Danish Aerospace (Denmark) Market Value
| DAC Stock | DKK 3.06 0.12 4.08% |
| Symbol | Danish |
Danish Aerospace '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 Danish Aerospace'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 Danish Aerospace.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Danish Aerospace on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Danish Aerospace or generate 0.0% return on investment in Danish Aerospace over 60 days. Danish Aerospace is related to or competes with FOM Technologies, and LED IBond. Danish Aerospace Company AS designs, develops, and manufactures medical monitoring and exercise equipment worldwide More
Danish Aerospace 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 Danish Aerospace'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 Danish Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.15 | |||
| Value At Risk | (8.09) | |||
| Potential Upside | 6.25 |
Danish Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danish Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danish Aerospace's standard deviation. In reality, there are many statistical measures that can use Danish Aerospace historical prices to predict the future Danish Aerospace's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.1812 |
Danish Aerospace Backtested Returns
Danish Aerospace secures Sharpe Ratio (or Efficiency) of -0.0317, which denotes the company had a -0.0317% return per unit of risk over the last 3 months. Danish Aerospace exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danish Aerospace's Mean Deviation of 3.12, variance of 18.73, and Standard Deviation of 4.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danish Aerospace are expected to decrease at a much lower rate. During the bear market, Danish Aerospace is likely to outperform the market. At this point, Danish Aerospace has a negative expected return of -0.14%. Please make sure to confirm Danish Aerospace's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Danish Aerospace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Danish Aerospace has weak predictability. Overlapping area represents the amount of predictability between Danish Aerospace 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 Danish Aerospace price movement. The serial correlation of 0.21 indicates that over 21.0% of current Danish Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Danish Aerospace lagged returns against current returns
Autocorrelation, which is Danish Aerospace 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 Danish Aerospace's stock expected returns. We can calculate the autocorrelation of Danish Aerospace returns to help us make a trade decision. For example, suppose you find that Danish Aerospace 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 |
Danish Aerospace 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 Danish Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danish Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danish Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Danish Aerospace Lagged Returns
When evaluating Danish Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danish Aerospace stock have on its future price. Danish Aerospace 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, Danish Aerospace autocorrelation shows the relationship between Danish Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Danish Aerospace.
Regressed Prices |
| Timeline |
Other Information on Investing in Danish Stock
Danish Aerospace financial ratios help investors to determine whether Danish 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 Danish with respect to the benefits of owning Danish Aerospace security.