Kreditbanken (Denmark) Market Value
| KRE Stock | DKK 5,000 50.00 0.99% |
| Symbol | Kreditbanken |
Kreditbanken '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 Kreditbanken'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 Kreditbanken.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Kreditbanken on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kreditbanken AS or generate 0.0% return on investment in Kreditbanken over 90 days. Kreditbanken is related to or competes with Lollands Bank, Groenlandsbanken, Skjern Bank, Djurslands Bank, and Laan Spar. Kreditbanken AS provides various banking products and services to private and business customers in Denmark More
Kreditbanken 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 Kreditbanken'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 Kreditbanken AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.41 |
Kreditbanken Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kreditbanken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kreditbanken's standard deviation. In reality, there are many statistical measures that can use Kreditbanken historical prices to predict the future Kreditbanken's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.01) |
Kreditbanken AS Backtested Returns
Kreditbanken AS has Sharpe Ratio of -0.009, which conveys that the firm had a -0.009% return per unit of risk over the last 3 months. Kreditbanken exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kreditbanken's Risk Adjusted Performance of 0.0112, downside deviation of 1.46, and Mean Deviation of 0.7859 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kreditbanken are expected to decrease at a much lower rate. During the bear market, Kreditbanken is likely to outperform the market. At this point, Kreditbanken AS has a negative expected return of -0.0096%. Please make sure to verify Kreditbanken's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Kreditbanken AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Kreditbanken AS has insignificant predictability. Overlapping area represents the amount of predictability between Kreditbanken time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Kreditbanken AS price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Kreditbanken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1974.12 |
Kreditbanken AS lagged returns against current returns
Autocorrelation, which is Kreditbanken 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 Kreditbanken's stock expected returns. We can calculate the autocorrelation of Kreditbanken returns to help us make a trade decision. For example, suppose you find that Kreditbanken 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 |
Kreditbanken 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 Kreditbanken stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kreditbanken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kreditbanken stock over time.
Current vs Lagged Prices |
| Timeline |
Kreditbanken Lagged Returns
When evaluating Kreditbanken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kreditbanken stock have on its future price. Kreditbanken 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, Kreditbanken autocorrelation shows the relationship between Kreditbanken stock current value and its past values and can show if there is a momentum factor associated with investing in Kreditbanken AS.
Regressed Prices |
| Timeline |
Pair Trading with Kreditbanken
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 Kreditbanken 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 Kreditbanken will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Kreditbanken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kreditbanken 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 Kreditbanken - 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 Kreditbanken AS to buy it.
The correlation of Kreditbanken 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 Kreditbanken moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kreditbanken AS 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 Kreditbanken 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 Kreditbanken Stock
Kreditbanken financial ratios help investors to determine whether Kreditbanken 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 Kreditbanken with respect to the benefits of owning Kreditbanken security.