DI Global (Denmark) Market Value
| DKIGSFUT | DKK 391.90 9.10 2.27% |
| Symbol | DKIGSFUT |
Please note, there is a significant difference between DI Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if DI Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DI Global'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.
DI Global '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 DI Global'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 DI Global.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in DI Global on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding DI Global Sustainable or generate 0.0% return on investment in DI Global over 570 days. DI Global is related to or competes with NTG Nordic, FOM Technologies, Prime Office, Strategic Investments, Dataproces Group, and PARKEN Sport. Danske Invest - Global Sustainable Future Akk is an equity mutual fund launched and managed by Danske Capital AS More
DI Global 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 DI Global'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 DI Global Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8628 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.27 |
DI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DI Global's standard deviation. In reality, there are many statistical measures that can use DI Global historical prices to predict the future DI Global's volatility.| Risk Adjusted Performance | 0.0492 | |||
| Jensen Alpha | 0.0365 | |||
| Total Risk Alpha | 0.019 | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | 0.4888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DI Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DI Global Sustainable Backtested Returns
Currently, DI Global Sustainable is very steady. DI Global Sustainable retains Efficiency (Sharpe Ratio) of 0.0593, which denotes the company had a 0.0593 % return per unit of price deviation over the last 3 months. We have found thirty technical indicators for DI Global, which you can use to evaluate the volatility of the firm. Please confirm DI Global's Standard Deviation of 0.811, downside deviation of 0.8628, and Market Risk Adjusted Performance of 0.4988 to check if the risk estimate we provide is consistent with the expected return of 0.0481%. DI Global has a performance score of 4 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0779, which means not very significant fluctuations relative to the market. As returns on the market increase, DI Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding DI Global is expected to be smaller as well. DI Global Sustainable today owns a risk of 0.81%. Please confirm DI Global Sustainable coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if DI Global Sustainable will be following its current price history.
Auto-correlation | 0.88 |
Very good predictability
DI Global Sustainable has very good predictability. Overlapping area represents the amount of predictability between DI Global time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th 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 DI Global Sustainable price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current DI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 217.96 |
DI Global Sustainable lagged returns against current returns
Autocorrelation, which is DI Global 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 DI Global's stock expected returns. We can calculate the autocorrelation of DI Global returns to help us make a trade decision. For example, suppose you find that DI Global 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 |
DI Global 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 DI Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DI Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DI Global stock over time.
Current vs Lagged Prices |
| Timeline |
DI Global Lagged Returns
When evaluating DI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DI Global stock have on its future price. DI Global 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, DI Global autocorrelation shows the relationship between DI Global stock current value and its past values and can show if there is a momentum factor associated with investing in DI Global Sustainable.
Regressed Prices |
| Timeline |
Pair Trading with DI Global
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 DI Global 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 DI Global will appreciate offsetting losses from the drop in the long position's value.Moving against DKIGSFUT Stock
| 0.76 | ORPHA | Orphazyme AS | PairCorr |
| 0.6 | VWS | Vestas Wind Systems | PairCorr |
| 0.42 | ORSTED | Orsted AS | PairCorr |
| 0.37 | CONFRZ | Conferize AS | PairCorr |
| 0.36 | ESG | Ennogie Solar Group | PairCorr |
The ability to find closely correlated positions to DI Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DI Global 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 DI Global - 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 DI Global Sustainable to buy it.
The correlation of DI Global 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 DI Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DI Global Sustainable 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 DI Global 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.Additional Tools for DKIGSFUT Stock Analysis
When running DI Global's price analysis, check to measure DI Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DI Global is operating at the current time. Most of DI Global's value examination focuses on studying past and present price action to predict the probability of DI Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DI Global's price. Additionally, you may evaluate how the addition of DI Global to your portfolios can decrease your overall portfolio volatility.