DKIDMOBL (Denmark) Market Value
| DKIDMOBL | DKK 84.37 0.02 0.02% |
| Symbol | DKIDMOBL |
Please note, there is a significant difference between DKIDMOBL's value and its price as these two are different measures arrived at by different means. Investors typically determine if DKIDMOBL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DKIDMOBL'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.
DKIDMOBL '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 DKIDMOBL's etf 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 DKIDMOBL.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in DKIDMOBL on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Investeringsforeningen Danske Invest or generate 0.0% return on investment in DKIDMOBL over 720 days. DKIDMOBL is related to or competes with Xact Kapitalforvaltni, Gabriel Holding, FOM Technologies, and Skjern Bank. More
DKIDMOBL 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 DKIDMOBL's etf 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 Investeringsforeningen Danske Invest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1373 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 0.5564 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2019 |
DKIDMOBL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DKIDMOBL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DKIDMOBL's standard deviation. In reality, there are many statistical measures that can use DKIDMOBL historical prices to predict the future DKIDMOBL's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.15) |
Investeringsforeningen Backtested Returns
At this point, DKIDMOBL is very steady. Investeringsforeningen secures Sharpe Ratio (or Efficiency) of 0.0562, which denotes the etf had a 0.0562 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Investeringsforeningen Danske Invest, which you can use to evaluate the volatility of the entity. Please confirm DKIDMOBL's Semi Deviation of 0.0704, downside deviation of 0.1373, and Standard Deviation of 0.1212 to check if the risk estimate we provide is consistent with the expected return of 0.0069%. The etf shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and DKIDMOBL are completely uncorrelated.
Auto-correlation | 0.38 |
Below average predictability
Investeringsforeningen Danske Invest has below average predictability. Overlapping area represents the amount of predictability between DKIDMOBL time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st 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 Investeringsforeningen price movement. The serial correlation of 0.38 indicates that just about 38.0% of current DKIDMOBL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Investeringsforeningen lagged returns against current returns
Autocorrelation, which is DKIDMOBL etf'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 DKIDMOBL's etf expected returns. We can calculate the autocorrelation of DKIDMOBL returns to help us make a trade decision. For example, suppose you find that DKIDMOBL has exhibited high autocorrelation historically, and you observe that the etf 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 |
DKIDMOBL 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 DKIDMOBL etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DKIDMOBL etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DKIDMOBL etf over time.
Current vs Lagged Prices |
| Timeline |
DKIDMOBL Lagged Returns
When evaluating DKIDMOBL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DKIDMOBL etf have on its future price. DKIDMOBL 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, DKIDMOBL autocorrelation shows the relationship between DKIDMOBL etf current value and its past values and can show if there is a momentum factor associated with investing in Investeringsforeningen Danske Invest.
Regressed Prices |
| Timeline |
Pair Trading with DKIDMOBL
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 DKIDMOBL 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 DKIDMOBL will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to DKIDMOBL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DKIDMOBL 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 DKIDMOBL - 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 Investeringsforeningen Danske Invest to buy it.
The correlation of DKIDMOBL 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 DKIDMOBL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investeringsforeningen 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 DKIDMOBL 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 DKIDMOBL Etf
DKIDMOBL financial ratios help investors to determine whether DKIDMOBL Etf 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 DKIDMOBL with respect to the benefits of owning DKIDMOBL security.