
Othania Invest 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 Othania Invest's fund 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 Othania Invest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.13 |
Othania Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Othania Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Othania Invest's standard deviation. In reality, there are many statistical measures that can use Othania Invest historical prices to predict the future Othania Invest's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.15) |
Othania Invest Backtested Returns
Othania Invest maintains Sharpe Ratio (i.e., Efficiency) of -0.0612, which implies the entity had a -0.0612 % return per unit of risk over the last 3 months. Othania Invest exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Othania Invest's Variance of 0.571, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,080) to confirm the risk estimate we provide. The fund holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Othania Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Othania Invest is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
Othania Invest has good reverse predictability. Overlapping area represents the amount of predictability between Othania Invest time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Othania Invest price movement. The serial correlation of -0.53 indicates that about 53.0% of current Othania Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 4300.28 |
Othania Invest lagged returns against current returns
Autocorrelation, which is Othania Invest fund'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 Othania Invest's fund expected returns. We can calculate the autocorrelation of Othania Invest returns to help us make a trade decision. For example, suppose you find that Othania Invest has exhibited high autocorrelation historically, and you observe that the fund 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 |
Othania Invest 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 Othania Invest fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Othania Invest fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Othania Invest fund over time.
Current vs Lagged Prices |
| Timeline |
Othania Invest Lagged Returns
When evaluating Othania Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Othania Invest fund have on its future price. Othania Invest 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, Othania Invest autocorrelation shows the relationship between Othania Invest fund current value and its past values and can show if there is a momentum factor associated with investing in Othania Invest.
Regressed Prices |
| Timeline |
Pair Trading with Othania Invest
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 Othania Invest 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 Othania Invest will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Othania Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Othania Invest 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 Othania Invest - 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 Othania Invest to buy it.
The correlation of Othania Invest 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 Othania Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Othania Invest 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 Othania Invest 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.| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
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