Bactiquant (Denmark) Market Value
| BACTIQ Stock | DKK 3.64 0.02 0.55% |
| Symbol | Bactiquant |
Bactiquant '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 Bactiquant'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 Bactiquant.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Bactiquant on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bactiquant AS or generate 0.0% return on investment in Bactiquant over 90 days. Bactiquant is related to or competes with Scandinavian Investment, Hvidbjerg Bank, Spar Nord, Danske Andelskassers, PARKEN Sport, Ringkjoebing Landbobank, and Sydbank AS. Bactiquant AS develops and provides technology for the mobile and online surveillance of bacterial contamination levels ... More
Bactiquant 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 Bactiquant'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 Bactiquant AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.39 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 131.29 | |||
| Value At Risk | (15.74) | |||
| Potential Upside | 9.94 |
Bactiquant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bactiquant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bactiquant's standard deviation. In reality, there are many statistical measures that can use Bactiquant historical prices to predict the future Bactiquant's volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.6655 | |||
| Total Risk Alpha | 2.68 | |||
| Sortino Ratio | 0.0979 | |||
| Treynor Ratio | (1.66) |
Bactiquant AS Backtested Returns
Bactiquant appears to be extremely dangerous, given 3 months investment horizon. Bactiquant AS secures Sharpe Ratio (or Efficiency) of 0.0545, which signifies that the company had a 0.0545 % return per unit of standard deviation over the last 3 months. By analyzing Bactiquant's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please makes use of Bactiquant's mean deviation of 6.98, and Risk Adjusted Performance of 0.0496 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bactiquant holds a performance score of 4. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bactiquant are expected to decrease at a much lower rate. During the bear market, Bactiquant is likely to outperform the market. Please check Bactiquant's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Bactiquant's price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Bactiquant AS has good reverse predictability. Overlapping area represents the amount of predictability between Bactiquant time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Bactiquant AS price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Bactiquant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Bactiquant AS lagged returns against current returns
Autocorrelation, which is Bactiquant 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 Bactiquant's stock expected returns. We can calculate the autocorrelation of Bactiquant returns to help us make a trade decision. For example, suppose you find that Bactiquant 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 |
Bactiquant 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 Bactiquant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bactiquant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bactiquant stock over time.
Current vs Lagged Prices |
| Timeline |
Bactiquant Lagged Returns
When evaluating Bactiquant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bactiquant stock have on its future price. Bactiquant 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, Bactiquant autocorrelation shows the relationship between Bactiquant stock current value and its past values and can show if there is a momentum factor associated with investing in Bactiquant AS.
Regressed Prices |
| Timeline |
Pair Trading with Bactiquant
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 Bactiquant 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 Bactiquant will appreciate offsetting losses from the drop in the long position's value.Moving against Bactiquant Stock
| 0.46 | DKIKI | Danske Invest Kina | PairCorr |
| 0.43 | DKINVO | Investeringsforeningen | PairCorr |
| 0.4 | ROCK-B | ROCKWOOL International | PairCorr |
| 0.37 | DANSKE | Danske Bank AS | PairCorr |
| 0.37 | DKIGHYB | Investeringsforeningen | PairCorr |
The ability to find closely correlated positions to Bactiquant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bactiquant 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 Bactiquant - 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 Bactiquant AS to buy it.
The correlation of Bactiquant 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 Bactiquant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bactiquant 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 Bactiquant 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 Bactiquant Stock
Bactiquant financial ratios help investors to determine whether Bactiquant 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 Bactiquant with respect to the benefits of owning Bactiquant security.