Sparinvest Europa (Denmark) Market Value
| SPIEUGKL | DKK 163.25 1.48 0.91% |
| Symbol | Sparinvest |
Please note, there is a significant difference between Sparinvest Europa's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparinvest Europa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparinvest Europa's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sparinvest Europa '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 Sparinvest Europa's fund 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 Sparinvest Europa.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in Sparinvest Europa on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding Sparinvest Europa Growth or generate 0.0% return on investment in Sparinvest Europa over 120 days. Sparinvest Europa is related to or competes with DKIEUHUAKLDKK. More
Sparinvest Europa 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 Sparinvest Europa's fund 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 Sparinvest Europa Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.46 |
Sparinvest Europa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparinvest Europa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparinvest Europa's standard deviation. In reality, there are many statistical measures that can use Sparinvest Europa historical prices to predict the future Sparinvest Europa's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sparinvest Europa's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sparinvest Europa Growth Backtested Returns
As of now, Sparinvest Fund is very steady. Sparinvest Europa Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0183, which indicates the fund had a 0.0183% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sparinvest Europa Growth, which you can use to evaluate the volatility of the fund. Please validate Sparinvest Europa's Risk Adjusted Performance of (0.02), variance of 0.7763, and Coefficient Of Variation of (3,558) to confirm if the risk estimate we provide is consistent with the expected return of 0.0156%. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparinvest Europa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparinvest Europa is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Sparinvest Europa Growth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sparinvest Europa time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 Sparinvest Europa Growth price movement. The serial correlation of -0.17 indicates that over 17.0% of current Sparinvest Europa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 9.84 |
Sparinvest Europa Growth lagged returns against current returns
Autocorrelation, which is Sparinvest Europa fund'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 Sparinvest Europa's fund expected returns. We can calculate the autocorrelation of Sparinvest Europa returns to help us make a trade decision. For example, suppose you find that Sparinvest Europa has exhibited high autocorrelation historically, and you observe that the fund 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 |
Sparinvest Europa 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 Sparinvest Europa fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparinvest Europa fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparinvest Europa fund over time.
Current vs Lagged Prices |
| Timeline |
Sparinvest Europa Lagged Returns
When evaluating Sparinvest Europa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparinvest Europa fund have on its future price. Sparinvest Europa 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, Sparinvest Europa autocorrelation shows the relationship between Sparinvest Europa fund current value and its past values and can show if there is a momentum factor associated with investing in Sparinvest Europa Growth.
Regressed Prices |
| Timeline |
Pair Trading with Sparinvest Europa
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 Sparinvest Europa 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 Sparinvest Europa will appreciate offsetting losses from the drop in the long position's value.Moving against Sparinvest Fund
The ability to find closely correlated positions to Sparinvest Europa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sparinvest Europa 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 Sparinvest Europa - 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 Sparinvest Europa Growth to buy it.
The correlation of Sparinvest Europa 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 Sparinvest Europa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sparinvest Europa Growth 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 Sparinvest Europa 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 Sparinvest Fund
Sparinvest Europa financial ratios help investors to determine whether Sparinvest Fund 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 Sparinvest with respect to the benefits of owning Sparinvest Europa security.
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| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |