SKAKO AS (Denmark) Market Value
| SKAKO Stock | DKK 73.40 1.80 2.39% |
| Symbol | SKAKO |
SKAKO 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 SKAKO 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 SKAKO AS.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in SKAKO AS on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding SKAKO AS or generate 0.0% return on investment in SKAKO AS over 90 days. SKAKO AS is related to or competes with North Media, HH International, Per Aarsleff, First Farms, and RTX AS. SKAKO AS designs, develops, and sells concrete batching plants and vibratory equipment in North America, Europe, Africa,... More
SKAKO 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 SKAKO 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 SKAKO AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 13.92 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.55 |
SKAKO AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKAKO AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKAKO AS's standard deviation. In reality, there are many statistical measures that can use SKAKO AS historical prices to predict the future SKAKO AS's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | 0.2126 | |||
| Treynor Ratio | (0.11) |
SKAKO AS Backtested Returns
SKAKO AS retains Efficiency (Sharpe Ratio) of -0.0144, which indicates the firm had a -0.0144 % return per unit of risk over the last 3 months. SKAKO AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SKAKO AS's risk adjusted performance of (0.01), and Standard Deviation of 2.01 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SKAKO AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding SKAKO AS is expected to be smaller as well. At this point, SKAKO AS has a negative expected return of -0.0289%. Please make sure to validate SKAKO AS's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if SKAKO AS performance from the past will be repeated in the future.
Auto-correlation | -0.5 |
Modest reverse predictability
SKAKO AS has modest reverse predictability. Overlapping area represents the amount of predictability between SKAKO AS 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 SKAKO AS price movement. The serial correlation of -0.5 indicates that about 50.0% of current SKAKO AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 |
SKAKO AS lagged returns against current returns
Autocorrelation, which is SKAKO 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 SKAKO AS's stock expected returns. We can calculate the autocorrelation of SKAKO AS returns to help us make a trade decision. For example, suppose you find that SKAKO 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 |
SKAKO 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 SKAKO AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKAKO AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKAKO AS stock over time.
Current vs Lagged Prices |
| Timeline |
SKAKO AS Lagged Returns
When evaluating SKAKO AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKAKO AS stock have on its future price. SKAKO 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, SKAKO AS autocorrelation shows the relationship between SKAKO AS stock current value and its past values and can show if there is a momentum factor associated with investing in SKAKO AS.
Regressed Prices |
| Timeline |
Pair Trading with SKAKO 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 SKAKO 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 SKAKO AS will appreciate offsetting losses from the drop in the long position's value.Moving against SKAKO Stock
The ability to find closely correlated positions to SKAKO 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 SKAKO 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 SKAKO 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 SKAKO AS to buy it.
The correlation of SKAKO 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 SKAKO AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SKAKO 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 SKAKO 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 SKAKO Stock
SKAKO AS financial ratios help investors to determine whether SKAKO 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 SKAKO with respect to the benefits of owning SKAKO AS security.