DecideAct (Denmark) Market Value
| ACT Stock | DKK 1.67 0.23 12.11% |
| Symbol | DecideAct |
DecideAct '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 DecideAct'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 DecideAct.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in DecideAct on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding DecideAct AS or generate 0.0% return on investment in DecideAct over 180 days. DecideAct is related to or competes with CBrain AS, FOM Technologies, ChemoMetec, BioPorto, and Netcompany Group. DecideAct AS develops cloud-based strategy execution management and governance platform for organizations More
DecideAct 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 DecideAct'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 DecideAct AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.27 | |||
| Value At Risk | (10.28) | |||
| Potential Upside | 9.7 |
DecideAct Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DecideAct's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DecideAct's standard deviation. In reality, there are many statistical measures that can use DecideAct historical prices to predict the future DecideAct's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | 0.5011 |
DecideAct AS Backtested Returns
DecideAct AS secures Sharpe Ratio (or Efficiency) of -0.0822, which denotes the company had a -0.0822% return per unit of standard deviation over the last 3 months. DecideAct AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DecideAct's Coefficient Of Variation of (1,803), standard deviation of 6.5, and Mean Deviation of 4.31 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DecideAct are expected to decrease at a much lower rate. During the bear market, DecideAct is likely to outperform the market. At this point, DecideAct AS has a negative expected return of -0.54%. Please make sure to confirm DecideAct's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if DecideAct AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
DecideAct AS has good predictability. Overlapping area represents the amount of predictability between DecideAct time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 DecideAct AS price movement. The serial correlation of 0.67 indicates that around 67.0% of current DecideAct price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
DecideAct AS lagged returns against current returns
Autocorrelation, which is DecideAct 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 DecideAct's stock expected returns. We can calculate the autocorrelation of DecideAct returns to help us make a trade decision. For example, suppose you find that DecideAct 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 |
DecideAct 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 DecideAct stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DecideAct stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DecideAct stock over time.
Current vs Lagged Prices |
| Timeline |
DecideAct Lagged Returns
When evaluating DecideAct's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DecideAct stock have on its future price. DecideAct 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, DecideAct autocorrelation shows the relationship between DecideAct stock current value and its past values and can show if there is a momentum factor associated with investing in DecideAct AS.
Regressed Prices |
| Timeline |
Pair Trading with DecideAct
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 DecideAct 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 DecideAct will appreciate offsetting losses from the drop in the long position's value.Moving together with DecideAct Stock
Moving against DecideAct Stock
The ability to find closely correlated positions to DecideAct could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DecideAct 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 DecideAct - 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 DecideAct AS to buy it.
The correlation of DecideAct 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 DecideAct moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DecideAct 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 DecideAct 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 DecideAct Stock
DecideAct financial ratios help investors to determine whether DecideAct 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 DecideAct with respect to the benefits of owning DecideAct security.