BankInv Kort (Denmark) Market Value
| BAIKHYORLA | 103.35 0.15 0.15% |
| Symbol | BankInv |
BankInv Kort '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 BankInv Kort'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 BankInv Kort.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in BankInv Kort on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding BankInv Kort HY or generate 0.0% return on investment in BankInv Kort over 60 days.
BankInv Kort 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 BankInv Kort'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 BankInv Kort HY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 0.9682 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3883 |
BankInv Kort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BankInv Kort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BankInv Kort's standard deviation. In reality, there are many statistical measures that can use BankInv Kort historical prices to predict the future BankInv Kort's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.2881 |
BankInv Kort HY Backtested Returns
BankInv Kort HY secures Sharpe Ratio (or Efficiency) of -0.0069, which signifies that the company had a -0.0069% return per unit of risk over the last 3 months. BankInv Kort HY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BankInv Kort's Standard Deviation of 0.2098, mean deviation of 0.1419, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0492, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BankInv Kort are expected to decrease at a much lower rate. During the bear market, BankInv Kort is likely to outperform the market. At this point, BankInv Kort HY has a negative expected return of -0.0014%. Please make sure to confirm BankInv Kort's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if BankInv Kort HY performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
BankInv Kort HY has good predictability. Overlapping area represents the amount of predictability between BankInv Kort time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 BankInv Kort HY price movement. The serial correlation of 0.73 indicates that around 73.0% of current BankInv Kort price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BankInv Kort HY lagged returns against current returns
Autocorrelation, which is BankInv Kort 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 BankInv Kort's stock expected returns. We can calculate the autocorrelation of BankInv Kort returns to help us make a trade decision. For example, suppose you find that BankInv Kort 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 |
BankInv Kort 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 BankInv Kort stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BankInv Kort stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BankInv Kort stock over time.
Current vs Lagged Prices |
| Timeline |
BankInv Kort Lagged Returns
When evaluating BankInv Kort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BankInv Kort stock have on its future price. BankInv Kort 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, BankInv Kort autocorrelation shows the relationship between BankInv Kort stock current value and its past values and can show if there is a momentum factor associated with investing in BankInv Kort HY.
Regressed Prices |
| Timeline |
Pair Trading with BankInv Kort
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 BankInv Kort 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 BankInv Kort will appreciate offsetting losses from the drop in the long position's value.Moving against BankInv Stock
The ability to find closely correlated positions to BankInv Kort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BankInv Kort 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 BankInv Kort - 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 BankInv Kort HY to buy it.
The correlation of BankInv Kort 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 BankInv Kort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BankInv Kort HY 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 BankInv Kort 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.