Handelsinvest Danmark (Denmark) Market Value
| HAIDK Fund | DKK 385.75 3.31 0.87% |
| Symbol | Handelsinvest |
Please note, there is a significant difference between Handelsinvest Danmark's value and its price as these two are different measures arrived at by different means. Investors typically determine if Handelsinvest Danmark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Handelsinvest Danmark'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.
Handelsinvest Danmark '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 Handelsinvest Danmark's fund 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 Handelsinvest Danmark.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Handelsinvest Danmark on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Handelsinvest Danmark or generate 0.0% return on investment in Handelsinvest Danmark over 90 days. Handelsinvest Danmark is related to or competes with DKIEUHUAKLDKK. More
Handelsinvest Danmark 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 Handelsinvest Danmark's fund 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 Handelsinvest Danmark upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.61 |
Handelsinvest Danmark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Handelsinvest Danmark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Handelsinvest Danmark's standard deviation. In reality, there are many statistical measures that can use Handelsinvest Danmark historical prices to predict the future Handelsinvest Danmark's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.0002) | |||
| Treynor Ratio | (2.17) |
Handelsinvest Danmark Backtested Returns
Handelsinvest Danmark holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1 % return per unit of risk over the last 3 months. Handelsinvest Danmark exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Handelsinvest Danmark's Risk Adjusted Performance of (0.1), standard deviation of 1.2, and Market Risk Adjusted Performance of (2.16) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0692, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Handelsinvest Danmark's returns are expected to increase less than the market. However, during the bear market, the loss of holding Handelsinvest Danmark is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Handelsinvest Danmark has poor reverse predictability. Overlapping area represents the amount of predictability between Handelsinvest Danmark time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Handelsinvest Danmark price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Handelsinvest Danmark price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 50.1 |
Handelsinvest Danmark lagged returns against current returns
Autocorrelation, which is Handelsinvest Danmark fund'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 Handelsinvest Danmark's fund expected returns. We can calculate the autocorrelation of Handelsinvest Danmark returns to help us make a trade decision. For example, suppose you find that Handelsinvest Danmark has exhibited high autocorrelation historically, and you observe that the fund 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 |
Handelsinvest Danmark 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 Handelsinvest Danmark fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Handelsinvest Danmark fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Handelsinvest Danmark fund over time.
Current vs Lagged Prices |
| Timeline |
Handelsinvest Danmark Lagged Returns
When evaluating Handelsinvest Danmark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Handelsinvest Danmark fund have on its future price. Handelsinvest Danmark 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, Handelsinvest Danmark autocorrelation shows the relationship between Handelsinvest Danmark fund current value and its past values and can show if there is a momentum factor associated with investing in Handelsinvest Danmark.
Regressed Prices |
| Timeline |
Pair Trading with Handelsinvest Danmark
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 Handelsinvest Danmark 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 Handelsinvest Danmark will appreciate offsetting losses from the drop in the long position's value.Moving against Handelsinvest Fund
The ability to find closely correlated positions to Handelsinvest Danmark could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Handelsinvest Danmark 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 Handelsinvest Danmark - 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 Handelsinvest Danmark to buy it.
The correlation of Handelsinvest Danmark 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 Handelsinvest Danmark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Handelsinvest Danmark 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 Handelsinvest Danmark 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 Handelsinvest Fund
Handelsinvest Danmark financial ratios help investors to determine whether Handelsinvest Fund 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 Handelsinvest with respect to the benefits of owning Handelsinvest Danmark security.
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