Pandora AS (Denmark) Market Value
| PNDORA Stock | DKK 1,136 19.00 1.70% |
| Symbol | Pandora |
Pandora AS '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 Pandora AS'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 Pandora AS.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pandora AS on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pandora AS or generate 0.0% return on investment in Pandora AS over 90 days. Pandora AS is related to or competes with Ralph Lauren, Tapestry, PVH Corp, Levi Strauss, and VF. Pandora AS designs, manufactures, and markets hand-finished and contemporary jewelry worldwide More
Pandora AS 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 Pandora AS'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 Pandora AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.29 |
Pandora AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pandora AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pandora AS's standard deviation. In reality, there are many statistical measures that can use Pandora AS historical prices to predict the future Pandora AS's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.25) |
Pandora AS Backtested Returns
Pandora AS maintains Sharpe Ratio (i.e., Efficiency) of -0.0306, which implies the firm had a -0.0306% return per unit of risk over the last 3 months. Pandora AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pandora AS's Risk Adjusted Performance of (0.02), variance of 2.21, and Coefficient Of Variation of (3,267) to confirm the risk estimate we provide. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pandora AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pandora AS is expected to be smaller as well. At this point, Pandora AS has a negative expected return of -0.0455%. Please make sure to check Pandora AS's skewness, as well as the relationship between the day median price and relative strength index , to decide if Pandora AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Pandora AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pandora AS 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 Pandora AS price movement. The serial correlation of -0.76 indicates that around 76.0% of current Pandora AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 957.18 |
Pandora AS lagged returns against current returns
Autocorrelation, which is Pandora AS 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 Pandora AS's stock expected returns. We can calculate the autocorrelation of Pandora AS returns to help us make a trade decision. For example, suppose you find that Pandora AS 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 |
Pandora AS 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 Pandora AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pandora AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pandora AS stock over time.
Current vs Lagged Prices |
| Timeline |
Pandora AS Lagged Returns
When evaluating Pandora AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pandora AS stock have on its future price. Pandora AS 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, Pandora AS autocorrelation shows the relationship between Pandora AS stock current value and its past values and can show if there is a momentum factor associated with investing in Pandora AS.
Regressed Prices |
| Timeline |
Pair Trading with Pandora AS
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 Pandora AS 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 Pandora AS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pandora AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pandora AS 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 Pandora AS - 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 Pandora AS to buy it.
The correlation of Pandora AS 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 Pandora AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pandora 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 Pandora AS 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 Pandora Stock
Pandora AS financial ratios help investors to determine whether Pandora 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 Pandora with respect to the benefits of owning Pandora AS security.