Moens Bank (Denmark) Market Value
| MNBA Stock | DKK 218.00 2.00 0.93% |
| Symbol | Moens |
Moens 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 Moens 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 Moens Bank.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Moens Bank on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Moens Bank AS or generate 0.0% return on investment in Moens Bank over 420 days. Moens Bank is related to or competes with FLSmidth, Danske Bank, ISS AS, and DSV Panalpina. Mns Bank AS provides various banking products and services in private and business sectors More
Moens 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 Moens 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 Moens Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.79 |
Moens Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moens Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moens Bank's standard deviation. In reality, there are many statistical measures that can use Moens Bank historical prices to predict the future Moens Bank's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.4856 |
Moens Bank AS Backtested Returns
Moens Bank AS has Sharpe Ratio of -0.0701, which conveys that the firm had a -0.0701% return per unit of risk over the last 3 months. Moens Bank exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Moens Bank's Standard Deviation of 1.08, risk adjusted performance of (0.05), and Mean Deviation of 0.7615 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Moens Bank are expected to decrease at a much lower rate. During the bear market, Moens Bank is likely to outperform the market. At this point, Moens Bank AS has a negative expected return of -0.0765%. Please make sure to verify Moens Bank's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Moens Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Moens Bank AS has excellent reverse predictability. Overlapping area represents the amount of predictability between Moens Bank time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Moens Bank AS price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Moens Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 38.7 |
Moens Bank AS lagged returns against current returns
Autocorrelation, which is Moens 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 Moens Bank's stock expected returns. We can calculate the autocorrelation of Moens Bank returns to help us make a trade decision. For example, suppose you find that Moens 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 |
Moens 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 Moens Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moens Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moens Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Moens Bank Lagged Returns
When evaluating Moens Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moens Bank stock have on its future price. Moens 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, Moens Bank autocorrelation shows the relationship between Moens Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Moens Bank AS.
Regressed Prices |
| Timeline |
Pair Trading with Moens 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 Moens 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 Moens Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Moens Stock
Moving against Moens Stock
The ability to find closely correlated positions to Moens 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 Moens 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 Moens 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 Moens Bank AS to buy it.
The correlation of Moens 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 Moens Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moens Bank 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 Moens 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 Moens Stock
Moens Bank financial ratios help investors to determine whether Moens 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 Moens with respect to the benefits of owning Moens Bank security.