SDG Invest (Denmark) Market Value
| SDKGBA Stock | 197.05 0.60 0.30% |
| Symbol | SDG |
SDG Invest '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 SDG Invest'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 SDG Invest.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in SDG Invest on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding SDG Invest Globale or generate 0.0% return on investment in SDG Invest over 30 days.
SDG Invest 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 SDG Invest'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 SDG Invest Globale upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.04 |
SDG Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SDG Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SDG Invest's standard deviation. In reality, there are many statistical measures that can use SDG Invest historical prices to predict the future SDG Invest's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.0523 |
SDG Invest Globale Backtested Returns
SDG Invest Globale owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0348, which indicates the firm had a -0.0348% return per unit of volatility over the last 3 months. SDG Invest Globale exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SDG Invest's risk adjusted performance of (0.01), and Variance of 0.7093 to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SDG Invest are expected to decrease at a much lower rate. During the bear market, SDG Invest is likely to outperform the market. At this point, SDG Invest Globale has a negative expected return of -0.0307%. Please make sure to validate SDG Invest's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if SDG Invest Globale performance from the past will be repeated in the future.
Auto-correlation | -0.63 |
Very good reverse predictability
SDG Invest Globale has very good reverse predictability. Overlapping area represents the amount of predictability between SDG Invest time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 SDG Invest Globale price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current SDG Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
SDG Invest Globale lagged returns against current returns
Autocorrelation, which is SDG Invest 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 SDG Invest's stock expected returns. We can calculate the autocorrelation of SDG Invest returns to help us make a trade decision. For example, suppose you find that SDG Invest 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 |
SDG Invest 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 SDG Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SDG Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SDG Invest stock over time.
Current vs Lagged Prices |
| Timeline |
SDG Invest Lagged Returns
When evaluating SDG Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SDG Invest stock have on its future price. SDG Invest 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, SDG Invest autocorrelation shows the relationship between SDG Invest stock current value and its past values and can show if there is a momentum factor associated with investing in SDG Invest Globale.
Regressed Prices |
| Timeline |
Pair Trading with SDG Invest
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 SDG Invest 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 SDG Invest will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SDG Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SDG Invest 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 SDG Invest - 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 SDG Invest Globale to buy it.
The correlation of SDG Invest 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 SDG Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SDG Invest Globale 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 SDG Invest 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.