GN Store (Denmark) Market Value
| GN Stock | DKK 135.00 1.10 0.82% |
| Symbol | GN Store |
GN Store '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 GN Store'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 GN Store.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in GN Store on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding GN Store Nord or generate 0.0% return on investment in GN Store over 720 days. GN Store is related to or competes with Ambu AS, FLSmidth, DSV Panalpina, Demant AS, and Genmab AS. GN Store Nord AS develops, manufactures, and markets medical, professional, and consumer audio solutions in Denmark, Eur... More
GN Store 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 GN Store'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 GN Store Nord upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.31 |
GN Store Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GN Store's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GN Store's standard deviation. In reality, there are many statistical measures that can use GN Store historical prices to predict the future GN Store's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 2.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GN Store'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.
GN Store Nord Backtested Returns
GN Store Nord retains Efficiency (Sharpe Ratio) of -0.0878, which attests that the entity had a -0.0878% return per unit of price deviation over the last 3 months. GN Store exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GN Store's Coefficient Of Variation of (1,172), market risk adjusted performance of 2.83, and Information Ratio of (0.15) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0658, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GN Store are expected to decrease at a much lower rate. During the bear market, GN Store is likely to outperform the market. At this point, GN Store Nord has a negative expected return of -0.18%. Please make sure to check out GN Store's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if GN Store Nord performance from the past will be repeated sooner or later.
Auto-correlation | 0.65 |
Good predictability
GN Store Nord has good predictability. Overlapping area represents the amount of predictability between GN Store time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 GN Store Nord price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current GN Store price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 562.21 |
GN Store Nord lagged returns against current returns
Autocorrelation, which is GN Store 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 GN Store's stock expected returns. We can calculate the autocorrelation of GN Store returns to help us make a trade decision. For example, suppose you find that GN Store 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 |
GN Store 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 GN Store stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GN Store stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GN Store stock over time.
Current vs Lagged Prices |
| Timeline |
GN Store Lagged Returns
When evaluating GN Store's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GN Store stock have on its future price. GN Store 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, GN Store autocorrelation shows the relationship between GN Store stock current value and its past values and can show if there is a momentum factor associated with investing in GN Store Nord.
Regressed Prices |
| Timeline |
Pair Trading with GN Store
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 GN Store 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 GN Store will appreciate offsetting losses from the drop in the long position's value.Moving together with GN Store Stock
Moving against GN Store Stock
The ability to find closely correlated positions to GN Store could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GN Store 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 GN Store - 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 GN Store Nord to buy it.
The correlation of GN Store 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 GN Store moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GN Store Nord 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 GN Store 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 GN Store Stock
GN Store financial ratios help investors to determine whether GN Store 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 GN Store with respect to the benefits of owning GN Store security.