Groenlandsbanken (Denmark) Market Value
| GRLA Stock | DKK 855.00 5.00 0.59% |
| Symbol | Groenlandsbanken |
Groenlandsbanken '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 Groenlandsbanken'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 Groenlandsbanken.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Groenlandsbanken on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Groenlandsbanken AS or generate 0.0% return on investment in Groenlandsbanken over 90 days. Groenlandsbanken is related to or competes with Skjern Bank, Lollands Bank, Ringkjoebing Landbobank, Kreditbanken, and Laan Spar. GrnlandsBANKEN AS provides financial services to private customers, business customers, and public institutions in Green... More
Groenlandsbanken 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 Groenlandsbanken'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 Groenlandsbanken AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.2165 | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.47 |
Groenlandsbanken Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Groenlandsbanken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Groenlandsbanken's standard deviation. In reality, there are many statistical measures that can use Groenlandsbanken historical prices to predict the future Groenlandsbanken's volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.2283 | |||
| Total Risk Alpha | 0.5032 | |||
| Sortino Ratio | 0.1994 | |||
| Treynor Ratio | (0.60) |
Groenlandsbanken Backtested Returns
Groenlandsbanken appears to be very steady, given 3 months investment horizon. Groenlandsbanken holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Groenlandsbanken, which you can use to evaluate the volatility of the firm. Please utilize Groenlandsbanken's Downside Deviation of 1.94, risk adjusted performance of 0.1455, and Market Risk Adjusted Performance of (0.59) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Groenlandsbanken holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Groenlandsbanken are expected to decrease at a much lower rate. During the bear market, Groenlandsbanken is likely to outperform the market. Please check Groenlandsbanken's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Groenlandsbanken's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Groenlandsbanken AS has very weak predictability. Overlapping area represents the amount of predictability between Groenlandsbanken time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Groenlandsbanken price movement. The serial correlation of 0.17 indicates that over 17.0% of current Groenlandsbanken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 644.35 |
Groenlandsbanken lagged returns against current returns
Autocorrelation, which is Groenlandsbanken 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 Groenlandsbanken's stock expected returns. We can calculate the autocorrelation of Groenlandsbanken returns to help us make a trade decision. For example, suppose you find that Groenlandsbanken 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 |
Groenlandsbanken 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 Groenlandsbanken stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Groenlandsbanken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Groenlandsbanken stock over time.
Current vs Lagged Prices |
| Timeline |
Groenlandsbanken Lagged Returns
When evaluating Groenlandsbanken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Groenlandsbanken stock have on its future price. Groenlandsbanken 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, Groenlandsbanken autocorrelation shows the relationship between Groenlandsbanken stock current value and its past values and can show if there is a momentum factor associated with investing in Groenlandsbanken AS.
Regressed Prices |
| Timeline |
Pair Trading with Groenlandsbanken
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 Groenlandsbanken 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 Groenlandsbanken will appreciate offsetting losses from the drop in the long position's value.Moving against Groenlandsbanken Stock
| 0.55 | HLUN-A | H Lundbeck AS Earnings Call This Week | PairCorr |
| 0.52 | HLUN-B | H Lundbeck AS Earnings Call This Week | PairCorr |
| 0.52 | NLFSK | Nilfisk Holding AS | PairCorr |
| 0.39 | JYINYAKL | Jyske Invest Nye | PairCorr |
| 0.31 | BOOZT-DKK | Boozt AB | PairCorr |
The ability to find closely correlated positions to Groenlandsbanken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groenlandsbanken 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 Groenlandsbanken - 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 Groenlandsbanken AS to buy it.
The correlation of Groenlandsbanken 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 Groenlandsbanken moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groenlandsbanken 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 Groenlandsbanken 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 Groenlandsbanken Stock
Groenlandsbanken financial ratios help investors to determine whether Groenlandsbanken 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 Groenlandsbanken with respect to the benefits of owning Groenlandsbanken security.