BankInvest Danske (Denmark) Market Value
| BAIDKAA Fund | DKK 113.75 0.70 0.62% |
| Symbol | BankInvest |
Please note, there is a significant difference between BankInvest Danske's value and its price as these two are different measures arrived at by different means. Investors typically determine if BankInvest Danske is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BankInvest Danske's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BankInvest Danske '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 BankInvest Danske'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 BankInvest Danske.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in BankInvest Danske on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding BankInvest Danske or generate 0.0% return on investment in BankInvest Danske over 30 days. More
BankInvest Danske 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 BankInvest Danske'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 BankInvest Danske upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.35 |
BankInvest Danske Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BankInvest Danske's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BankInvest Danske's standard deviation. In reality, there are many statistical measures that can use BankInvest Danske historical prices to predict the future BankInvest Danske's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 3.33 |
BankInvest Danske Backtested Returns
BankInvest Danske secures Sharpe Ratio (or Efficiency) of -0.0723, which signifies that the fund had a -0.0723 % return per unit of risk over the last 3 months. BankInvest Danske exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BankInvest Danske's Standard Deviation of 0.8804, risk adjusted performance of (0.05), and Mean Deviation of 0.7021 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0201, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BankInvest Danske are expected to decrease at a much lower rate. During the bear market, BankInvest Danske is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
BankInvest Danske has very weak reverse predictability. Overlapping area represents the amount of predictability between BankInvest Danske time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 BankInvest Danske price movement. The serial correlation of -0.1 indicates that less than 10.0% of current BankInvest Danske price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
BankInvest Danske lagged returns against current returns
Autocorrelation, which is BankInvest Danske 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 BankInvest Danske's fund expected returns. We can calculate the autocorrelation of BankInvest Danske returns to help us make a trade decision. For example, suppose you find that BankInvest Danske 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 |
BankInvest Danske 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 BankInvest Danske fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BankInvest Danske fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BankInvest Danske fund over time.
Current vs Lagged Prices |
| Timeline |
BankInvest Danske Lagged Returns
When evaluating BankInvest Danske's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BankInvest Danske fund have on its future price. BankInvest Danske 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, BankInvest Danske autocorrelation shows the relationship between BankInvest Danske fund current value and its past values and can show if there is a momentum factor associated with investing in BankInvest Danske.
Regressed Prices |
| Timeline |
Other Information on Investing in BankInvest Fund
BankInvest Danske financial ratios help investors to determine whether BankInvest Fund 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 BankInvest with respect to the benefits of owning BankInvest Danske security.
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