Aalborg Boldspilklub (Denmark) Market Value
| AAB Stock | DKK 34.20 0.20 0.58% |
| Symbol | Aalborg |
Aalborg Boldspilklub '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 Aalborg Boldspilklub'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 Aalborg Boldspilklub.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Aalborg Boldspilklub on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Aalborg Boldspilklub AS or generate 0.0% return on investment in Aalborg Boldspilklub over 90 days. Aalborg Boldspilklub is related to or competes with PARKEN Sport, Broendbyernes, Silkeborg, Kreditbanken, and Lollands Bank. Aalborg Boldspilklub AS operates a professional football stadium in Denmark More
Aalborg Boldspilklub 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 Aalborg Boldspilklub'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 Aalborg Boldspilklub AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.7 |
Aalborg Boldspilklub Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aalborg Boldspilklub's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aalborg Boldspilklub's standard deviation. In reality, there are many statistical measures that can use Aalborg Boldspilklub historical prices to predict the future Aalborg Boldspilklub's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 1.01 |
Aalborg Boldspilklub Backtested Returns
Aalborg Boldspilklub secures Sharpe Ratio (or Efficiency) of -0.0989, which signifies that the company had a -0.0989% return per unit of risk over the last 3 months. Aalborg Boldspilklub AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aalborg Boldspilklub's Risk Adjusted Performance of (0.1), standard deviation of 2.25, and Mean Deviation of 1.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aalborg Boldspilklub are expected to decrease at a much lower rate. During the bear market, Aalborg Boldspilklub is likely to outperform the market. At this point, Aalborg Boldspilklub has a negative expected return of -0.22%. Please make sure to confirm Aalborg Boldspilklub's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Aalborg Boldspilklub performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Aalborg Boldspilklub AS has modest predictability. Overlapping area represents the amount of predictability between Aalborg Boldspilklub time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd of December 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 Aalborg Boldspilklub price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Aalborg Boldspilklub price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.17 |
Aalborg Boldspilklub lagged returns against current returns
Autocorrelation, which is Aalborg Boldspilklub 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 Aalborg Boldspilklub's stock expected returns. We can calculate the autocorrelation of Aalborg Boldspilklub returns to help us make a trade decision. For example, suppose you find that Aalborg Boldspilklub 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 |
Aalborg Boldspilklub 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 Aalborg Boldspilklub stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aalborg Boldspilklub stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aalborg Boldspilklub stock over time.
Current vs Lagged Prices |
| Timeline |
Aalborg Boldspilklub Lagged Returns
When evaluating Aalborg Boldspilklub's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aalborg Boldspilklub stock have on its future price. Aalborg Boldspilklub 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, Aalborg Boldspilklub autocorrelation shows the relationship between Aalborg Boldspilklub stock current value and its past values and can show if there is a momentum factor associated with investing in Aalborg Boldspilklub AS.
Regressed Prices |
| Timeline |
Pair Trading with Aalborg Boldspilklub
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 Aalborg Boldspilklub 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 Aalborg Boldspilklub will appreciate offsetting losses from the drop in the long position's value.Moving together with Aalborg Stock
Moving against Aalborg Stock
The ability to find closely correlated positions to Aalborg Boldspilklub could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aalborg Boldspilklub 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 Aalborg Boldspilklub - 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 Aalborg Boldspilklub AS to buy it.
The correlation of Aalborg Boldspilklub 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 Aalborg Boldspilklub moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aalborg Boldspilklub 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 Aalborg Boldspilklub 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.Other Information on Investing in Aalborg Stock
Aalborg Boldspilklub financial ratios help investors to determine whether Aalborg Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aalborg with respect to the benefits of owning Aalborg Boldspilklub security.