Formuepleje Limittellus (Denmark) Market Value
| FPILIM Stock | DKK 295.90 0.74 0.25% |
| Symbol | Formuepleje |
Formuepleje Limittellus '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 Formuepleje Limittellus' 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 Formuepleje Limittellus.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Formuepleje Limittellus on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Formuepleje Limittellus or generate 0.0% return on investment in Formuepleje Limittellus over 30 days. Formuepleje Limittellus is related to or competes with NTG Nordic, Nordfyns Bank, Jyske Bank, Sydbank AS, Dataproces Group, Djurslands Bank, and Prime Office. More
Formuepleje Limittellus 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 Formuepleje Limittellus' 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 Formuepleje Limittellus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6646 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.18 |
Formuepleje Limittellus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formuepleje Limittellus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formuepleje Limittellus' standard deviation. In reality, there are many statistical measures that can use Formuepleje Limittellus historical prices to predict the future Formuepleje Limittellus' volatility.| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 0.0657 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3937 |
Formuepleje Limittellus Backtested Returns
At this point, Formuepleje Limittellus is very steady. Formuepleje Limittellus secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Formuepleje Limittellus, which you can use to evaluate the volatility of the firm. Please confirm Formuepleje Limittellus' Mean Deviation of 0.5654, downside deviation of 0.6646, and Coefficient Of Variation of 761.7 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Formuepleje Limittellus has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Formuepleje Limittellus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Formuepleje Limittellus is expected to be smaller as well. Formuepleje Limittellus right now shows a risk of 0.74%. Please confirm Formuepleje Limittellus maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Formuepleje Limittellus will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
Formuepleje Limittellus has modest predictability. Overlapping area represents the amount of predictability between Formuepleje Limittellus time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Formuepleje Limittellus price movement. The serial correlation of 0.53 indicates that about 53.0% of current Formuepleje Limittellus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 12.94 |
Formuepleje Limittellus lagged returns against current returns
Autocorrelation, which is Formuepleje Limittellus 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 Formuepleje Limittellus' stock expected returns. We can calculate the autocorrelation of Formuepleje Limittellus returns to help us make a trade decision. For example, suppose you find that Formuepleje Limittellus 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 |
Formuepleje Limittellus 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 Formuepleje Limittellus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formuepleje Limittellus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formuepleje Limittellus stock over time.
Current vs Lagged Prices |
| Timeline |
Formuepleje Limittellus Lagged Returns
When evaluating Formuepleje Limittellus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formuepleje Limittellus stock have on its future price. Formuepleje Limittellus 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, Formuepleje Limittellus autocorrelation shows the relationship between Formuepleje Limittellus stock current value and its past values and can show if there is a momentum factor associated with investing in Formuepleje Limittellus.
Regressed Prices |
| Timeline |
Pair Trading with Formuepleje Limittellus
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 Formuepleje Limittellus 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 Formuepleje Limittellus will appreciate offsetting losses from the drop in the long position's value.Moving together with Formuepleje Stock
Moving against Formuepleje Stock
| 0.81 | ESG | Ennogie Solar Group | PairCorr |
| 0.79 | VWS | Vestas Wind Systems | PairCorr |
| 0.77 | GMAB | Genmab AS | PairCorr |
| 0.7 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.63 | CONFRZ | Conferize AS | PairCorr |
The ability to find closely correlated positions to Formuepleje Limittellus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Formuepleje Limittellus 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 Formuepleje Limittellus - 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 Formuepleje Limittellus to buy it.
The correlation of Formuepleje Limittellus 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 Formuepleje Limittellus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formuepleje Limittellus 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 Formuepleje Limittellus 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 Formuepleje Stock
Formuepleje Limittellus financial ratios help investors to determine whether Formuepleje 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 Formuepleje with respect to the benefits of owning Formuepleje Limittellus security.