Dampskibsselskabet (Denmark) Market Value
| DNORD Stock | DKK 213.60 4.00 1.91% |
| Symbol | Dampskibsselskabet |
Dampskibsselskabet '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 Dampskibsselskabet'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 Dampskibsselskabet.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Dampskibsselskabet on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Dampskibsselskabet Norden AS or generate 0.0% return on investment in Dampskibsselskabet over 180 days. Dampskibsselskabet is related to or competes with TORM Plc, FLSmidth, NKT AS, ALK Abell, and Jyske Bank. Dampskibsselskabet NORDEN AS, a shipping company, owns and operates dry cargo and tanker vessels worldwide More
Dampskibsselskabet 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 Dampskibsselskabet'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 Dampskibsselskabet Norden AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.62 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 2.23 |
Dampskibsselskabet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dampskibsselskabet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dampskibsselskabet's standard deviation. In reality, there are many statistical measures that can use Dampskibsselskabet historical prices to predict the future Dampskibsselskabet's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (7.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dampskibsselskabet'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.
Dampskibsselskabet Backtested Returns
Dampskibsselskabet secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Dampskibsselskabet Norden AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dampskibsselskabet's Variance of 3.72, mean deviation of 1.59, and Standard Deviation of 1.93 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.046, which means not very significant fluctuations relative to the market. As returns on the market increase, Dampskibsselskabet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dampskibsselskabet is expected to be smaller as well. At this point, Dampskibsselskabet has a negative expected return of -0.29%. Please make sure to confirm Dampskibsselskabet's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Dampskibsselskabet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Dampskibsselskabet Norden AS has good predictability. Overlapping area represents the amount of predictability between Dampskibsselskabet time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dampskibsselskabet price movement. The serial correlation of 0.78 indicates that around 78.0% of current Dampskibsselskabet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 617.49 |
Dampskibsselskabet lagged returns against current returns
Autocorrelation, which is Dampskibsselskabet 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 Dampskibsselskabet's stock expected returns. We can calculate the autocorrelation of Dampskibsselskabet returns to help us make a trade decision. For example, suppose you find that Dampskibsselskabet 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 |
Dampskibsselskabet 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 Dampskibsselskabet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dampskibsselskabet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dampskibsselskabet stock over time.
Current vs Lagged Prices |
| Timeline |
Dampskibsselskabet Lagged Returns
When evaluating Dampskibsselskabet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dampskibsselskabet stock have on its future price. Dampskibsselskabet 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, Dampskibsselskabet autocorrelation shows the relationship between Dampskibsselskabet stock current value and its past values and can show if there is a momentum factor associated with investing in Dampskibsselskabet Norden AS.
Regressed Prices |
| Timeline |
Pair Trading with Dampskibsselskabet
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 Dampskibsselskabet 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 Dampskibsselskabet will appreciate offsetting losses from the drop in the long position's value.Moving together with Dampskibsselskabet Stock
Moving against Dampskibsselskabet Stock
| 0.92 | RILBA | Ringkjoebing Landbobank | PairCorr |
| 0.67 | SYDB | Sydbank AS | PairCorr |
| 0.64 | SPNO | Spar Nord Bank | PairCorr |
The ability to find closely correlated positions to Dampskibsselskabet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dampskibsselskabet 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 Dampskibsselskabet - 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 Dampskibsselskabet Norden AS to buy it.
The correlation of Dampskibsselskabet 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 Dampskibsselskabet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dampskibsselskabet 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 Dampskibsselskabet 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 Dampskibsselskabet Stock
Dampskibsselskabet financial ratios help investors to determine whether Dampskibsselskabet 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 Dampskibsselskabet with respect to the benefits of owning Dampskibsselskabet security.