Skjern Bank (Denmark) Market Value
| SKJE Stock | DKK 155.00 1.00 0.65% |
| Symbol | Skjern |
Skjern 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 Skjern 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 Skjern Bank.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Skjern Bank on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Skjern Bank AS or generate 0.0% return on investment in Skjern Bank over 180 days. Skjern Bank is related to or competes with Nordinvestments, Dataproces Group, Sydbank AS, Hvidbjerg Bank, and Djurslands Bank. Skjern Bank AS provides financial services to private customers, business and institutional customers, and public compan... More
Skjern 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 Skjern 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 Skjern Bank AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.5 |
Skjern Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skjern Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skjern Bank's standard deviation. In reality, there are many statistical measures that can use Skjern Bank historical prices to predict the future Skjern Bank's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (1.79) |
Skjern Bank AS Backtested Returns
Skjern Bank AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of risk over the last 3 months. Skjern Bank AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skjern Bank's Coefficient Of Variation of (427.37), variance of 1.68, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Skjern Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skjern Bank is expected to be smaller as well. At this point, Skjern Bank AS has a negative expected return of -0.31%. Please make sure to validate Skjern Bank's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Skjern Bank AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Skjern Bank AS has very good predictability. Overlapping area represents the amount of predictability between Skjern Bank time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Skjern Bank AS price movement. The serial correlation of 0.82 indicates that around 82.0% of current Skjern Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 140.49 |
Skjern Bank AS lagged returns against current returns
Autocorrelation, which is Skjern 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 Skjern Bank's stock expected returns. We can calculate the autocorrelation of Skjern Bank returns to help us make a trade decision. For example, suppose you find that Skjern 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 |
Skjern 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 Skjern Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skjern Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skjern Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Skjern Bank Lagged Returns
When evaluating Skjern Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skjern Bank stock have on its future price. Skjern 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, Skjern Bank autocorrelation shows the relationship between Skjern Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Skjern Bank AS.
Regressed Prices |
| Timeline |
Pair Trading with Skjern 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 Skjern 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 Skjern Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Skjern Stock
Moving against Skjern Stock
The ability to find closely correlated positions to Skjern 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 Skjern 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 Skjern 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 Skjern Bank AS to buy it.
The correlation of Skjern 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 Skjern Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skjern 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 Skjern 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 Skjern Stock
Skjern Bank financial ratios help investors to determine whether Skjern 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 Skjern with respect to the benefits of owning Skjern Bank security.