Hvidbjerg Bank (Denmark) Market Value
| HVID Stock | DKK 137.00 1.00 0.74% |
| Symbol | Hvidbjerg |
Hvidbjerg Bank '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 Hvidbjerg Bank'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 Hvidbjerg Bank.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hvidbjerg Bank on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hvidbjerg Bank or generate 0.0% return on investment in Hvidbjerg Bank over 90 days. Hvidbjerg Bank is related to or competes with Skjern Bank, Lollands Bank, Djurslands Bank, Nordfyns Bank, and Kreditbanken. Hvidbjerg Bank AS provides various banking products and services to private and business customers in Denmark More
Hvidbjerg Bank 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 Hvidbjerg Bank'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 Hvidbjerg Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.2373 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.03 |
Hvidbjerg Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hvidbjerg Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hvidbjerg Bank's standard deviation. In reality, there are many statistical measures that can use Hvidbjerg Bank historical prices to predict the future Hvidbjerg Bank's volatility.| Risk Adjusted Performance | 0.152 | |||
| Jensen Alpha | 0.2598 | |||
| Total Risk Alpha | 0.4242 | |||
| Sortino Ratio | 0.233 | |||
| Treynor Ratio | 1.32 |
Hvidbjerg Bank Backtested Returns
Hvidbjerg Bank appears to be very steady, given 3 months investment horizon. Hvidbjerg Bank holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hvidbjerg Bank, which you can use to evaluate the volatility of the firm. Please utilize Hvidbjerg Bank's Market Risk Adjusted Performance of 1.33, downside deviation of 1.5, and Risk Adjusted Performance of 0.152 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hvidbjerg Bank holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hvidbjerg Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hvidbjerg Bank is expected to be smaller as well. Please check Hvidbjerg Bank's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hvidbjerg Bank's current trending patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Hvidbjerg Bank has below average predictability. Overlapping area represents the amount of predictability between Hvidbjerg Bank 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 Hvidbjerg Bank price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Hvidbjerg Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
Hvidbjerg Bank lagged returns against current returns
Autocorrelation, which is Hvidbjerg Bank 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 Hvidbjerg Bank's stock expected returns. We can calculate the autocorrelation of Hvidbjerg Bank returns to help us make a trade decision. For example, suppose you find that Hvidbjerg Bank 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 |
Hvidbjerg Bank 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 Hvidbjerg Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hvidbjerg Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hvidbjerg Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Hvidbjerg Bank Lagged Returns
When evaluating Hvidbjerg Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hvidbjerg Bank stock have on its future price. Hvidbjerg Bank 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, Hvidbjerg Bank autocorrelation shows the relationship between Hvidbjerg Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Hvidbjerg Bank.
Regressed Prices |
| Timeline |
Pair Trading with Hvidbjerg Bank
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 Hvidbjerg Bank 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 Hvidbjerg Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Hvidbjerg Stock
Moving against Hvidbjerg Stock
| 0.78 | MAPS | MapsPeople AS | PairCorr |
| 0.65 | ESG | Ennogie Solar Group | PairCorr |
| 0.4 | SHAPE | Shape Robotics AS | PairCorr |
The ability to find closely correlated positions to Hvidbjerg Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hvidbjerg Bank 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 Hvidbjerg Bank - 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 Hvidbjerg Bank to buy it.
The correlation of Hvidbjerg Bank 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 Hvidbjerg Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hvidbjerg Bank 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 Hvidbjerg Bank 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 Hvidbjerg Stock
Hvidbjerg Bank financial ratios help investors to determine whether Hvidbjerg 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 Hvidbjerg with respect to the benefits of owning Hvidbjerg Bank security.